New

AML Associate - Morristown, NJ

Valley National Bank
$41,800.00 - $69,400.00 / yr
paid time off
United States, New Jersey, Morristown
Oct 07, 2025
Back AML Associate #25-1061 Multiple Locations Apply Apply for this job now! Apply Expected Work Hours 40 Job Description The AML Associate will be responsible for data entry 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. 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 of 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. Other Responsibilities: Comply with all regulations pertaining to BSA, USA PATRIOT ACT, and OFAC. Complete annual BSA training. Report suspicions of criminal activity, or any attempt to avoid BSA reporting requirements on the part of customers or employees, to the AML/BSA Compliance Department. For supervisory positions, ensure BSA training requirements are completed by staff. Performs other job duties as deemed necessary by supervisor. Requirements Required Skills: Working understanding of reporting requirements of the Bank Secrecy Act (BSA), and USA PATRIOT Act. Excellent oral and written communications 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 situations. 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 Location(s). 1617 Gulf to Bay Blvd, Clearwater , Florida 33755 , United States 579 5th Ave, New York , New York 10017 , United States 70 Speedwell Ave, Morristown , New Jersey 07960 , United States 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. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $41,800.00 - $69,400.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.