Job DescriptionGet in on the ground floor of building Ford Credit Bank-a de novo Utah industrial bank. As a BSA/AML Analyst, you will report to the BSA/AML Officer and serve as a critical member of our second line of defense, performing transaction monitoring, customer due diligence, and investigations to protect the bank and ensure regulatory compliance.
Ford Credit Bank (the "Bank"), a de novo Utah industrial bank headquartered in Salt Lake City, Utah, will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles, parts, accessories, and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company ("Ford Credit"), an indirect wholly owned subsidiary of Ford Motor Company ("Ford"). The Bank is designed to be a leading financial institution committed to upholding the highest standards of integrity, ethics, and regulatory compliance. We serve our customers with a wide range of financial products and services, driven by a culture of trust and excellence.
The TeamGet in on the "ground floor" of building a de novo Bank and setting the foundation of the Bank's BSA/AML and Sanctions Team! The Bank's BSA/AML and Sanctions Team is a crucial component of the second line of defense in the Bank's risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a BSA/AML Analyst, you will act as an important member of the team, performing transaction monitoring activities, analyzing customer and account information and activity patterns to identify BSA/AML risks, collaborating with leaders and colleagues across the organization to drive continuous improvement in our BSA/AML and sanctions compliance. You will be instrumental in addressing and demonstrating the Bank's risk management to emerging regulatory challenges and technological advancements.
In this position...The Bank's BSA/AML and Sanctions Team, acting as the second line of defense, ensures the safety and soundness of the Bank by complying with the Bank Secrecy Act ("BSA"), applicable sanctions law, and all related regulatory guidance. We are looking to hire a BSA/AML Analyst who will support this mission by performing Customer and Enhanced Due Diligence ("CDD/EDD") account reviews and daily operational tasks associated with meeting internal standards and regulatory requirements. This includes reviewing accounts for potential suspicious activity, actioning transaction monitoring and various watchlist screening alerts, conducting investigations, analyzing transaction activity and trends, and writing Suspicious Activity Reports (SARs). You will report to the BSA / AML Officer.
ResponsibilitiesWhat you'll do...- Conduct customer KYC reviews, including CIP, customer due diligence ("CDD") and enhanced due diligence ("EDD"), as applicable, as part of the Bank's AML Program
- Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons ("PEP"), 314(a) screening, and adverse media alerts, as applicable
- Independently conduct comprehensive investigations on confirmed screening matches and potential suspicious activity related to money laundering, fraud, or terrorist financing
- Write suspicious or not-suspicious memos, and recommend when to file Suspicious Activity Reports (SARs)
- Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
- Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
- Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements ("SLAs")
- Contribute to projects to improve and optimize the Bank's AML Program
- Collaborate with Business Operations, Risk, Cyber, and other teams within Ford Credit Bank
- Travel up to 5% of the time
QualificationsYou'll have...- Bachelor's degree preferred or equivalent banking experience
- Requires 2+ years of experience in BSA/AML or Fraud related work in banking or financial services
- Strong investigative skills, including familiarity with public record research and database tools
- Demonstrated transaction analysis skills that apply across numerous financial products in complex scenarios
- Familiarity with relevant BSA/AML laws and regulations as well as industry best practices
- Written communication skills that show focus to details and accuracy
- Good organizational and time management skills
- Expertise in Microsoft products, such as Excel, Word, PowerPoint
Even better, you may have...- Certification, or working towards certification, from the Association of Certified Anti-Money Laundering Specialists (ACAMS)
- Experience with Fiserv banking applications, such as DNA and Financial Crimes Risk Management (FCRM)
- Experience working for a fully online or virtual bank
- Understanding of direct or indirect auto lending bank products
- Strong project reporting skills, with a focus on interdepartmental communication
You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Ford Motor Company, we encourage you to apply!
As an established global company, we offer the benefit of choice. You can choose what your Ford future will look like: will your story span the globe, or keep you close to home? Will your career be a deep dive into what you love, or a series of new teams and new skills? Will you be a leader, a changemaker, a technical expert, a culture builder...or all of the above? No matter what you choose, we offer a work life that works for you, including:
• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year's Day
• Paid time off and the option to purchase additional vacation time.
This position is a banded range from salary grade 5 that ranges from $65,100-$109,300 to salary grade 7 that ranges from $86,600-$144,900.Final determination of salary grade will be based on candidate's skills and experience, and base salary will be set within the applicable range according to job scope, responsibility and competitive market value.
For more information on salary and benefits, click here: https://fordcareers.co/GSR
Visa sponsorship is not available for this position.*Register for our Ford Credit Bank talent community today to be considered for current and future banking opportunities*
https://ford.eightfold.ai/careers/join?jtn_form_id=FMCC_JTN
This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week.
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