BSA/AML Analyst II

Position Summary:

Participates in day-to-day implementation of Bank's compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) programs. Takes initiative and assumes leadership in relevant processes.

Position Responsibilities:

Be a part of the team that is responsible for the following:
Ensures compliance with the Anti Money Laundering, Know Your Customer, OFAC/Sanctions and other regulatory requirements.
Remains proficient in automated or manual systems used to detect suspicious activity and identify list matches.
Performs Enhanced Due Diligence and Know Your Customer (KYC) reviews.
Performs transaction analysis of customer activity in a transaction monitoring system and via manual reports.
Identifies trends of suspicious financial activity; monitors and researches suspicious financial transactions.
Facilitates suspicious activity investigations.
Completes Suspicious Activity Reports (SARs) and SAR follow-ups.
Reviews CTRs for proper completion.
Processes 314(a) information requests
Assists with submission of SARs and CTRs to FinCEN, tracks regulatory timelines.
Interacts with Branch Personnel to obtain copies of account and customer information related to CIP and Enhanced Customer Due Diligence.
Develops financial product, system, and process knowledge relating to anti-money laundering and Sanctions compliance.
Remains updated on regulatory changes and court rulings as they relate to BSA, OFAC, AML, and consumer compliance regulations.
Prepares analytics and reports to senior leadership.
Attends job related seminars and workshops as needed.
Possesses a strong working knowledge of business line operating practices and policies; and maintains strong working relationships with appropriate industry groups and governmental agencies. Position will work closely with Line of Business representatives, Legal, Risk & Compliance, Audit, Human Resources, vendors and law enforcement.
Assists with any projects assigned to the Risk and Compliance Department.
Performs other functions as required by the team's priorities or assigned by the management.
Be able to perform duties and prioritize tasks with minimal supervision.
Demonstrate initiative in addressing the needs of the team.
Provide leadership and guidance to junior staff.

Essential Skills and Experience:

Bachelor's degree or equivalent of relevant work experience
Industry certification such as CAMS, CRCM, CFCS is preferred
Working knowledge of AML rules and regulations
Hands-on experience with KYC, AML and OFAC monitoring software
Minimum of 3 years of working in AML function
Good understanding of banking operations and types of transactions
High work ethics
Must be skilled at problem identification and resolution
Strong verbal and written communication skills
Excellent organizational and time management skills
Able to work independently and multitask as needed, with limited supervision
Ability to deal effectively and tactfully with Bank personnel of other departments either in person or over the phone
Ability to operate a PC and working knowledge of Microsoft Office products

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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