AML Investigator

Title: AML Investigator

Primary Location:  Grand Rapids

Employee Status: full-time hourly

Estimated Hours/Week:  38

Remote:  No

***This is not a remote opportunity. Position required to report to the Grand Rapids office daily.***

What You’ll Get: (note varied offerings based on role and hours) 

• Weekly Pay 

• Comprehensive Health & Wellness package including Medical (with prescription coverage), Dental, and vision 

• Matching Health Savings Account Contributions, Dependent Care flexible spending account (FSA) 

• Retirement options like 401 (k) with company match and pension. 

• Paid time off: Vacation, Personal days, paid holidays, paid volunteer time, sick days, & flex time. 

• Tuition reimbursement 

• To see a full list of our benefit offerings – check out this helpful guide!

About this position: 

LMCU is looking for an Anti-Money Laundering (AML) Investigator who will be responsible for ensuring adherence to Bank Secrecy Act (BSA) through transaction monitoring, investigation of suspicious activity, and the drafting of Suspicious Activity Reports (SARs), as well as identifying and monitoring high-risk activity and high-risk accounts. Makes recommendation to file SARs to the BSA Officer and documents findings. Maintains documentation to ensure compliance with the Bank Secrecy Act and supports all elements of BSA, AML, USA, PATRIOT Act and Office of Foreign Assets Control (OFAC) requirements and in accordance with credit union policies and procedures.

What you’ll do: 

• Utilize standard procedure and independent judgment to investigate and analyze customer account activity in a timely manner. Review suspicious activity alerts from a variety of sources, including but not limited to: AML monitoring software, referrals from branches and back-office "member facing" departments, and other BSA teammates, to accurately distinguish suspicious activity from false positive alerts. Create well documented and organized findings to write justification summaries for false positive decisions made.

• Use well documented and organized findings to make recommendations to BSA Management regarding the filing of SAR cases. Prepare all aspects of documentation retention and SAR form for review for submission to FinCEN, which includes accurately and concisely explaining customer and activity in narrative form.

• Use AML software to identify, investigate, rate, and monitor high-risk members and/or high-risk activity based on LMCU's risk appetite. Document well organized findings according to procedure.

• Maintain and update personal knowledge of AML rules, regulations, laws, and best practices.

• Performs other tasks or duties as needed to support AML/BSA/Compliance team.

What You’ll Bring: You’ll like this position if you are...

• Previous compliance experience, preferably in BSA / AML. Two or more years in a banking environment.

• A two-year college degree or completion of a specialized course of study at a business or trade school equivalent to approximately 64 credit hours.

• Analytical/Investigative skills to understand expected activity for individual members/member entities.

• Highly organized with attention to detail to ensure full and complete review of member alert and database of reviews/trends. High degree of accuracy and detail-oriented.

• Knowledge of financial crimes and how they are perpetrated.

• Understanding of businesses and anticipated or expected transactions for business accounts.

• Proficient computer skills including experience using software systems and MS applications, ability and willingness to understand and apply additional software and regulatory reference materials.

• Ability to work in a collaborative environment as well as independently, able to self-initiate activity review and research.

• Effective time-management skills and the ability to prioritize multiple tasks with competing timelines (multitask).

• Demonstrated knowledge of banking, including internal structure of credit union and elements of credit union operations and service.

• Demonstrated in-depth knowledge of the Bank Secrecy Act and AML rules and regulations.

• Strong ability to understand specific BSA/AML, recognize solutions to mitigate risks and adapt to automation or other changes as implemented.

• Must have good working knowledge of Symitar, Application Extender/OnBase, and Image Center.

Who We Are: 

We’re proud of our past, thrilled with our present, and couldn’t be more excited about our future! Lake Michigan Credit Union has grown to become one of the largest credit unions in the nation with our headquarters in West Michigan.

As a credit union, LMCU is a not for profit institution, owned by its members, instead of corporate stock holders. We are accountable directly to our members, and they directly share in our success – benefitting by lower and fewer fees, better savings and checking interest rates, lower cost mortgages and a host of other advantages that simply don’t exist at traditional banks.

It’s about always doing what’s best and right for our members - it guides everything we do.

From friendly, knowledgeable and professional employees who greet you by name, to offering stellar value at every turn, LMCU works for its members.

Working with LMCU you can grow and advance in your career and work with talented teams that help you become better each and every day.  As an employee you can have confidence in knowing your work is having an impact by supporting our mission of serving our members’ lifetime financial needs. 

You’ll be encouraged to innovate and excel and we're committed to your empowerment as an employee, providing ongoing training, development, support, and opportunities for you to achieve your career goals.

Have additional questions about the role?

You may email us at: Careers@lmcu.org. 

If you lack access to the internet or internet connectivity, or have a disability that hinders your ability to apply online, please choose one of the following options to obtain assistance:

Call us at: (616) 242-9790

Mail your resume to: 5664 Prairie Creek Drive, Caledonia, MI 49316

Please Note: These options are reserved for use by individuals requesting an accommodation as a candidate. Information received via these options will be routed to our HR team, who will provide appropriate assistance to facilitate the completion of LMCU’s online application.