Anti-Money Laundering Operations Analyst

Umpqua Bank Corp•Irvine, CA

55d•$25 - $30•Onsite

About The Position

The AML Operations Analyst role is to support the operational aspects of the Bank's AML, BSA and sanctions compliance program, managed by the Financial Investigations Department (FID). They are expected to meet the identified operational needs of the program, including performing various operational tasks, government reporting, sanctions screening, and continuous support of Anti-Money Laundering Investigations (AMLI) and Enhanced Due Diligence (EDD) teams within FID.

Requirements

H.S. Diploma/GED. Required
2 years of financial institution experience. Required
Basic understanding of the requirements of the Bank Secrecy Act and USA PATRIOT Act and Office of Foreign Assets Control
Familiarity with filing Currency Transaction Reports, 314(a) screening, and OFAC screening.
Possess strong analytical and problem-solving skills, with ability to gather, organize and interpret data and/or information, and formulate preliminary conclusions.
Ability to work effectively with minimal supervision and tight deadlines.
Working knowledge of Microsoft Office suite
Ability to exercise good judgment in assessing risk.
Ability to maintain confidentiality and adhere to security procedures.
Demonstrate strong communications skills, written and verbal and interpersonal skills to interact with a wide range of individuals and situations with tact, diplomacy, and discretion.

Nice To Haves

Bachelor's degree in business, business management, criminal justice, accounting, or related field. Preferred
2 years of BSA/AML/OFAC, Compliance, Audit or Bank Operations experience. Preferred

Responsibilities

Prepare and file Currency Transaction Report
Analyze CTR information and Monetary Instrument Logs (MIL) and gather additional required data for recordkeeping purposes.
Organize, analyze, and present data related to the Bank Secrecy Act, USA PATRIOT Act, and OFAC
Monitor email and extract data for compliance with the BSA, USA Patriot Act and the rules of OFAC
Develop a basic knowledge of bank laws and regulations
Assist with gathering, processing, and coordinating the Bank's BSA, AML, and OFAC data to help ensure compliance with the BSA
Assist with compliance exams by gathering files, records, and other pertinent information for review by compliance examiners
Review, document, and respond to potential 314(a) matches.
When necessary, assist with the account closure process.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become "Business Bank of Choice"
May perform other duties as assigned.

Benefits

We offer a competitive total rewards package including base wages and comprehensive benefits.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

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