Financial Crimes Unit Analyst
About The Position
The FCU Analyst is responsible for supporting the FCU Department by assisting in monitoring, reviewing, maintaining, and improving the Bank’s Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML)/Office of Foreign Assets Control(OFAC) and overall Compliance Program to ensure compliance with applicable bank laws and regulations. The FCU Analyst assists in identifying and mitigating money laundering risk by conducting daily reviews of system alerts. The Analyst understands and follows aspects of the Bank Secrecy Act, Treasury Department’s regulations, and the USA PATRIOT Act and assures Bank policy and procedures are followed. The FCU Analyst reviews, researches, and analyzes customer account activity for suspicious activity for potential money laundering or other illegal activity as it relates to Suspicious Activity Reports (SARs).
Requirements
- Minimum 1-3 years of AML Banking or Financial experience preferred
- Previous experience with banking/retail transactions desired
- Working knowledge of Windows-based computer systems and Microsoft Office with an emphasis on creating and editing Excel spreadsheets and PowerPoint presentations
- Excellent verbal and written skills; ability to communicate effectively
- Must be proactive, self-motivated and a self-starter
- Possess the ability to manage multiple and changing priorities, while meeting regulatory and internal deadlines
- Must be a team player and have the ability to communicate with people at all levels of the bank
- Strong sense of integrity and personal ethics
- Core system and AML software. Experience with Fiserv Systems and AML Manager or Fraud Manager is desirable.
- Knowledge of Bank Secrecy Act and Anti Money Laundering regulations including OFAC regulations and USA PATRIOT Act; this position requires experience actually performing transaction monitoring and customer due diligence tasks
- Previous CDD/EDD experience is a plus
- BSA/OFAC, Compliance, Branch, or Operations experience is preferred
- Bachelor’s degree in Accounting, Business Administration, or Finance preferred
- ACAMS Certification is preferred (not required)
Responsibilities
- Completion of required annual Bank Secrecy Act training
- Using Fiserv’s “AML Manager” system to perform monitoring activities
- Performing transaction monitoring or suspicious activities; assisting with suspicious activity investigations
- Gathering materials for BSA audits and examinations
- Reviewing CTRs for accuracy; filing CTRs with Fincen; processing Fincen correspondence
- Reviewing Monetary Instrument Logs for accuracy and to determining if cash purchases are to be reported on a CTR
- Effectively coordinating with branches and departments when additional information or documents are needed to perform job duties and responsibilities
- Assisting with CDD/EDD on new accounts
- Assisting with CTR exemptions; maintaining exemption files
- Assisting in maintaining and updating the BSA, USA Patriot Act, CIP, AML, and OFAC Procedures Manual, as assigned
- Maintaining BSA Department records as required by BSA and OFAC regulations
- Assisting with gathering materials for BSA audits and examinations
- Maintaining current knowledge of all rules, regulations, and laws while following all applicable procedures in the current BSA and OFAC Procedures Manual that apply to the BSA Analyst’s role
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
51-100 employees
