BSA/AML Analyst - California, United States - JCW Group

Description

This role would require at least 5 days in office presence.

JCW is working on a search for a Transaction Monitoring with a foreign bank located in Pasadena to join their AML/BSA team.

The Senior Analyst will be responsible for overseeing and executing various aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs. This role requires a deep understanding of regulatory requirements, risk management principles, and the ability to conduct thorough investigations and analyses to ensure compliance with all relevant laws and regulations. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to work effectively in a fast-paced and dynamic environment.

Responsibilities:

1. Oversee and execute the day-to-day operations of the BSA/AML/OFAC compliance program.
2. Conduct investigations into suspicious activity reports (SARs) and other alerts generated by monitoring systems, ensuring timely and accurate resolution.
3. Review and analyze customer transactions, account activity, and other pertinent information to identify potential money laundering, terrorist financing, and other illicit activities.
4. Perform enhanced due diligence (EDD) reviews on high-risk customers and transactions, including politically exposed persons (PEPs) and correspondent banking relationships.
5. Stay abreast of changes in regulatory requirements, industry best practices, and emerging trends related to BSA/AML/OFAC compliance.
6. Develop and maintain strong relationships with internal stakeholders, including business units, legal, and compliance teams, to ensure effective communication and collaboration on compliance matters.
7. Prepare and present reports and findings to senior management and regulatory authorities as required.
8. Participate in regulatory examinations and audits, providing support and documentation as necessary.
9. Assist in the development and implementation of policies, procedures, and training programs to ensure adherence to BSA/AML/OFAC regulations.
10. Mentor and provide guidance to junior analysts, fostering their professional development and enhancing team capabilities.

Role Requirements:

• 5+ years of BSA/AML experience
• Working knowledge of suspicious activity typologies, trends and patterns
• Experience working with alerts, conducting case investigations, and drafting/filing SARs
• CAMS certification is preferred
• Mandarin preferred

This role pays $60,000 to 75,000 base.