AML Associate

The Financial Intelligence Unit (FIU) coordinates day-to-day implementation of the bank’s enterprise wide financial crime prevention efforts.  The FIU includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of Rockland Trust’s BSA, AML, and OFAC programs.   Our programs are designed to ensure protection of our customers, the bank, the U.

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financial system, and our country from illicit actors who exploit banking services with nefarious and criminal intent.   The FIU also develops or assists in developing appropriate policies and procedures, including those designated to assist the business units to know their customers and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. 

The AML Associate will be responsible to perform various risk functions which support compliance with laws, rules and regulations associated with the Bank Secrecy Act, Anti-Money Laundering (AML) regulations, the USA Patriot Act, Customer Identification Program, Beneficial Ownership and Office of Foreign Asset Control (OFAC) requirements.

The BSA Specialist will be expected to perform thorough investigations on a timely basis related to potential money laundering, terrorist financing, drug trafficking, and fraud; Perform enhanced due diligence on customer accounts, review and investigate alerts, high risk accounts and identify suspicious activity.

Duties & Responsibilities to contribute to the bank’s overall strategy and risk profile include:


* Monitor account transactions to identify patterns or anomalies that may indicate activities associated with BSA/AML typologies


* Gather and analyze information from various sources, such as advanced internal software tools, external data sources, and public records


* Perform due diligence and, as applicable, enhanced due diligence analysis and research on customers, beneficial owners, and related entities


* Prepare and maintain notes, research, analysis, and decisions in accordance with FIU standards to sufficiently support conclusions according to regulatory guidelines


* Prepare Regulatory Reports to ensure they are completed timely, accurately, and in accordance with department procedures and regulatory guidelines.

Execute assigned workload in accordance with defined SLAs.


* Adapt to and incorporate feedback to enhance investigative measures and clearly articulate a supportable rational behind decisions. 


* Understand business and regulatory requirements and ensure assigned tasks are being performed within those requirements.

Develop and maintain a thorough comprehension of BSA/AML typologies


* Escalate issues and situations requiring the attention of FIU Operations Manager, Director of Financial Intelligence, or the BSA Officer


* Participate in key training and learning opportunities and seek additional knowledge acquisition proactively


* Collaborate with oth...