Financial Crimes Analyst Senior I

FINANCIAL CRIMES ANALYST SENIOR I

WHAT IS THE OPPORTUNITY?

Under the direction of the BSA Risk Manager, this colleague is responsible for carrying out regulatory/compliance issuance monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment. Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices. Develop new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Plays a key role as a liaison with colleagues throughout the organization related to BSA, AML, OFAC and the USA PATRIOT Act. Responsible for building and maintaining relationships with internal and external customers while providing exemplary customer service. Functions as a backup to the BSA Risk Officer in specific areas as necessary.

What You Will Do

• Program Governance Role:
• Support Financial Crimes Compliance Program Governance, including Training, Issue Management, and Reporting.
• Support procedural development and maintenance
• Assesses controls for design and operating effectiveness in accordance with established policies, standards and procedures
• Exercises independent judgment in identifying issues and assessing risk
• Develop and deliver training program and materials, including oversight.
• Support issue management including stakeholder engagement and tracking and monitoring
• Maintain authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered/tested
• Assist risk management team with departmental initiatives and other duties as assigned.
• Carries out regulatory/compliance issuances monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment, under the guidance of the BSA Risk Manager.
• Analyzes and escalates issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices.
• Identify gaps and deficiencies in related BSA functions, processes, policies and procedures as well as create and implement corrective actions and track gap remediation.
• Develops and presents training to assist in gap remediation and required enhancements.
• Communicates and escalates (as assigned) identified BSA, AML, OFAC and USA PATRIOT Act operational concerns to the appropriate level of management.
• Completes special projects as assigned.
• Attends internal and external meetings, seminars, workshops, etc. to expand professional expertise.
• Maintains up-to-date knowledge of Bank policies, procedures and industry best practices.
  
  

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 5 years of Banking industry experience
• Minimum 4 years of experience in a BSA/OFAC specific role (such as those involving KYC, EDD, financial crime investigations, compliance) at a financial institution
• ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification
  
  

Skills And Knowledge

• Working knowledge of banking operations and Bank Secrecy Act/Office of Foreign Assets Control regulations
• Prior broker/dealer experience preferred
• Experience using Microsoft Word, Excel and Access required.
• Knowledge and understanding of federal regulations pertaining to the Bank Secrecy Act and Office of Foreign Assets Control required.
• Excellent problem solving and analytical skills required.
• Excellent verbal/written and written communication skills required to interact with all levels of Bank personnel and outside contacts.
• Experience with quality control, audit or compliance testing is preferred.
• Familiar with FINRA and SEC AML rules and regulations
• Experience with investor platforms Netx360 and Wealthscape
• Experience with Bridger, Equifax and Lexus Nexus
• Experience with Actimize
  
  

Compensation

Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

• To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
  
  

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.

About City National

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

• City National Bank does business in Miami and the state of Florida as CN Bank.
  
  

For more information about City National, visit cnb.com.

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION

City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.