BSA/AML Analyst I

Bank of Guam

About The Position

In this role, you will be responsible for the day-to-day regulatory reporting requirements including monitoring, investigating and reporting suspicious activity, filing currency transaction reports and filing Office of Foreign Assets Control (OFAC) reports. The work includes responsibility for anti-money laundering (AML) suspicious activity investigations and analysis. You may also perform and review Customer Due Diligence and Enhanced Due Diligence, assessing the risk of new customers to the bank; review alerts; perform Suspicious Activity investigations and when appropriate, prepare Suspicious Activity Reports for filing with FinCEN or the RMI, FSM or Marshall Island government.

Requirements

Able to demonstrate excellent analytical, interpersonal, multi-tasking and written/verbal communications skills.
Must be PC proficient with solid experience in Internet research, Excel, Word, e-mail, power point.
Self-starter, fast learner and team player.
High school graduate or equivalent general education diploma with 2-3 years banking experience preferred in banking AML and compliance position.

Nice To Haves

College degree in banking a plus
ACAMS certification (Association of Certified Anti-Money Laundering Specialists) a plus, but not required.

Responsibilities

Respond to external/internal inquiries (departments) by phone or email as it pertains to CTR’s, SAR’s and BSA/AML reference to training or customer concerns.
Demonstrate brand behaviors through daily interactions with colleagues, coworkers, customers and other employees
Participate and share ideas during department meetings.
Be open to cross-training, collaborating and supporting fellow co-workers with tasks to help meet the needs of the business.
Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
Investigate and assess alerts relating to drug trafficking, money laundering, terrorist financing and other financial crimes via the SAR and High Risk monthly dash board by performing in depth research on both banking systems and other open and closed source systems. Each analyst must complete a minimum daily number of reviews.
SAR Dashboard: 4-5 cases required to complete daily.
High Risk Dashboard: 2-3 cases required to complete daily.
Complete BSA/AML/OFAC training for a minimum of 1 hour on a monthly basis via the weekly wrap up assignments.
Complete a minimum of 10 credit hours of continued education with the Association of Certified Anti-Money Laundering specialist or other industry specific training.
Working alerts to make determinations if case is required, and then to further determine SAR/No SAR decisions as appropriate, and within department and regulatory guidelines. Review system generated alerts, assess impact to AML processes, conduct research as required, and document results in written format.
Write suspicious activity reports, files CTR's, address sanctions alerts, and other applicable AML processes in accordance with regulations and time limitations.
Writing suspicious activity reports as required by the Bank Secrecy Act and related Anti-Money Laundering laws.
All other duties as assigned to support the needs of the Department and/or Business.
Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
Monitors for any suspicious activity and prepares and files Suspicious Activity Report (SAR) as appropriate.
Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends
Complete all bank mandated training.