Fraud Aml Risk Analyst Jobs in Pasadena, MD (NOW HIRING)

CFG Bank, headquartered in Baltimore, Maryland, serves the national healthcare and multifamily markets and the Mid-Atlantic region. As the sixth-largest bank in the Baltimore area by deposits and the largest bank headquartered in Baltimore, CFG has grown from $1 billion in assets in 2019 to more than $6 billion today. With over 30 years of industry expertise and a position among the nation’s leading healthcare bridge-to-HUD lenders, we combine the capabilities of a large financial institution with the agility, service, and entrepreneurial spirit of a boutique bank. Recognized by the Baltimore Business Journal as a Best Place to Work, we are committed to creating an environment where employees can grow, make an impact, and build rewarding careers.

The AML Analyst – Cannabis Banking is responsible for the day to day oversight, monitoring, and risk management of cannabis related customers and activity in compliance with the Bank Secrecy Act (BSA), Anti Money Laundering (AML), and Counter Terrorist Financing (CFT) regulatory requirements, as well as the Bank’s Cannabis Banking Policy. This position serves as a subject matter expert on cannabis related risks, including licensing requirements, ownership structures, transaction patterns, and regulatory expectations. The role supports examiner ready documentation, enhanced due diligence, transaction monitoring, and suspicious activity reporting for cannabis and cannabis related businesses.

• Conduct initial and ongoing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for cannabisrelated customers, including direct (planttouching) and indirect cannabisrelated businesses.
• Review licensing, beneficial ownership, regulatory standing, transaction activity, cash flow, and consistency with the customer’s stated business purpose and risk profile on an ongoing basis.
• Maintain complete, accurate, and welldocumented customer files that support regulatory, audit, and examination review.
• Review automated transaction monitoring alerts and internal referrals related to cannabis customers using the Bank’s AML monitoring systems.
• Investigate unusual or potentially suspicious activity, with heightened focus on cash activity, rapid movement of funds, commingling, thirdparty payments, structuring, and other cannabisrelated risk indicators, and document findings in a clear and defensible manner.
• Escalate identified risks, trends, or concerns to the BSA Officer or manager, as appropriate.
• Prepare timely, complete, and accurate Suspicious Activity Reports (SARs), including clear narratives that reflect a thorough understanding of cannabisspecific risks and regulatory expectations.
• Maintain supporting documentation and investigative workpapers sufficient to demonstrate compliance during regulatory examinations.
• Support cannabisspecific BSA/AML risk assessments, including identification of inherent risks, mitigating controls, and residual risk.
• Assist in the development, review, and maintenance of cannabis banking policies, procedures, and internal controls.
• Participate in regulatory examinations, audits, and independent testing by providing requested documentation, explanations of controls, and responses related to the cannabis banking program.
• Serve as an internal resource for cannabis related AML/CFT questions from frontline staff, operations, lending, and other compliance personnel.
• Assist with the development and delivery of cannabis specific BSA/AML training to ensure staff understand unique risks, red flags, and regulatory expectations.
• Support broader BSA/AML reviews, investigations, and related compliance activities as needed based on team priorities and business needs.
QUALIFICATIONS AND REQUIREMENTS:
• Bachelor’s degree or equivalent experience, plus 35 years of BSA/AML experience within a financial institution, including CDD/EDD, transaction monitoring, and SAR investigations.
• Strong understanding of cannabisrelated AML risks, including cashintensive businesses and complex ownership structures.
• Prior experience supporting a cannabis banking program at a regulated financial institution preferred.
• Professional certification such as CAMS, CFE, or similar AML/compliance designation preferred.
• Experience supporting regulatory examinations conducted by federal or state banking regulators preferred.
• Familiarity with GreenCheck and/or Verafin preferred.
• In depth knowledge of BSA/AML/CFT regulatory requirements and examiner expectations preferred.

WORK ENVIRONMENT: We offer a hybrid schedule, with 4 days in-office and 1 day remote after the initial 90-day period.

COMPENSATION DISCLOSURE:

In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The salary range for this position is $68,000 to $77,000 per year. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

BENEFITS AND ADDITIONAL COMPENSATION:

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including:

• Employerprovided health benefits: medical insurance, dental and vision insurance, disability insurance, life insurance, mental health support services, and wellness program
• Paid time off: vacation days, sick leave, volunteer days
• Retirement plan: 401(k) with employer match
• Other compensation elements: Discretionary annual bonus and overtime pay for nonexempt positions

EOE STATEMENT: CFG Bank is an Equal Opportunity Employer as to all protected groups, including protected veterans and individuals with disabilities. If you require accommodations during the application process, please contact TalentAcquisition@cfg.bank.

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