BSA/AML Compliance Analyst - QA - Military veterans preferred

The BSA/AML Compliance Analyst- QA will be responsible for performing quality assurance reviews, including coverage of Anti-Money Laundering (AML), Fraud, Enhance Due Diligence (EDD), U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and Currency Transaction Report (CTR) processes.

The decisions and recommendations made by the Analyst shall be relied upon by the management team and may have a direct impact on the business operations and the servicing of customer accounts, which may also carry legal and regulatory compliance obligations.  Often these case reviews may also lead to development of metrics, trend information, and written analysis which the Analyst will perform to substantiate any risk related recommendations, which may include changes to the BSA Program.  

This role also involves a level of discretion and independent judgment in the assessment and presentation of various decision options to management as well as carrying out major assignments in the effective operational implementation of the Bank’s BSA Program.  

Essential Functions
 Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Review AML alert/case alerts generated by the Bank’s transaction monitoring system, cases created from alerts, suspicious activity referrals, subpoena, 90-day reviews, SAR filings etc. to ensure processes consistently meet regulatory requirements and internal procedures.
• Evaluate the effectiveness of EDD reviews to ensure the appropriate customer risk attributes were addressed in the overall customer review form.  
• Review the OFAC monitoring process as well as the daily CTR, CTR aggregation and filing processes for completeness, accuracy and timeliness.
• Draft and provide QA results monthly to the BSA Operations Manager and recommendations for processes, controls, and/or procedural enhancements.
• Tracks and validates the implementation of remedial actions submitted by the BSA Operations and Fraud staff to verify that the QA findings are remediated.
• Provide feedback and perform training to the BSA Operations staff to address identified gaps in AML/EDD/OFAC/CTR/Fraud procedures and/or processes.  
• Develops, maintains and updates key metrics for the BSA Operations Manager and Senior Management.
• Maintain accurate and up-to-date records of QA results for further review by Internal Audit, Examiners, BSA Operations Manager, and Senior Management.  

Other Duties

• Maintain current knowledge of banking laws and regulations, as well as fraud trends.
• Complies with all policies and procedures as applied to the Bank's BSA/AML/OFAC Program.  
• Perform other duties as assigned.

Skills/Abilities

• Strong knowledge of BSA/AML/OFAC requirements.
• Detail-oriented with experience conducting thorough investigations.
• Effective oral and written communication skills.
• Ability to interact with personnel at all levels in the organization.
• Able to work independently and manage time effectively to meet deadlines.

Supervisory Responsibility

This position does not have supervisory responsibilities.

Work Environment

This job operates in an office setting, the opportunity to telework is not available.  This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.  Office environment with job duties conducted via telephone, face to face meetings, and on the computer.  

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets.  This position requires bending, stooping or standing as necessary.

Travel

Travel may be required for this position.

Education and Experience

• Bachelor’s degree in a related discipline, or equivalent additional related experience, required.
• Minimum 3 years business and/or functional experience in the areas of AML and Fraud, with a financial service provider and/or related government entity (e.g., FinCEN or OFAC) required.
• CFE, CAMS or other industry certification is preferred.
• Working knowledge of Verafin, Jack Henry suit of products, Microsoft Office applications.

Equal Employment Opportunity/M/F/disability/protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.   Duties, responsibilities and activities may change at any time with or without notice.