Currency Transaction Report (CTR) Analyst

Western Alliance Bank • Phoenix, AZ

1d • Onsite

About The Position

As a Currency Transaction Report (CTR) Analyst, you will be responsible for reviewing accounts, customers, and transactions to detect and identify reportable cash transactions. This role involves utilizing various resources, including internal bank teller and imaging systems, as well as external investigative tools. You will perform daily reviews of cash transaction activity, ensure the timely completion and filing of CTRs across all bank areas, and identify and review bank customers for exemption eligibility. The position also entails assisting with the annual review of exempt customers, adhering to bank policy, procedure, and regulatory requirements, and maintaining strict confidentiality. You will monitor higher-risk cash-intensive accounts, escalate unusual activity to management, and collaborate within a team to meet unit goals and deadlines. Additionally, you will establish relationships with key business partners, provide support and guidance to operational areas, assist with BSA-related program implementation, and contribute to special projects and data gathering for audit and regulatory purposes.

Requirements

• 2+ years of related experience in BSA/AML & Financial Crimes or similar field
• Bachelor's degree in related field required
• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
• Intermediate knowledge of Bank Secrecy Act Compliance and familiarity and understanding of CTRs, SARs, OFAC, MIRs, 314(a) and (b)
• Intermediate knowledge of bank products including deposit, lending, ACH, ATM, RDC and correspondent banking
• Ability to meet regulatory deadlines with a sense of urgency while maintaining a high level of professionalism
• Intermediate speaking and writing communication skills

Nice To Haves

• Certified Anti-Money Laundering Specialist preferred

Responsibilities

• Review accounts, customers and transactions in order to detect and identify reportable cash transactions
• Use various resources in the review, including internal bank teller system, imaging systems as well as external investigative tools
• Perform daily reviews of cash transaction activity and the timely completion and filing of CTRs across all areas of the bank
• Identify and review bank customers to determine eligibility for exemption
• Assist with annual review of exempt customers and adhering to bank policy, procedure and regulatory requirements
• Maintain a strict level of confidentiality
• Assist with the monitoring of higher risk cash intensive accounts and escalate any unusual activity to appropriate management
• Work in a team oriented and collaborative environment to ensure overall unit goals and deadlines are met
• Establish working relationships with key business partners across all lines of business
• Provide support and guidance to bank’s operational areas
• Assist with implementation of BSA related programs for the bank
• Assist with special projects and data gathering for audit and/or regulatory purposes
• Assist with internal audit and federal regulatory examinations

Benefits

• Competitive salaries
• An ownership stake in the company
• Medical and dental insurance
• Time off
• A great 401k matching program
• Tuition assistance program
• An employee volunteer program
• A wellness program
• Opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees