AML/CFT Analyst

CalPrivate Bank•San Diego, CA

19d

About The Position

Assists AML/CFT Officer with implementation of the Bank’s AML/CFT/BSA/OFAC program, 2020 AML Law, OFAC, CIP, and CFT policies and reporting. Responsible for monitoring, investigation of account activity, identification of suspicious activities and regulatory reporting. Evaluates and analyzes the information uncovered during the investigation and reports findings to AML/CFT Officer.

Requirements

5+ years AML and/or compliance experience or equivalent
5+ years of audit or bank operations experience
10+ years of banking experience
Current knowledge of the laws and guidance applicable to money laundering, including the 2020 AML Law, BSA, USA PATRIOT Act, US Treasury AML/CTF guidelines, FATF, and OFAC.
Excellent organizational and time management skills
Strong research skills and analytical abilities
Report writing and strong technical skills
Sound judgment and critical thinking skills
Advanced MS Excel skills
Comprehensive understanding of general banking operations activities, products and services
Assists in special projects and tasks for the department
Good mathematics, reasoning, oral comprehension skills
Excellent oral and written communications skills

Responsibilities

Conduct detailed investigations and analysis of customer transactions, identifying potential money laundering, fraud, or other suspicious activities.
Ensure compliance with AML/CTF laws.
Responsibilities include analyzing complex data and providing insights to AML/CFT Officer.
Conduct investigations by utilizing the bank’s resources: i.e. system software, reports, database, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity.
Collect, document, research and compile investigation data (e.g. media search results, copies of statements/checks, results from internal system and internet searches etc.); prepare case files for reporting.
Review monthly/quarterly cash reports for potential suspicious cash related activity
Thoroughly document and report SAR and No-SAR investigations; obtain requisite internal approvals; ensure timely preparation and filing of reports.
Execute higher risk customer enhanced due diligence and reviews
Investigate, prepare and file suspicious activity reports
Complete assigned AML/CFT software alert reviews in an accurate and timely manner
Validate/change risk ratings based on review of KYC and CIP performed by branch personnel and report to AML/CFT Officer any deviation or change
Utilize all resources including account transactional data, AML/CFT software metrics, alerts, historic behaviors, make determinations of irregular activity through understanding of industry norms, business types, and regulatory definitions of suspicious activity.
Document findings and support narratives in all EDD reports
Maintain, manage and control an updated EDD log and compare to AML/CFT software reviews
Prepare, and submit CDD/EDD reviews to AML/CFT Officer for review and sign off
Review daily core system, AML software cash reports to identify CTR filings.
Involvement in cash vault process to maintain awareness of client base utilizing service and impact on CTR reporting
Research and creates reports for management to respond to information requests from FinCEN and other government entities
Monitors, inform and report to management any issues with AML/CTF software system
Report to AML Officer monthly activity metrics