BSA/AML Compliance Analyst - To 75K - Los Angeles, CA - Job 3755

The Symicor Group•Los Angeles, CA

6d•$75,000•Onsite

About The Position

Our bank client is seeking to fill a BSA/AML Compliance Analyst role in the Los Angeles, CA area. The position is responsible for performing BSA/AML activity monitoring, analytics, and reporting. This position offers a competitive salary of up to $75K and a full benefits package. (This is not a remote position)

Requirements

5+ years of related experience with emphasis on BSA transaction monitoring;
Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
Strong analytical skills are required to organize and analyze multiple complete data sets, as well as strong interpersonal and organizational skills.
Excellent attention to detail and “follow-through” skills;
Strong technical and research skills and Excel skills;
Excellent writing, analytical, and communication skills;
Ability to understand and draw conclusions from research conducted;
Must have an ongoing sense of urgency and a high level of flexibility;
Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
PC proficiency with Microsoft Office products, including Word and Excel, and knowledge of Database and Internet software.

Nice To Haves

CAMS or CRCM certification is preferred.

Responsibilities

Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.
Assist in investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
Administer essential workflow functions such as monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.
Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.
Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
Assist in and perform investigations into cases referred by Bank personnel for unusual activity and document findings accordingly.
Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues, assessing impact on the Bank, and implementing the changes.
Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
Assist in providing training and support as needed.
Perform other duties as assigned.