The company is looking to solve the problem of ensuring accuracy and integrity of documentation related to BSA/AML Investigations and required reporting, including Suspicious Activity Reporting (SAR), Customer risk rating, Beneficial Ownership, OFAC screening, and system and/or process enhancements.
Requirements
- Working knowledge of BSA, AML, OFAC, and USA Patriot Act laws and regulations
- Working knowledge of bank operations
- Comprehensive understanding of banking industry
- Federal Banking Regulations
- Regulations applicable to the function being performed
- Good PC skills including Microsoft Office (Word, Excel, Access)
- Ability to compose detailed Excel spreadsheets and to effectively transport data from databases and applications
Responsibilities
- Performs quality review of all BSA/AML investigative work including suspected fraud cases and pending suspicious activity reports, anti-money laundering alerts and investigation documentation, enhanced due diligence investigation and review documentation, and pending 90-day suspicious activity reports.
- Perform sampled quality review on non-file, and program exclusion decisions, so as to ensure accuracy of monitored relationships.
- Identification and reporting of necessary corrections and/or exceptions.
- Perform periodic quality review of processes in place to comply with beneficial ownership, and customer risk rating processes, and provide quality scores to applicable management related to such processes.
- Perform periodic quality review of OFAC screening process and provide quality assessment to applicable management regarding said process and results of analysts’ work.
- Assistance with reviewing system optimization and tuning results, as well as involvement in user testing of system enhancements.
- Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.
Other
- Bachelor's Degree in a related field; or an equivalent combination of education and experience.
- 1 year of BSA compliance or banking experience preferred
- Good written and oral communication skills, including telephone skills
- Ability to communicate effectively with internal colleagues and managers
- Ability to work under stress and meet deadlines
