AML Quality Control Senior Analyst

Western Alliance Bank•Phoenix, AZ

About The Position

The Senior AML Quality Control Analyst conducts quality control reviews for an enterprise-wide program designed to ensure compliance with BSA/AML/OFAC policies and procedures and support KYC, Corporate Security, and other second-line activities. Under the direction of the FCC Quality Control Manager, the analyst independently reviews Financial Crimes Compliance (FCC) processes and work product for policy and procedure compliance and effectiveness as part of ongoing second-line testing. The analyst collects, analyzes, tests, and reports review results; documents and escalates findings; advises business lines on compliance and procedural issues; and independently validates corrective actions taken by business units. The role also supports internal and external audits, regulatory examinations, reports, special projects, and the development or revision of procedures, methods, and forms related to KYC, AML, BSA, and Corporate Security.

Requirements

Five or more years of BSA/AML/OFAC/Fraud compliance experience, with a focus on testing or audit-related experience.
Bachelor's degree or equivalent experience required.
Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, or other commercial banking products and services.
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
Intermediate to advanced knowledge of BSA/AML/KYC regulations and best practices, including KYC, CIP, EDD, transaction monitoring, OFAC, and fraud.
Knowledge of transaction types across commercial and consumer products, including deposits, lending, ACH, ATM, RDC, and correspondent banking.
Intermediate computer skills, including Microsoft Office applications and Excel formulas.
Intermediate experience using transaction-monitoring and/or case-management systems or software.
Strong organizational, communication, and interpersonal skills, including the ability to work with all levels of management.
Ability to identify and communicate issues using Excel worksheets, written reports, and verbal discussions.
Ability to interpret documented processes and related FCC, operational, and lending policies or procedures.
Senior Analysts must be able to obtain CAMS certification within two years.

Nice To Haves

Bachelor's degree in a related field.
CAMS certification.

Responsibilities

Conduct quality control testing of Financial Crimes Compliance processes and work product for policy and procedure compliance and effectiveness.
Collect, analyze, test, and report the results of quality control reviews.
Identify, document, communicate, and appropriately escalate compliance or procedural findings.
Advise lending, operations, support areas, and other lines of business on compliance and procedural matters.
Independently validate that business-unit corrective actions properly address identified exceptions.
Assist the FCC Quality Control Manager with activity reports, audit materials, regulatory examination preparation, and special projects.
Support FCC management in developing and revising procedures, methods, and forms related to KYC, AML, BSA, and Corporate Security.
Complete other duties or responsibilities assigned by the FCC Quality Control Manager.