AML Operations Analyst II

Job Type Full-time Description

ABOUT US

Coastal Community Bank is a leader in Banking with strong financial infrastructure leading Banking as a Service (BaaS) and Fintech strategies. The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential. We think and work like entrepreneurs, always moving and constantly improving. We are go-getters, work hard, and play hard. If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here.

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WHAT YOU'LL DO

The AML Operations team reviews alerts from OFAC, 314a and other watchlist screening. They are responsible for responding to CIP/OFAC exception/review inquiries. Analysts conduct cash analysis of customers considered for CTR exemption and assists the AML Operations Team Manager with reviews/analysis to determine customers CTR exemption designation and ongoing eligibility. Analysts may assist with the implementation of new fintech partners. 

Requirements

HOW YOU'LL DO IT

· Ensure the timely processing of OFAC/314a/PEP alerts, escalations, and quality control. 

· Complete annual reviews of CTR exempt customers.

· May serve as FinCEN point-of-contact.

· Actively develop knowledge of Bank Secrecy Act, USA PATRIOT ACT, KYC, CDD, EDD, and OFAC typologies.

· Adhere to defined SLA timelines. 

· Follow and comply with all regulatory and compliance regulations.

· Stay abreast of industry standards and developments in the areas of KYC, AML, and OFAC, and apply regulatory requirements and internal policies to your analysis.

· Participate in continuing education to maintain and/or enhance job performance.

· Cross train and knowledge share with all Financial Crimes teammates.

· Assist with special projects within the department as needed.

· Provide service in accordance with Coastal Core Values.

WHAT YOU'LL BRING

· Thorough knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations.

· Ability to explain concepts with confidence: AML, CIP, KYC, CDD, EDD, OFAC, SAR.

· Ability to develop, create and improve systems, structures, and processes.

· Ability to observe strict confidentiality requirements.

· Strong analytical skills and ability to resolve complex problems with minimum guidance.

· Strong attention to detail and accuracy.

· Effective time management, planning and organizational skills.

· Ability to manage multiple tasks/projects and deadlines simultaneously. 

· Is a self-starter that requires little to no prompting from supervisors. 

· Strong verbal and written communication skills.

· Strong research skills from all available sources.

EDUCATION/EXPERIENCE

· 3-8 years of previous banking experience with a significant emphasis in the area of anti-money laundering compliance, consumer compliance, audit or bank operations. 

· Bachelor's degree and/or equivalent experience.

· CAMS, CFE, or equivalent or willingness to obtain certification. 

· Ability to develop and/or enhance AML operating processes to achieve high levels of effectiveness.

HOW YOU’LL THRIVE AT COASTAL

· Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.

· Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

· Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

· Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.

· Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

· Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal Community Bank is an equal opportunity employer. We are committed to providing a wor