AML/BSA Analyst

Job Overview

This AML/BSA analyst is responsible for supporting the organizations compliance with the Bank Secrecy Act, USA Patriot Act, OFAC, and all other applicable anti-money laundering laws (collectively the AML/BSA program).  This individual will support the AML/BSA compliance functions with focus on  transaction monitoring, due diligence reviews, and regulatory reporting. This role is within the Compliance team within Risk Management.

The successful candidate will have a working knowledge of regulations affecting financial institutions, anti-money laundering & Bank Secrecy Act programs, account titling and CIP requirements, account opening procedures, and other directives surrounding sound banking practices.   

Responsibilities

·    Responsible for ensuring compliance with the Bank Secrecy Act, USA Patriot Act, OFAC, and all other applicable laws. Confirms and assists with policies and procedures to ensure adequacy and effectiveness in combatting money laundering.

·       Responsible for reviewing of transaction monitoring scenarios over monitoring cash, ACH, Bill Pay, Cashier’s Checks, and Wire Transfer transactions.  Where required support the tuning exercise of the transaction monitoring application.

·       Responsible for reviewing, investigating, and decisioning on potential AML/BSA/OFAC violations. Where required reporting matter to proper authorities (e.g., FinCEN, IRS, OFAC, etc.). 

·       Provide colleagues with guidance in determining when transactions require completion of any regulatory filings (e.g., CTR, SAR, etc.).  Individual will support completion of filings in a timely and accurate manner. 

·       Support the customer onboarding process (i.e., Know Your Customer) with providing proactive and reactive advice regarding  the customer identification program, customer due diligence, and enhanced due diligence.

Individual may support compliance reporting activities (e.g., risk assessment, reports to the Board of Directors, etc.)

·       Individual may support BSA/AML/OFAC regulatory queries which may include314 requests, regulatory exams or audits. 

·       Provide additional support to the Risk Management department (i.e., disaster recovery, Fraud, Audit, Legal) as required.

Qualifications and Education Requirements

·       2 years AML/BSA, Compliance, Audit, and/or Financial Industry experience. 

·       Knowledge of credit union regulations

·       Bachelor’s Degree with a focus on business or criminal justice.

Certified Anti-Money Laundering Specialist (CAMS) designation from ACAMS is a plus.

·       Microsoft Office

Additional Skills/Notes

·       Must have excellent communication, organizational, and problem-solving skills required.

·       Successful candidate will have strong analytical skills.

Ability to work independently as well as part of a team.

·       Ability to maintain extreme confidentiality regarding all activities.

·       Knowledge of compliance testing and/or audits is a plus.

Performance Measurements

Performance is based on the Citadel corporate scorecard as well as departmental and individual goals. 

 

Work Environment

Individual will be required to work in an office setting as well as those conducive to the financial services industry.  This may involve standing, sitting, and walking around retail/administrative facilities.  Individual can expect to work in a fast-paced environment which is constantly evolving.  They will have a significant amount of interaction with customers, many of whom may be upset and/or agitated because of their situation.  Candidate will spend a significant amount of time assessing information contained in on-line and hard-copy reports.  Reasonable accommodatio