BSA/AML Analyst I

UMB Bank • Kansas City, MO

1d

About The Position

The Anti-Money Laundering Group protects the bank from being exploited for laundering money or financing terrorism by designing and overseeing a system of controls to detect and report this activity. This team oversees the bank's compliance with requirements set forth in the Bank Secrecy Act (BSA) and the USA Patriot Act (USAPA) as well as sanctions set by the Office of Foreign Asset Control (OFAC). As the BSA/ AML Analyst, you will be responsible for identifying and investigating customer transactions that represent an increased risk for money laundering or terrorist financing, primarily utilizing an automated surveillance system. This position requires preparation of clear and concise dispositions on daily alerts and on reports that detail any suspicious activity detected and/or rationale for why activity is not suspicious. Being a UMBer is unlike working at any other company. You are not only valued for the work that you do, but who you are. You’ll be encouraged to bring your whole self to work, being valued for exactly who you are. You’ll also have the opportunity to serve your community alongside your team. At UMB, we do big business, but we don’t forget that the little things matter the most. How you’ll spend your time: Performing customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer. Preparing of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship.

Requirements

• Associate degree or two year of industry relevant experience.
• Industry relevant experience is defined as financial institution positions of a frontline, customer contact, operational, compliance and/or fraud investigation nature

Nice To Haves

• UMB core system navigation
• AML surveillance system navigation

Responsibilities

• Performing customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer.
• Preparing of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship.

Benefits

• UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits.
• Benefit offerings and eligibility requirements vary.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree
• Number of Employees: 1,001-5,000 employees