AML Investigator I AML Investigator I …

TD Bank Group
in Mount Laurel, NJ, United States
Permanent, Full time
Last application, 21 Aug 19
Competitive
TD Bank Group
in Mount Laurel, NJ, United States
Permanent, Full time
Last application, 21 Aug 19
Competitive
AML Investigator I
Company Overview

About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US .
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com .

Department Overview

The AML Investigator I is responsible for independently performing analysis of complex financial transactions to include confidential research and investigations. Evaluates suspicious and/or questionable account activity. Recognizes and evaluates high risk accounts and activity and makes recommendations regarding account retention. Utilizes a variety of analytical techniques and computer systems to make informed decisions concerning Customer account status. Takes referrals from internal support groups, reviews transaction background and information, conducts additional research and investigation as needed and decides whether to conclude inquiry or forward to applicable authorities for further review. Performs enhanced due diligence on Customers designated by regulators as high risk, such as international and large cash Customers. Reviews and validates information sent from the Financial Crimes Enforcement Network (FinCen), Financial Transactions and Reports Analysis Centre (Fintrac) against Company records, researches issues and resolves with FinCen, or Fintrac. Notifies stores of recommendations to close Customer accounts based on research conducted on customer activity.
Coordinates with supervisor/Team Leader and branches to close accounts. This role works specifically with PEP accounts

Job Description

Must be eligible for employment under regulatory standards applicable to the position.Recognizes and evaluates high risk accounts and activity and makes recommendations regarding account retention.
Conducts due diligence for high risk accounts that may include interfacing with Customers and Employees in order to obtain operational and financial information.
Utilizes a variety of analytical techniques and computer systems to make informed decisions concerning Customer account status.
Works independently with supervision inside a team environment.
Plans and prioritizes daily workload to meet department objectives.
Communicates with branch staff to obtain information needed for supporting documentation, reports and risk mitigation.
Takes referrals from internal support groups, reviews transaction background and information, conducts additional research and investigation as needed and decides whether to conclude inquiry or forward to applicable authorities for further review. Performs enhanced due diligence on Customers designated by regulators as high risk, such as international and large cash Customers.
Reviews and validates rules, guidance and other pertinent information issued by the relevant jurisdictional financial intelligence unit such as the Financial Crimes Enforcement Network (FinCEN) or the Financial Transactions Reports Analysis Centre of Canada (FINTRAC).
Performs additional research as needed to supplement background information.
Utilizes various vendor information databases, general internet and other research sources to find useful material.
Contacts branches if needed for additional Customer information
Notifies stores of recommendations to close Customer accounts based on research conducted on customer activity.
Coordinates with supervisor/Team Leader and branches to close accounts.
Assists/coaches branch personnel, when deemed necessary and/or requested, to conduct Customer interviews to address certain specific AML alerted transactional issues.
Provides branch and business line personnel with clear understanding of Customer's transactional history as related to money laundering concerns thus mitigating possible monetary and reputational risks.
Maintains updated information on various systems as well as required files and documentation. Ensures that records are complete and available for review and audit as needed.
Maintains knowledge of Company products and services and current trends and developments in the industry affecting area activities, including legal and regulatory requirements.
Analyzes, makes determinations and either concludes inquiries or forwards for further investigation potential money laundering transactions in support of the regulations, such as, the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and all other Anti-Money Laundering (AML) regulations designed to prevent financial-related crimes against the government according to established TD Bank policies, procedures and regulatory guidelines.
Determines whether transactions are possibly related to money laundering or terrorist financing. Files Suspicious Activity Reports (SARs) or, Suspicious Transaction Reports (STRs) on unusual activity and submits for supervisory review and approval.
Performs additional duties and participates in special projects as required.
Develops and presents case files, both verbally and through written analysis to senior staff.
Supports management team, ensuring daily, weekly, and monthly reports are completed on time.
Qualifications :
Bachelors degree or progressive work experience in addition to experience below.
1-2 Years of related experience.
Knowledge of CIP and/or KYC, and/or AML and ATF regulations, requirements and procedures an asset.
Familiarity with regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
Inquisitive nature, with ability to pursue potential investigative leads until resolved.

Requirements

  • Must be eligible for employment under regulatory standards applicable to the position.

  • Bachelors degree or progressive work experience in addition to experience below.
    1-2 Years of related experience.
    Knowledge of CIP and/or KYC, and/or AML and ATF regulations, requirements and procedures an asset.
    Familiarity with regulations, such as the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
    Inquisitive nature, with ability to pursue potential investigative leads until resolved.
    Research skills, with ability to diligently look for and uncover material useful to the evaluation.
    Organized, with ability handle multiple cases simultaneously.
    Basic investigative and business sense to distinguish between typical transactions and suspicious activity.
    Good communication skills, including verbal phone skills and writing skills.
    Ability to use various searchable databases.
    Basic computer skills/knowledge of Microsoft products (Word, Excel, PowerPoint).
    Ability to use the internet to conduct research and investigations

    Hours

    Standard

    Inclusiveness

    At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach their potential.

    If you are a candidate with a disability and need an accommodation to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

    EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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