BSA Operations Analyst
CIBC Bank USA is building a relationship-oriented bank for the modern world and is seeking a detail-oriented Junior AML Investigator to join their US AML team. This role involves conducting name screening adjudications, analyzing screening results for potential AML and sanctions risks, and collaborating with various lines of business to resolve screening alerts.
Responsibilities
- Conduct name screening adjudications for negative news and Politically Exposed Persons (PEPs) using internal and external databases
- Analyze and interpret screening results to identify potential AML and sanctions risks
- Review and assess negative news alerts, escalating cases as appropriate based on risk assessment
- Apply regulatory and internal guidance to ensure compliance with AML and sanctions requirements
- Collaborate with lines of business to obtain information required to resolve screening alerts and make risk-based decisions
- Document investigation findings and decisions clearly and accurately
- Create, track, and report metrics related to screening and investigation activities
- Prepare regular and ad hoc reports for management
- Communicate effectively with internal stakeholders to resolve screening-related inquiries
- Stay current on relevant regulatory developments, industry trends, and internal policies
- Perform other AML operational duties as assigned to support the broader US AML team
Skills
- Minimum 1 year of experience in AML or Sanctions compliance, or at least 3 years in banking operations
- Strong attention to detail and organizational skills
- Proven ability to interpret and apply regulatory and internal guidance
- Analytical mindset with the ability to make risk-based decisions
- Excellent written and verbal communication skills
- Ability to work independently and as part of a team
- Demonstrated ability to manage multiple priorities in a fast-paced environment
- Proficiency with AML screening tools and databases is an asset
- Familiarity with global AML and sanctions regulations
- Experience with screening and adjudication processes
- Experience with metrics creation, tracking, and reporting
Benefits
- The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component.
- CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.
- We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
- Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
- We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
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