AML Associate

At Valley Bank, we believe in people’s growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we’ve been the Bank that clients from every industry turn to for our expertise, strategies, and advice—building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth— with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. The AML Associate is responsible for reviewing alerts generated by the bank’s transaction monitoring system, Actimize, or resulting from internal referrals to determine whether activity should be escalated for further review and possible Suspicious Activity Report filing. Expected Work Hours 40 hours per week Job Description Responsibilities include but are not limited to: Review alerts produced from Actimize Suspicious Activity Monitoring system and internal referrals using both internal and external tools, escalating to investigation anything warranting further review. Properly document all parts of the alert review process, including reason for escalation or closure of the alert. Work with Branch personnel in order to attain proper KYC information and CIP documentation when warranted. Assist with special projects as provided by AML management. Assist OFAC team with ruling out possible matches with SDN list and negative news searches. Inform Investigations Manager of common alerts to ensure the monitoring platform consistently addresses prevailing risk. Support in the day-to-day compliance efforts with AML/KYC requirements. Requirements Required Skills: Working understanding of reporting requirements of the Bank Secrecy Act (BSA), and USA PATRIOT Act. Excellent oral and written communication skills. Ability to conduct research using various sources. Knowledge of MS Office Applications, including Excel and Word. Ability to maintain attention to detail and accuracy under pressure. Team oriented and able to work independently. Required Experience: High School diploma or GED and a minimum of 1 year experience in banking operations with an understanding of anti‑money laundering processes or completion of the Valley internship program in AML. Experience with the NICE Actimize system preferred. Full-Time/Part-Time Full-time FLSA Non-exempt Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Pay Range: $42,700.00 - $71,200.00 per year Equal Employment Opportunity Statement Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic. If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at View phone number on click.appcast.io, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response. #J-18808-Ljbffr