Job Description

Date Active

Sep 8, 2022 10:52:10 AM

Requisition #

22-2018

Hours Per Week

40

Location

436 Slater Road-HF308

City

New Britain

State

Connecticut

Job Description/ Requirements

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer. 

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Webster Bank is seeking an Anti-Money Laundering Analyst with knowledge of Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Bank Secrecy Act (BSA) requirements to fulfill the following duties:

  • Conduct financial investigations to mitigate regulatory, reputational and compliance risk for Webster Bank, N.A. and its affiliates.
  • Utilizing independent judgment, based upon training and experience, review suspicious transactions referrals from Webster Bank’s Lines of Business and internal Anti-Money Laundering/ Terrorist Financing software and determine the appropriate course of action. 
  • Prepare detailed investigation reports that logically outline investigative steps taken, research completed and recommendations utilizing analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations, recommend if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN). 
  • Review of internal account relationship/activities where money laundering or related employee misconduct allegations are possible.
  • Act as a Subject Matter Expert (SME) and communicate with Webster Bank’s Lines of Business (LOB) to provide guidance with compliance laws and regulations, including Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws and regulations.
  • Interpret and maintains a strong knowledge of all current and proposed BSA/AML laws and regulations. 
  • Manage data collection and quality control of investigative work product.
  • Assist in the quality control of Suspicious Transaction Memos (STM).
  • Research and support peer bank inquires (USPA 314b requests).
  • As appropriate, communicate the results of FIU investigations to appropriate Corporate Executives, including conclusions and recommendations for next steps.  
  • Preparation of the appropriate management reports summarizing findings and recommendations.
  • May act as the representative from the Financial Investigations Unit on the Suspicious Activity Review Counsel.
  • Act as a liaison to Law Enforcement. 
  • May be called to testify in State and Federal civil/criminal court proceedings. 
  • Work with IT to support software and data needs.

EDUCATION, EXPERIENCE & SKILLS

  • College degree or equivalent experience required in compliance, banking, and/or investigations.
  • Knowledge of and experience with Bank Secrecy Act (BSA) and Anti Money Laundering (AML) regulations and investigations preferred
  • Proven ability to work independently in a high-volume environment
  • Strong analytical, computer, presentation, written and verbal communication skills
  • Association of Certified Anti-Money Laundering Specialists (ACAMS) preferred

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Equal Opportunities

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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