BSA/AML Analyst
About The Position
This position is for a BSA/AML Analyst at Ford Credit Bank, a de novo Utah industrial bank. The role is part of the second line of defense, responsible for transaction monitoring, customer due diligence, and investigations to ensure regulatory compliance. Ford Credit Bank aims to create innovative and simplified banking solutions for financing Ford vehicles and offering competitive rates on savings accounts. The bank is a subsidiary of Ford Motor Credit Company, which is an indirect wholly owned subsidiary of Ford Motor Company. The company has a long-standing commitment to helping customers finance vehicles and is focused on transforming the future of mobility. The BSA/AML and Sanctions Team plays a crucial role in the bank's risk management framework, fostering a culture of compliance and ensuring adherence to laws and regulations. The analyst will be instrumental in addressing emerging regulatory challenges and technological advancements.
Requirements
- Bachelor’s degree preferred or equivalent banking experience
- Requires 2+ years of experience in BSA/AML or Fraud related work in banking or financial services
- Strong investigative skills, including familiarity with public record research and database tools
- Demonstrated transaction analysis skills that apply across numerous financial products in complex scenarios
- Familiarity with relevant BSA/AML laws and regulations as well as industry best practices
- Written communication skills that show focus to details and accuracy
- Good organizational and time management skills
- Expertise in Microsoft products, such as Excel, Word, PowerPoint
Nice To Haves
- Certification, or working towards certification, from the Association of Certified Anti-Money Laundering Specialists (ACAMS)
- Experience with Fiserv banking applications, such as DNA and Financial Crimes Risk Management (FCRM)
- Experience working for a fully online or virtual bank
- Understanding of direct or indirect auto lending bank products
- Strong project reporting skills, with a focus on interdepartmental communication
Responsibilities
- Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank’s AML Program.
- Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable.
- Independently conduct comprehensive investigations on confirmed screening matches and potential suspicious activity related to money laundering, fraud, or terrorist financing.
- Write suspicious or not-suspicious memos, and recommend when to file Suspicious Activity Reports (SARs).
- Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements.
- Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests.
- Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”).
- Contribute to projects to improve and optimize the Bank's AML Program.
- Collaborate with Business Operations, Risk, Cyber, and other teams within Ford Credit Bank.
Benefits
- Immediate medical, dental, vision and prescription drug coverage
- Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
- Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
- Vehicle discount program for employees and family members and management leases
- Tuition assistance
- Established and active employee resource groups
- Paid time off for individual and team community service
- A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
- Paid time off and the option to purchase additional vacation time.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
