AML Specialist

Job Description

Key ResponsibilitiesFraud Detection & Analysis

• Conduct thorough research and analysis of account activity to identify red flags, suspicious behavior, and potential fraud schemes.
• Perform complex investigations into fraudulent transactions, including identity theft, account takeovers, synthetic identities, and other emerging fraud typologies.
• Analyze trends and patterns in member accounts to detect anomalies and provide clear, concise summaries of findings.

Regulatory Compliance & Reporting

• Create, complete, and maintain high-quality Suspicious Activity Reports (SARs) for fraud-related cases and other sophisticated or high‑risk investigations.
• Ensure all SAR documentation meets internal standards, regulatory requirements, and filing timelines.
• Maintain strong knowledge of BSA/AML laws, regulatory expectations, enforcement actions, and industry best practices.
• Stay up to date with OFAC regulations, sanctions requirements, and related compliance obligations.

Investigation & Risk Management

• Identify, assess, and document suspicious activity across various delivery channels, including digital banking, wire transfers, ACH, remote deposit capture, and card activity.
• Evaluate risk exposure and recommend appropriate mitigation strategies or escalation when warranted.
• Collaborate with internal teams to gather supporting documents, verify member information, and strengthen investigative findings.

Documentation & Communication

• Prepare detailed investigative summaries that translate complex data and fraud patterns into clear, actionable insights for leadership or regulatory needs.
• Maintain accurate case records, supporting documentation, and audit‑ready investigation files.