TM Analyst I

Commonwealth Business Bank • Los Angeles, CA

69d

About The Position

The Transaction Monitoring (TM) Analyst I is an entry-level role within the BSA Department's Transaction Monitoring Team. The TM analyst is responsible for conducting timely and accurate reviews of transaction monitoring alerts. The role requires strong analytical skills, attention to detail, and a foundational understanding of AML compliance.

Requirements

• High level of integrity, confidentiality, and professionalism.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office (Word, Excel, Outlook).
• Ability to manage multiple tasks and meet deadlines.

Nice To Haves

• Experience with AML software platforms (e.g., BAM/BAM+, FIS IBS) is a plus.
• Ability to work collaboratively in a team environment.

Responsibilities

• Review and disposition transaction monitoring alerts in accordance with internal procedures and regulatory expectations. Document alert reviews and decisions in a clear, concise, and auditable manner.
• Conduct daily validation of AML transactional data ensuring accuracy and completeness.
• Identify patterns of potentially suspicious activity and escalate cases for further review.
• Communicate with internal departments (e.g., branch operations) to obtain necessary customer or transaction information.
• Verify customer information in accordance with Know Your Customer, CIP, and Customer Due Diligence (CDD) requirements.
• Maintain awareness of current AML trends and typologies.
• Ensure compliance with all applicable laws, regulations, and internal policies, and complete all required training within designated timeframes.
• Stay abreast of regulatory updates pertaining to Bank Secrecy Act and emerging topics.
• Support senior analysts and team leads with special projects and investigations as needed.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees