Senior AML/CFT Analyst

About the role

The Senior AML/CFT Analyst is responsible for assisting the AML/CFT Officer and Assistant Officer in the administration, monitoring, and ongoing improvement of the Bank's BSA/AML/OFAC Program to ensure compliance with BSA, AML, CTR, and OFAC requirements in all areas of the Bank.

Responsibilities

• Work closely/well with business banking centers to understand client needs and opportunities from a holistic perspective to assure risk analysis and recommendations are well informed.
• Compile and deliver quantitative data needed to support management reporting and the risk assessment. Quantitative data are any metrics that are measured and monitored to support the Bank's BSA/AML/OFAC program.
• Review and provide first level approval of all SAR's when the AML/CFT Officer and Assistant Officer is not available.
• Review, approve, and ensure timely submission of all CTR filings and 314(a)/314(b) requests, when the AML/CFT Officer and Assistant Officer is not available.
• Perform thorough due diligence reports for higher risk clients and client opportunities and communicate results in a professional and collaborative manner.
• Sustain a current awareness of the regulatory environment and emergent regulatory and financial crime risks that may impact the bank's products/services, and BSA/AML controls.
• Maintain effective channels of communication and collaboration with business units to understand BSA/AML, and OFAC risks.
• Assist AML/CFT Officer and Assistant Officer in acting as an escalation point for the AML/CFT department in order to resolve issues, cases, alerts, etc.
• Work on complex issues where analysis of situation or data requires and in-depth evaluation of variables.
• Work with the officers to perform an assessment of potential BSA/AML and OFAC risks related to new business and product lines (new products, services, customer segments and geographic footprint).
• Review case files prepared by AML/CFT analysts to include approval of conclusions/justifications and report recommendations to AML/CFT Officer and Assistant Officer for SAR filings.
• Stand in for AML/CFT Officer and Assistant Officer in board and committee meetings when they are unavailable.
• Oversee and implement training of bank employees on BSA/AML/OFAC related topics.
• Review, audit, and certify OFAC reports and messages.
• Review CTRs for accuracy and make necessary changes to file.
• Review cash reports for suspicious activity.
• Monitor MSB accounts for documentation; review & analyze account activity.
• Performs all other duties as assigned.

Requirements

• Minimum 5 years banking experience.
• Possess strong written/verbal communication skills as well as excellent organizational/time management skills.
• Proficient in excel.
• Detail oriented.
• Strong ability to analyze and synthesize large amounts of data.
• Able to work with minimal supervision while performing duties.

Desired Requirements

• CAMS certification.
• Experience in a Senior role in BSA/AML/CFT department.
• Strong knowledge of AML/CFT compliance.

Target Compensation

$78,143 - $93,000 annually, depending on experience.