AML/CFT Analyst I

Job Description

Job Description

Description:

If you are someone wanting to make a difference in the communities that we serve and join one of the strongest large banks in Kansas City, then Security Bank of Kansas City has a career for you. In addition to our compensation and benefits packages, Security Bank offers full-time employees 11 paid holidays, rewarding and challenging growth opportunities, generous paid time off and discounted banking services.

Position Summary

The AML/CFT Analyst I is responsible for monitoring, investigating, and reporting potential money laundering, fraud, terrorist financing, and suspicious activity. This role supports the bank’s compliance with the Bank Secrecy Act (BSA), Anti Money Laundering (AML) regulations, Office of Foreign Assets Control (OFAC) requirements, and internal policies. The analyst conducts reviews, analyzes customer activity, prepares regulatory filings, and supports fraud and compliance initiatives across the institution. This position is ideal for an early-career professional or someone transitioning into financial operations. 

Essential Duties & Responsibilities

The duties include but are not limited to the following:

• Review and investigate daily AML, Countering the Financing of Terrorism (CFT), and fraud alerts generated through BAM+ and other transaction monitoring systems to identify potentially suspicious or unusual activity. 
• Analyze customer transactions across multiple banking channels, including deposits, debit cards, ACH, wires, mobile deposits, checks, ATMs, and cash activity to detect money laundering, fraud, terrorist financing, and related financial crimes. 
• Identify unusual activity patterns such as structuring, rapid movement of funds, funnel activity, mule behavior, elder financial exploitation, and anomalous transaction behavior. 
• Conduct full scope AML/CFT investigations by reviewing customer profiles, historical and current activity, expected account behavior, and relevant risk indicators. 
• Apply regulatory guidance, typologies, and internal procedures to determine whether activity warrants escalation or suspicious reporting. 
• Prepare, document, and file complete and timely Suspicious Activity Reports (SARs) with clear narratives and supporting analysis in accordance with regulatory deadlines. 
• Perform initial OFAC screening and monitoring, research potential matches, and escalate findings for further review as required. 
• Support bi weekly Section 314(a) information sharing reviews and document results in accordance with regulatory requirements. 
• Complete Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for higher risk customers, including verification of customer occupation, business purpose, beneficial ownership, anticipated activity, and risk profile. 
• Review and validate Customer Identification Program (CIP) documentation, track CIP exceptions, and support timely remediation in compliance with internal policy and regulatory standards. 
• Review large cash transactions to ensure accurate aggregation and assist with the preparation and filing of Currency Transaction Reports (CTRs) within required timeframes. 
• Analyze cash activity reports and detailed listings to identify unusual or high risk cash behavior requiring escalation or further investigation. 
• Identify and escalate potential elder financial abuse or other vulnerable customer exploitation concerns to management and appropriate internal teams. 
• Respond to subpoenas, law enforcement requests, and Adult Protective Services (APS) inquiries in accordance with custody of records and confidentiality requirements. 
• Maintain accurate, complete, and well documented case files to support regulatory examinations, audits, and internal quality assurance reviews. 
• Maintain logs and tracking reports related to SARs, CTRs, monitoring alerts, and CIP exceptions. 
• Collaborate with Fraud Prevention, Operations, Compliance, and branch staff to resolve alerts, mitigate risk, and support enterprise wide AML and fraud initiatives. 
• Assist with AML, CFT, and fraud related training and guidance for staff as needed. 
• Identify emerging financial crime trends, typologies, or potential control gaps and escalate observations to management. 
• Ensure all AML/CFT activities comply with BSA, AML, OFAC regulations, FFIEC guidance, and internal policies and procedures. 
• Additional duties/tasks as assigned.

Required Skills & Abilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Integrity and Confidentiality
• Fraud Awareness and Regulatory Knowledge
• Strong Communication Skills
• Critical Thinking and Decision-Making
• Team Collaboration
• Attention to Detail and Organizational Skills

Minimum Education & Experience

• High school diploma or equivalent required; Associate’s or Bachelor’s degree in Business, Finance, Criminal Justice, or a related field preferred.
• 0-2 years of experience in banking, BSA/AML, fraud, compliance, or a related financial services role preferred; relevant education or training may be considered in lieu of direct experience.
• Working knowledge of BSA/AML and Counter Terrorist Financing regulations, including OFAC requirements, with the ability to learn and apply regulatory guidance and internal policies.

Valued, but not required skills & experience

• Strong analytical and problem-solving skills with attention to detail.
• Strong written and verbal communication skills.
• Ability to manage multiple cases, meet deadlines, and maintain accuracy under pressure.
• Proficiency with Microsoft Office and fraud detection/monitoring systems.
• Strong customer service orientation with ability to handle sensitive issues professionally.
• High level of professional judgment, discretion, and integrity.

Physical Demands & Work Environment

The physical demands and work environment characteristics described here are representative of those that must be met by the employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Physical Demands: While performing the duties of this job, the employee is regularly required to walk, talk, see and hear. The general level of physical activity would be defined as sedentary. The employee is occasionally required to stand and frequently required to sit; use hands to finger, handle, or feel; reach with hands and arms. Some movements of the hands, arms, and wrists may involve repetitive motions. Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception, and ability to adjust focus. Regular attendance and punctuality are necessary and essential functions.
• Cognitive/Mental Requirements: While performing the duties of this job, the employee is required to comprehend and use basic language, either written or spoken, to communicate information and ideas, both simple and complex. The employee is also required to use logic to define problems, collect information, establish facts, draw valid conclusions, interpret information and deal with abstract variables for unique or unfamiliar situations; also requires use of problem-solving skills including formulating and applying appropriate course of action for routine or familiar situations. The employee may be required to perform numerical operations including basic counting, adding, subtracting, multiplying and dividing or more complex quantitative calculations. 
• Work Environment: While performing the duties of this job, the employee is inside a central heat and air-conditioned office building. The noise level in the work environment is minimal.

Other Information:

Accommodations will be made to allow for meeting requirements when it does not place an "undue hardship" on Security Bank of Kansas City.

Statements included in this job description are intended to describe the general nature and level of work performed by the employee(s) assigned to this job. The statements are not intended to be construed as an exhaustive list of responsibilities, duties and skills required.

Security Bank of Kansas City is an Equal Opportunity/Affirmative Action employer.