Compliance Analyst Jobs

About The Position

Requirements

• 5+ years of related experience with emphasis on BSA transaction monitoring;
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
• Strong analytical skills are required to organize and analyze multiple complete data sets, as well as strong interpersonal and organizational skills.
• Excellent attention to detail and “follow-through” skills;
• Strong technical and research skills and Excel skills;
• Excellent writing, analytical, and communication skills;
• Ability to understand and draw conclusions from research conducted;
• Must have an ongoing sense of urgency and a high level of flexibility;
• Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
• PC proficiency with Microsoft Office products, including Word and Excel, and knowledge of Database and Internet software.

Nice To Haves

• CAMS or CRCM certification is preferred.

Responsibilities

• Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.
• Assist in investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
• Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
• Administer essential workflow functions such as monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.
• Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.
• Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
• Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
• Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
• Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
• Assist in and perform investigations into cases referred by Bank personnel for unusual activity and document findings accordingly.
• Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues, assessing impact on the Bank, and implementing the changes.
• Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
• Assist in providing training and support as needed.
• Perform other duties as assigned.