- Bachelor's degree in Finance, Business Administration, Mathematics, Accounting or other related field required.
- Minimum 5 Years of experience a working as aKYC/KYB ML analyst within the banking financial services, or related industry required.
- ACAMS and/or CFE Certification(s) required.
- Strong knowledge of BSA/ AML, USA Patriot Act, OFAC, and Fin CEN laws, regulations, and guidelines required.
- Demonstrated knowledge and experience reviewing and analyzing transactional activity for all businesses types across a broad base of NAICS codes a must. Experience and/or training (certification) in business / commercial credit underwriting preferred.
- Experience reviewing small business financial statements, including, cash flow and income statements, a plus
- Proficient in MS Excel, Word and PowerPoint required.
- Experience utilizing Oasis Patriot Officer and/or FISERV DNA core banking solution or similar, required.
- Experience with database management tools / languages, including SQL, Python or similar, a plus.
- Excellent analytical and decision-making abilities.
- Excellent organizational skills and ability to work independently to meet rigorous timelines.
- Excellent written and verbal communications skills required.
- Conduct due diligence on new and existing clients/customers to verify their identities and assess their risk level. Review and analyze documentation such as identification, business licenses, and financial statements to ensure compliance with regulatory standards.
- Perform comprehensive analysis of both personal and business customer's transaction data to identify suspicious activities in violation of BSA /AML laws and regulations.
- Conduct enhanced due diligence (EDD) reviews of high-risk customers by analyzing account documentation and transactional activity, and preparing a detailed narrative to support the review.
- Collaborate with the Business Banking team to ensure customer onboarding and ongoing transactional activity adheres to Bank policies, procedures and all applicable KYC/B, AML, OFAC, FinCEN, and other laws, regulations, and guidelines.
- Analyze, investigate, and document suspicious activity alerts generated by the Bank's BSA / AML system (Patriot Officer). Investigate any anomalies or red flags in accordance with AML regulations.
- Determines if noted activity is suspicious or not suspicious, by collecting support documentation of cash, check, ACH, wire transfers, monetary instrument, and other transactions, to justify the determination made.
- Complete Questionable Activity Reports submitted by departments and branches, by collecting and reviewing support information and make determination is SAR filing is required. Properly document results.
- Conducts investigations of potential suspicious activity referred by branches and departments, by initiating discussions with Management (Retail, Business Banking, Lending) to obtain account documentation and customer explanations for certain transactional activity, comparing it to past transactional activity, or to industry identified schemes and scams.
- Review cases related to complex business relationship to determine if activity is appropriate for business type and adequately document results of investigation and recommend further action if needed.
- Identifies and presents findings on potentially suspicious activity to Management by providing write-ups for SAR narrative section.
- Prepare and file SARs and CTRs with FinCen and assist with quarterly SAR escalation reviews and recommend action as needed.
- Assist with OFAC monitoring, by reviewing WireXchange wires, conducting Watchdog searches, reviewing daily International ACH transactions and clear hits on database scrubs.
- Assists in processing law enforcement (314a) requests and criminal subpoenas, by conducting a review of transactions and customer pedigree information in a timely fashion.
- Assists in processing requests from other Financial Institutions (314b), by researching customer transactions, and providing the findings in a concise, timely, and accurate manner.
- Ensure that the Bank remains current on money laundering trends, techniques, and tools used by criminals, by attending seminars (virtual or live), webinars, and reviewing alerts as published by regulatory agencies.
- Provide guidance and mentor junior analysts.
- Assists as needed by performing other related duties that may be necessary from time to time.
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Description
The estimated starting salary for his position is $65,000-$85,000 per year.Job Specifications:
