TM Analyst II

Commonwealth Business Bank•Los Angeles, CA

13h

About The Position

Transaction Monitoring (TM) Analyst II is a senior-level role within the BSA Department’s Transaction Monitoring Team. The TM analyst II 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.
Ability to work collaboratively in a team environment.
Bachelor’s degree in Criminal Justice, Business, Finance, Accounting, or related field preferred.
5+ years of experience in banking operations, BSA/AML compliance, or related field preferred.

Nice To Haves

Experience with AML software platforms (e.g., BAM/BAM+, FIS IBS) is a plus.
Familiarity with regulatory requirements related to BSA/AML and CTR processes is desirable.

Responsibilities

Be a subject matter expert and provide guidance to junior staff with any questions or concerns raised during alert reviews.
Conduct analysis on transaction monitoring scenarios utilizing above the line/below the line testing to ensure transaction monitoring scenarios generating quality alerts.
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 the team lead with any special projects and investigations as needed.