Job Title:
AML Quality Control Senior Analyst
Location:
CityScape
What you'll do:
Senior AML Quality Control Analysts are responsible for conducting quality control reviews for an enterprise-wide Quality Control program that complies with BSA/AML/OFAC policies and procedures. The AML QC program 27s mission is to ensure Bank Secrecy Act (BSA), anti-money laundering (AML), Office of Foreign Asset Control (OFAC), and know your customer (KYC), Corporate Security, and other second line activities run smoothly and efficiently.
Under the direction of the FCC Quality Control Manager, the Senior AML QC Analyst works independently to perform QC reviews of FCC processes for policy and procedure compliance as part of the ongoing testing environment of the 2nd line of defense. The Senior AML QC Analyst collects, analyzes, tests and reports the results of the QC reviews to address any compliance or procedural findings that were identified during the review.
Advising (in verbal and/or written form) the line of business may include complex situations and ultimately helps with the FCC Compliance Program but may also involve several lines of business. The Senior AML QC Analyst also assists with preparing materials for internal and external audits, and regulatory exams. The Senior AML QC Analyst will provide direction to the Lending/Operations/Support Area to achieve highest level of compliance for effective BSA/AML/OFAC and Corporate Security compliance.
- Conducts Quality Control testing of Financial Crimes Compliance department processes and work product for policy and procedure compliance, and effectiveness in meeting objectives as directed by QC Manager
- Strong organizational, communication and interpersonal skills in order to work with all levels of management are required
- Must be effective at identifying and communicating issues through Excel worksheets, written reports and verbal discussions with management and line of business
- Must be effective at documenting findings or determinations; and escalate items appropriately for additional analysis and resolution
- Independently validate that corrective actions performed by the respective business units properly address any exceptions noted. Must be familiar with all related FCC, Operational, and Lending policies or procedures with the ability to interpret documented processes to properly document any exceptions
- Prior experience focusing on BSA/AML/OFAC/Fraud compliance
- Knowledge of internal control analyses and risk assessment methodologies, Federal Financial Institutions Examination Council (FFIEC) guidelines, OFAC, and Corporate Security requirements
- Assists FCC Quality Control Manager with activity reports, audit material preparation, and special projects. Support FCC management in the development of new and revised procedures, methods, and forms related to KYC, AML, and other Bank Secrecy Act or Corporate Security functions
- Complete any other duties or responsibilities assigned by the FCC QC Manager
What you'll need:
- Five or more years of BSA/AML/OFAC/Fraud Compliance experience with a focus on testing or audit related experience
- Bachelor's degree or equivalent experience required; Bachelor's degree in related field preferred.
- Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
- Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Intermediate to advanced knowledge of BSA/AML/KYC regulations and best practices, etc.Specific knowledge with KYC, CIP, EDD, Transaction monitoring, OFAC and Fraud. Knowledge of transaction types across the spectrum of commercial and consumer products (deposit, lending, ACH, ATM, RDC, and correspondent banking)
- Intermediate computer operational skills required (Microsoft Office applications and Excel formulas)
- Intermediate experience using transaction monitoring and/or case management systems/software required
- CAMS Certification preferred (Senior Analysts must be able to obtain within two years)
Benefits you 27ll love:
We offer all the important things you'd want 6 like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you 27ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
