Currency Transaction Report (CTR) Analyst

Western Alliance Bank•Phoenix, AZ

About The Position

As a Currency Transaction Report (CTR) Analyst you'll review accounts, customers and transactions in order to detect and identify reportable cash transactions. You'll use various resources in the review, including internal bank teller system, imaging systems as well as external investigative tools. You'll perform daily reviews of cash transaction activity and the timely completion and filing of CTRs across all areas of the bank and 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 and maintain a strict level of confidentiality. Assist with the monitoring of higher risk cash intensive accounts and escalate any unusual activity to appropriate management and 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 and provide support and guidance to bank’s operational areas and assist with implementation of BSA related programs for the bank. Assist with special projects and data gathering for audit and/or regulatory purposes and assist with internal audit and federal regulatory examinations.

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.
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 and 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 and provide support and guidance to bank’s operational areas and assist with implementation of BSA related programs for the bank.
Assist with special projects and data gathering for audit and/or regulatory purposes and assist with internal audit and federal regulatory examinations.