AML Analyst

Overview Compensation: $28.00 - $35.00 hourly based on experience and credentials Location Type: Remote Position Type: Full Time The AML (Anti Money Laundering) Analyst investigates suspicious activity on members’ accounts in compliance with the Bank Secrecy Act, Anti-Money Laundering, and Patriot Act. This individual plays a critical role in protecting Suncoast Credit Union from legal, regulatory, and reputation risks. An ideal candidate is a highly motivated, collaborative, independent individual with excellent analytical skills. Responsibilities Investigate moderate to complex cases of suspicious activity on member accounts to protect the credit union from external criminal activity with primary focus on Money Laundering, Patriot Act, and Bank Secrecy Act issuesPrepare referrals for accounts that require escalation due to AML riskReview, analyze, and evaluate high risk member/business information, transactional information, and third-party vendor provided information to assess AML riskValidate risk scoring criteria for member and business account profilesConduct reviews of data analysis from automated monitoring system, referrals, reports, and workflows to detect AML/Terrorist Financing activityConduct member interviewsObtain and review evidence, exhibits, photographs, and other information through internal documentation, internet resources, law enforcement agencies, and public recordsAssist in the coordination and preparation of documents for law enforcementComplete written analysis and investigative reports to recommend disposition of cases including the collection, preparation, and preservation of evidencePrepare Suspicious Activity Reports (SARs) in compliance with established regulatory guidelines and timeframesRespond to emails received to BSA/AML email from various entities within the credit unionAssist other credit union staff with questions and information requests related to cases of terrorist financing and money launderingComplete operational tasks/duties including but not limited to sending letters to members, reviewing, and evaluating transactions to identify AML/Terrorist financing trends, placing restrictions on accounts as necessary, researching and analyzing accounts on behalf of internal staff, and restriction removal requestsAssist with additional operational tasks as needed by managementMaintain required performance standards for quality, communication, promptness, and identifying AML/Terrorist financing trendsMaintain a current understanding of the USA Patriot Act, Bank Secrecy Act, Office of Foreign Assets Control (OFAC), and related laws and regulationsUphold Suncoast Credit Union’s culture, vision, and core valuesParticipate in team meetings and projects by providing ideas for department improvements and efficiency opportunitiesMust maintain a high level of confidentialityMaintain knowledge and understanding of current trends, laws, and issues affecting the area of expertiseAttend educational events to increase professional knowledgeComplete annual compliance and info security training to understand employees' role in maintaining effective compliance and security programs Qualifications Bachelor's degree in business administration, finance, or a related field (A comparable combination of work experience and training may be substituted for education requirements.)2+ years of experience with a financial institution; preferably in the areas of BSA, AML, or fraud investigationCertified Bank Secrecy Act Professional ™ (CBSAP) is preferred or must be obtained within one year of the start dateProficient understanding of legal and court processesAbility to explain facts, policies, and practicesAbility to prioritize tasks, deal effectively with competing and changing priorities to meet deadlines Accurate, detail-oriented, and organized with task managementEffective written, verbal, and interpersonal communication skills to interact with members, staff, vendors, and government regulatorsAbility to analyze and resolve difficult and often complex problems or situationsStrong written, verbal, and interpersonal communication skills to interact effectively with members, staff, vendors, and government regulatorsStrong knowledge and understanding of credit union products, services, policies, and proceduresStrong knowledge and understanding of regulatory complianceStrong knowledge and understanding of credit union computer systems and software applications required to perform job duties Skills Analytics Benefits Financial Well-Being: Bonus Program up to 12%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending AccountsWellness: Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability CoverageWork-Life Balance: 11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTOCommunity Involvement: Paid Volunteer HoursGrowth: Degree Assistance up to $5,000 per year For more information, including additional benefits, please visit our benefits website at https://careers.suncoastcreditunion.com/benefits Company Overview Suncoast Credit Union is consistently chosen as a Tampa Bay Times Top Workplace because its employees genuinely #LOVEWORK! Employees flourish in an inclusive culture celebrating growth and prioritizing the community. Chartered in 1934. For more information, please visit our careers site at https://careers.suncoastcreditunion.com/