AML Analyst

Suncoast Credit Union•Tampa, FL

1d•Remote

About The Position

The AML (Anti Money Laundering) Analyst investigates suspicious activity on members’ accounts in compliance with the Bank Secrecy Act, Anti-Money Laundering, and Patriot Act. This individual plays a critical role in protecting Suncoast Credit Union from legal, regulatory, and reputation risks. An ideal candidate is a highly motivated, collaborative, independent individual with excellent analytical skills.

Requirements

Bachelor's degree in business administration, finance, or a related field (A comparable combination of work experience and training may be substituted for education requirements.)
2+ years of experience with a financial institution; preferably in the areas of BSA, AML, or fraud investigation
Certified Bank Secrecy Act Professional ™ (CBSAP) is preferred or must be obtained within one year of the start date
Proficient understanding of legal and court processes
Ability to explain facts, policies, and practices
Ability to prioritize tasks, deal effectively with competing and changing priorities to meet deadlines
Accurate, detail-oriented, and organized with task management
Effective written, verbal, and interpersonal communication skills to interact with members, staff, vendors, and government regulators
Ability to analyze and resolve difficult and often complex problems or situations
Strong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulators
Strong knowledge and understanding of credit union products, services, policies, and procedures
Strong knowledge and understanding of regulatory compliance
Strong knowledge and understanding of credit union computer systems and software applications required to perform job duties

Nice To Haves

Certified Bank Secrecy Act Professional ™ (CBSAP) is preferred

Responsibilities

Investigate moderate to complex cases of suspicious activity on member accounts to protect the credit union from external criminal activity with primary focus on Money Laundering, Patriot Act, and Bank Secrecy Act issues
Prepare referrals for accounts that require escalation due to AML risk
Review, analyze, and evaluate high risk member/business information, transactional information, and third-party vendor provided information to assess AML risk
Validate risk scoring criteria for member and business account profiles
Conduct reviews of data analysis from automated monitoring system, referrals, reports, and workflows to detect AML/Terrorist Financing activity
Conduct member interviews
Obtain and review evidence, exhibits, photographs, and other information through internal documentation, internet resources, law enforcement agencies, and public records
Assist in the coordination and preparation of documents for law enforcement
Complete written analysis and investigative reports to recommend disposition of cases including the collection, preparation, and preservation of evidence
Prepare Suspicious Activity Reports (SARs) in compliance with established regulatory guidelines and timeframes
Respond to emails received to BSA/AML email from various entities within the credit union
Assist other credit union staff with questions and information requests related to cases of terrorist financing and money laundering
Complete operational tasks/duties including but not limited to sending letters to members, reviewing, and evaluating transactions to identify AML/Terrorist financing trends, placing restrictions on accounts as necessary, researching and analyzing accounts on behalf of internal staff, and restriction removal requests
Assist with additional operational tasks as needed by management
Maintain required performance standards for quality, communication, promptness, and identifying AML/Terrorist financing trends
Maintain a current understanding of the USA Patriot Act, Bank Secrecy Act, Office of Foreign Assets Control (OFAC), and related laws and regulations
Uphold Suncoast Credit Union’s culture, vision, and core values
Participate in team meetings and projects by providing ideas for department improvements and efficiency opportunities
Must maintain a high level of confidentiality
Maintain knowledge and understanding of current trends, laws, and issues affecting the area of expertise
Attend educational events to increase professional knowledge
Complete annual compliance and info security training to understand employees' role in maintaining effective compliance and security programs