Financial Crimes Unit Analyst

Bankwell Financial•New Canaan, CT

37d•Hybrid

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). Key responsibilities include: 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

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