AML QC Analyst

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. 

OVERVIEW 

The AML QC Team will focus on conducting Quality Control (QC) reviews on the outcomes of triaged AML alerts and completed AML investigations; the QC team is responsible for filing any necessary Suspicious Activity Reports (SARs) to the Financial Crimes Enforcement Network (FinCEN). This team ensures adherence to internal bank policies as well as regulatory requirements pertaining to Bank Secrecy Act/Anti Money Laundering and the Office of Foreign Assets Control (BSA/AML & OFAC). The AML QC Analyst is responsible for conducting ongoing, scheduled QC reviews for Coastal Community Bank’s (CCB) AML functions. 

Requirements

RESPONSIBILITIES TO INCLUDE 

• Conduct Quality Control audits on team workflow processes and their timeliness, and prepare summaries for management team regarding QC reviews, including observations and recommendations. 
• Identify trends and/or typologies within QC reviews of deficiencies in the AML review and documentation process, and recommend enhancements based on trends in QC data. 
• May partner with the AML QC Manager and Risk Operations leadership on the development of written procedures and processes to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments. 
• Adhere to defined SLA timelines. 
• Provide internal service in accordance with Coastal Core Values. 

QUALIFICATIONS  

• Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations. 
• Ability to explain BSA concepts with confidence: AML, Customer Information Program (CIP), KYC, Customer Due Diligence (CDD), EDD, OFAC, Suspicious Activity Reporting (SAR). 
• Ability to develop, create and improve systems, structures, and processes. 
• Strong analytical skills and ability to resolve complex problems with minimum guidance. 
• Strong attention to detail and accuracy, strong research skills from all available sources. 
• Effective time management, planning and organizational skills. 
• Ability to manage multiple tasks/projects and deadlines simultaneously. 
• Strong verbal and written communication skills. 

EDUCATION/EXPERIENCE 

• 3-5 years of previous financial institution experience with a significant emphasis in the area of anti-money laundering compliance, consumer compliance, audit/bank operations and/or equivalent experience. 
• 1-2 years of experience in audit, quality control/quality assurance preferred, or equivalent experience. 
• Certified Anti Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or willingness to obtain certification. 
• Strong knowledge of the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control requirements. 
• Experience with Microsoft suite of products to include Outlook, Word and Excel. 
• Intermediate Excel capabilities   

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 is proud to be an equal opportunity employer.? All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, d