Posted: Saturday, March 11, 2017 5:02 PM
PrivateBancorp, Inc. through its subsidiaries, delivers customized business and personal financial services to middle:market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities we serve. We provide a comprehensive benefit package including paid vacation and holidays, 401(k) with employer match, insurance and EAP. our web site to learn more about The PrivateBank and Trust Company and PrivateBancorp, Inc. listed on NASDAQ PVTB. The PrivateBank is an Equal Opportunity Employer M/F/Disability/VeteranAnti:Money Laundering (AML) Investigations Officer will be responsible for reviewing and decisioning complex transaction monitoring alerts designed to detect potential money laundering, terrorist financing, and drug trafficking activities in compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and related laws and regulations. Officer will monitor and analyze customer account activity, evaluate industry and client risks, and recommend suspicious activity report (SAR) filing. Responsibilites:Evaluate and document the effectiveness of alert thresholds.Perform periodic coverage assessment of the BankA?s monitoring rules.Identify and analyze high:risk customers and other identified accounts for unusual and suspicious activity. Provide accurate documentation of the suspicious activity and recommends appropriate actions.Prepare Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow:up steps as outlined in BankA?s BSA/AML Program. Maintain confidentiality of reports and documentation as required by law.Review legal requests and conduct account reviews from a BSA/AML/USA Patriot Act perspective.Provide prompt escalation of BSA findings to appropriate municate internally to all lines of business to obtain additional information and further documentation needed to complete analysis of identified accounts.Assist in maintaining and testing the data inputs used by the transaction monitoring system.Qualifications:Minimum 5:8 years of investigative or related experience with emphasis on BSA/AML.Bachelor degree or equivalent job experience in banking.Advanced Excel and Word skills.Ability to independently analyze, research, and problem solve.Strong writing skills.Experience with a BSA/AML transaction monitoring system required.Knowledge of applicable regulations and industry knowledge of emerging risks.
• Location: Chicago
• Post ID: 56471193 chicago