AML Analyst

Title: AML Analyst

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:

• 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) Analyst who will ensure adherence to the Bank Secrecy Act (BSA) through transaction monitoring, investigation of suspicious activity, and the drafting of Suspicious Activity Reports (SARS). The AML Analyst makes recommendation to file SARs to the BSA Officer and documents findings. Maintains documentation to ensure compliance with 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: 

• Perform various BSA tasks related to customer transaction activity.

• Monitor customer account activity as outlined by established procedures, including reviewing alerts, generated from the AML monitoring software.

• Perform daily investigations of possible criminal activity using internal reports, the internet and other sources.

• Perform case-level investigations of potential suspicious activity and makes a recommendation to BSA Management regarding the filing of a Suspicious Activity Report (SARS).

• Prepare SARs for review for submission to FinCEN. Monitors cash transactions and wire transfers for unusual activity and maintains ongoing records.

• Review daily reports for possible structuring activity by bank customers.

• Assist with or performs BSA training with branch staff and other departments. Answers BSA/AML related questions and makes recommendations to BSA Manager for procedural changes.

• Perform other tasks in support of other BSA areas.

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

• Previous compliance experience, preferably in BSA / AML. Two + 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.

• Excellent interpersonal, verbal and written communication skills, including strict confidentiality.

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

• Must have good working knowledge of Symitar, Application Extender/OnBase, Image Center, intermediate Excel and general computer skills, and ability to learn new software.

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.