Compliance Analyst

National Advisors Brand•Leawood, KS

23h•Hybrid

About The Position

The Compliance Analyst plays a key role in supporting NAT’s enterprise risk management (ERM) function. Reporting to the BSA/AML Officer, this position serves an integral role in ensuring implementation of and adherence to the organization’s Compliance and BSA/AML programs’ framework, policies, and procedures to meet regulatory requirements and industry best practices. This position requires an understanding of trust relationships as well as knowledge of Compliance regulations and Bank Secrecy Act / Anti-Money Laundering / Countering the Financing of Terrorism & Office of Foreign Assets Control (BSA/AML/CFT & OFAC) laws and regulations.

Requirements

Excellent verbal and written communication skills.
Strong attention to detail with excellent analytical skills and the ability to exercise independent judgment consistent with procedures.
Flexibility to work independently and in conjunction with other team members in an office and/or remote work environment.
Ability to organize and prioritize workflow to meet deadlines.
Ability to maintain confidentiality.
Ability to adapt to changing regulations.
At least one year of experience in Banking, Trust, Compliance, and/or BSA/AML.
Strong understanding of banking operations (ACH, wire, etc.).
Must be able to work in a risk-based culture and to identify compliance issues.
Proficient in Microsoft Office applications (Word, Excel, PowerPoint, and Outlook).

Nice To Haves

Associate or bachelor’s degree in a related field (banking, finance, etc.).

Responsibilities

Assist in the review and disposition of Customer Identification Program (CIP) failures and watchlist alerts.
Assist in the review and approval of new account BSA/AML Checklist Packets.
Assist in the review and approval of outgoing international wires.
Assist in the review and OFAC check of new unique assets.
Lead the BSA/AML Team’s efforts in the daily scrub of NAT’s customer base for potential OFAC matches and the monthly scrub for potential Politically Exposed Persons (PEP) and Section 311 matches; review and disposition of any potential matches.
Lead the BSA/AML Team’s efforts in the review of new accounts as they age to 90 days for appropriate documentation of CIP and Customer Due Diligence / Enhanced Due Diligence (CDD/EDD) information as well as comparison of anticipated vs. actual transaction activity.
Lead the BSA/AML Team’s efforts in the annual comprehensive reviews of Moderate Risk accounts; review of CIP information, CDD/EDD information, transaction activity, and other pertinent information to make risk-based conclusions of reasonability of account status and activity.
Execute compliance monitoring and testing in accordance with the Compliance Program Testing Plan.
Follow the methodology of routine testing that is conducted monthly, quarterly, and annually.
Analyze testing results, prepare summary reports, and communicate findings to stakeholders.
Identify and document control gaps, observations, and potential compliance risk.
Testing activities may include: B2B & B2C Fee Calculations, Fee Schedules, and Fee Blocks, Business Continuity Plan (BCP), Custody Accounts, Demand Deposit Marketplace, Disbursements / Distributions, Estate Planning, Logical & Physical Security & Controls, Trust Accounts, Ad-Hoc testing on a risk-based approach.
Administration of Compliance Training.
Regulatory Exam Support.
Onboarding / Offboarding Access.
Vendor & Counterparty Management.
Actively seek to expand professional education and individual skills through research, external/internal training, and collaboration with peers.
Adhere to all internal and external regulatory requirements, standards, policies, and procedures.
Compliance with BSA/AML & OFAC related laws and regulations as they apply within the scope of this position, including but not limited to, prompt completion of required Compliance and BSA/AML/OFAC training.
Additional duties and special projects as needed.