AML Intern

UMB Bank • Kansas City, MO

5d

About The Position

UMB’s Anti-Money Laundering (AML) obligations are established by a critical set of regulations that financial institutions must follow to protect our institutions and communities from those would seek to exploit the U.S. financial system to commit crimes against the state or others. Law enforcement considers the intel received from U.S. financial institutions to be vital to its efforts to protect our communities. Those who thrive on the AML team can detect transactions that are out of pattern for the customer, or which may evidence an attempt to hide the true nature of the activity. Team members must be analytical, good at conducting research on customers and transactions, and collaborative with other team members or associates at UMB. The AML team at UMB operates in a fast-paced environment where we are involved in assessing UMB’s customers and their transactions. We work closely together, sharing ideas and constructively challenging one another to arrive at the best understanding of activity. The team places an emphasis on recognizing achievements. As an intern, you will receive training on how to review transactions, how to identify things that are unusual for the customer, where to look for additional information, and how to escalate matters for higher level review. Time permitting, the AML intern could participate in learning about currency transaction reporting, Enhanced Due Diligence, and other relevant AML topics/tasks. Documentation of our reviews is a critical part of evidencing what we do. The ability to write in a clear and concise manner will enable a team member to be successful. How you will spend your time: You will learn about the U.S. sanctions program and the FinCEN 314a program and have opportunities to review customers and transactions for sanctions compliance. You will assist with gathering information on currency transaction reports. You will assist in analyzing customer activity.

Requirements

• You are currently enrolled in a bachelor’s program, preferably with an emphasis in Business, Criminal Justice, or Pre-Law
• You possess strong analytical skills
• You are curious and enjoy asking questions and considering differing viewpoints
• You are proficient in written communication

Responsibilities

• review customers and transactions for sanctions compliance
• assist with gathering information on currency transaction reports
• assist in analyzing customer activity

Benefits

• Paid Time Off
• a 401(k) matching program
• annual incentive pay
• paid holidays
• a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
• health savings, flexible spending, and dependent care accounts
• adoption assistance
• an employee assistance program
• fitness reimbursement
• tuition reimbursement
• an associate wellbeing program
• an associate emergency fund
• various associate banking benefits

What This Job Offers

• Career Level: Intern