Compliance Analyst - Transactional Analysis

Flagstar Bank-posted about 1 year ago
Full-time
Hicksville, NY
Credit Intermediation and Related Activities
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The Compliance Analyst - Transactional Analysis is responsible for maintaining the Bank's Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) program. This role involves scrutinizing alerts from the transaction monitoring system to identify and report suspicious activities, ensuring compliance with federal and state regulations, and mitigating risk exposure to the Bank. The analyst will perform in-depth research and detailed account analysis, complete Suspicious Activity Reports (SARs), and assist in mentoring team members.

  • Perform analysis and complete dispositions on cases for potentially suspicious activity related to money laundering and terrorist financing.
  • Compile case files with required supporting documentation for each investigation.
  • Ensure timely completion of all investigation cases.
  • Complete Suspicious Activity Reports (SARs) in accordance with FinCEN's guidance and regulations.
  • Refer for account closure where appropriate.
  • Engage in additional assignments as directed by management.
  • Attend and participate in team/department staff meetings and continuing education training.
  • Acquire and maintain working knowledge of compliance, regulatory, and business unit policies and procedures.
  • Ensure compliance with applicable federal, state, and local laws and regulations.
  • Complete all required compliance training.
  • Maintain knowledge of and adhere to internal compliance policies and procedures.
  • Document and resolve discrepancies in customer information with branch personnel and management.
  • Mentor and coach other team members.
  • Use independent judgment and discretion to make decisions.
  • Perform special projects and additional duties as required.
  • Undergraduate Degree (4 years or equivalent) in Finance, Accounting, Business Management, or Criminal Justice or equivalent work experience.
  • Three to five years of experience in BSA/AML performing alert/case financial investigations.
  • ACAMS Certification or CFCS.
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