Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) Analyst I (Hybrid)

About the role

The Anti-Money Laundering (AML) Group at UMB protects the bank from exploitation for money laundering or terrorism financing through the design and oversight of a system of controls. This team ensures compliance with the Bank Secrecy Act (BSA), USA Patriot Act (USAPA), and sanctions set by the Office of Foreign Asset Control (OFAC).

Responsibilities

• Investigate customer transactions representing increased risk for money laundering or terrorist financing, primarily using an automated surveillance system.
• Prepare clear and concise dispositions on daily alerts and reports.
• Perform customer relationship reviews based on new account openings, high-risk attributes, and other relationships identified by the EDD Manager or BSA/AML Officer.
• Assess the effectiveness of existing controls performed by UMBFS transfer agency supporting the UMBFS BSA/AML program.
• Support the BSA/AML risk assessment process by confirming the effectiveness of the control environment across UMBFS operations and ensuring the quality of customer data within core systems.
• First-level disposition of OFAC and 314a suspects from batch reporting, as well as dispositions on business unit escalations for OFAC suspects.

Requirements

• A minimum of an Associate's Degree OR two years of industry-relevant experience in operational, compliance, or fraud investigation roles.
• Bonus points for brokerage experience, including investment advisor, mutual fund transfer agency, or alternative administration.
• Knowledge of mutual funds and/or alternative investment funds.
• Experience with AML surveillance systems.
• Expert experience with Microsoft Office suite.

Qualifications

• Ability to work in a hybrid remote/in-office setting in downtown Kansas City, MO.

Skills

• Strong analytical skills.
• Excellent communication and documentation skills.
• Attention to detail.

Benefits

At UMB, we offer competitive and varied benefits to eligible associates, including:

• Paid Time Off
• A 401(k) matching program
• Annual incentive pay
• Paid holidays
• A comprehensive company-sponsored benefit plan including medical, dental, vision, and other insurance coverage
• Health savings, flexible spending, and dependent care accounts
• Adoption assistance
• An employee assistance program
• Fitness reimbursement
• Tuition reimbursement
• An associate wellbeing program
• An associate emergency fund
• Variety of associate banking benefits

Benefit offerings and eligibility requirements vary. UMB is committed to inclusion and diversity and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law.