Associate, FinCEN 314(a) Analyst
About The Position
CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach. CFSB is seeking a detail-oriented and proactive FinCEN 314(a) Analyst to join our Financial Intelligence Unit (FIU) within the Compliance Department. CFSB offers a full range of banking services including ACH settlement services, pre-paid card issuance, and retail banking. In addition to serving our general customer base, we also service various types of money service businesses and FinTech companies. This role is critical in ensuring that CFSB effectively complies with FinCEN 314(a) requirements. The FinCEN 314(a) Analyst will review and disposition of potential 314(a) matches and assist with investigating these matches. The ideal candidate will have sufficient background in financial crime compliance, and a keen eye for detail.
Requirements
- Intermediate knowledge of FinCEN 314(a) requirements, anti-money laundering (AML) regulations, and related compliance frameworks.
- Intermediate analytical and investigative skills with the ability to handle sensitive information and maintain confidentiality.
- Ability to achieve and/or exceed both production and quality expectation.
- Strong organizational and time management skills, with the ability to manage multiple priorities effectively.
- Strong written and verbal communication skills, with the ability to present information clearly and effectively.
- Ability to adapt to evolving priorities in a dynamic regulatory and operational environment.
- Ability to work both independently and collaboratively in a team environment.
- High school diploma required, with some college coursework completed.
- Minimum of 2 years of experience in Compliance, Audit, or Internal Controls; with a minimum of 4 years of experience in the Banking Industry.
- Intermediary Financial Crimes and AML/BSA regulatory knowledge.
- Sufficient experience with financial services industry risks, fraud typologies, and regulations, including familiarity with fintech partnerships and payment systems.
- Intermediary with Microsoft Office Suite (Excel, PowerPoint, Word), Outlook and Teams.
Nice To Haves
- Professional certification (e.g., CAMS, CFE) is a plus.
- Understanding of Bank Operations, Payments Services, and overall financial services ecosystem.
- Experience with correspondent banking is strongly preferred; former experience working with fintech partnerships helpful.
Responsibilities
- Ensure timely and accurate review and disposition of potential matches received from FinCEN under Section 314(a) of the USA PATRIOT Act.
- Consistently meet and/or exceed production and quality expectations.
- Assist in investigating identified matches to determine the validity and potential risk associated with the activity.
- Maintain and update investigation workflows, ensuring that all necessary documentation is accurately recorded and stored in accordance with company policies.
- Ensure thorough documentation of investigative findings and prepare comprehensive reports, including Suspicious Activity Reports (SARs) for submission to FinCEN and other regulatory bodies as required.
- Assist in analyzing trends and patterns in 314(a) matches to identify areas for process improvement and operational efficiency.
- Communicate effectively with the FinCEN 314(a) team regarding status, emerging issues, and recommended actions related to the FinCEN 314(a) process.
- Stay updated on regulatory changes and AML/BSA typologies, ensuring processes remain aligned with evolving compliance requirements.
- Participate in special projects and initiatives to enhance the 314(a) process and address other FIU priorities as needed.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
