Job DescriptionWe are seeking a Senior Analyst to join our AML/CFT department! The Senior AML/CFT Analyst is responsible for assisting the AML/CFT Officer and Assistant Officer in the administration, monitoring and ongoing improvement of the Bank's BSA/AML/OFAC Program to ensure compliance with BSA, AML, CTR and OFAC requirements in all areas of the Bank. Works in conjunction with AML/CFT Analysts to monitor and investigate suspicious activity, complete customer due diligence, and complete high-risk reviews. Collaborates with AML/CFT Officer and Assistant Officer with enhancements to Bank's AML/CFT system of internal controls to ensure ongoing compliance, including monitoring, documenting, obtaining a satisfactory audit and exam results. Effective interpersonal, verbal, and written communication skills. Proficient in Excel.
Responsibilities include, but are limited to:- Work closely/well with business banking centers to understand client needs and opportunities from a holistic perspective to assure risk analysis and recommendations are well informed.
- Compile and deliver quantitative data needed to support management reporting and the risk assessment. Quantitative data are any metrics that are measured and monitored to support the Bank's BSA/AML/OFAC program.
- Review and provide first level approval of all SAR's when the AML/CFT Officer and Assistant Officer is not available. Review, approve and ensure timely submission of all CTR filings and 314(a)/314(b) requests, when the AML/CFT Officer and Assistant Officer is not available.
- Perform thorough due diligence reports for higher risk clients and client opportunities and communicate results in a professional and collaborative manner
- Sustain a current awareness of the regulatory environment and emergent regulatory and financial crime risks that may impact the bank's products/services, and BSA/AML controls
- Maintain effective channels of communication and collaboration with business units to understand BSA/AML, and OFAC risks
- Assist AML/CFT Officer and Assistant Officer in acting as an escalation point for the AML/CFT department in order to resolve issues, cases, alerts, etc. Work on complex issues where analysis of situation or data requires and in-depth evaluation of variables
- Work with the officers to perform an assessment of potential BSA/AML and OFAC risks related to new business and product lines (new products, services, customer segments and geographic footprint)
- Review case files prepared by AML/CFT analysts to include approval of conclusions/justifications and report recommendations to AML/CFT Officer and Assistant Officer for SAR filings
- Stand in for AML/CFT Officer and Assistant Officer in board and committee meetings when they are unavailable.
- Oversee and implement training of bank employees on BSA/AML/OFAC related topics
- Review, audit, and certify OFAC reports and messages.
- Review CTRs for accuracy and make necessary changes to file.
- Review cash reports for suspicious activity
- Monitor MSB accounts for documentation; review & analyze account activity
- Performs all other duties as assigned
Experience and SkillsMinimum Requirements:- 5 years banking experience
- Possess strong written/verbal communication skills as well as excellent organizational/time management skills.
- Proficient in excel
- Detail oriented
- Strong ability to analyze and synthesize large amounts of data.
- Ability to work with minimal supervision while performing duties.
Desired Requirements:- CAMS certification
- Experience in a Senior role in BSA/AML/CFT department
- Ability to conduct extensive research and apply data to improve AML/CFT Program
- Strong knowledge of AML/CFT compliance
Target Compensation: $78,143 - $93,000 annually, depending on experience
