What are the responsibilities and job description for the AML Compliance Analyst position at Credit One Bank?
Description
Position Summary
The Compliance Analyst will be responsible for assisting in implementing the Bank's Compliance Program, designed to ensure that the Bank complies with various consumer laws and regulations.
Summary of Essential Job Functions
- Maintains an advanced knowledge of laws, regulations, and regulatory guidance focusing on Bank Secrecy Act / Anti-Money Laundering requirements related to the Bank's activities and products.
- Participate in the review and / or filing of SARs as required under BSA / AML.
- Assist in the investigations and responses to FinCEN's 314a inquiries.
- Review potential matches to Sanctions Lists (OFAC). Appropriately action matches as necessary.
- Provides consultative services to all departments relative to consumer compliance matters and maintains a strong working relationship with all departments.
- Reviews and revises Compliance policies and guidelines provided to various departments as appropriate when regulatory agencies issue new or amended regulations, or to cover new products developed by the Bank.
- Conducts annual review of assigned Compliance policies and procedures to ensure they are up to date.
- Assists with preparing quarterly Board reports covering Compliance Department activities.
- May conduct monitoring reviews covering the above laws and regulations, provides written reports of findings and recommendations to department heads and executive management, and follows up to ensure corrective action has been taken on exceptions noted.
- May conduct testing of system functionality prior to or post implementation to ensure regulatory requirements are met.
- May review new or revised training courses to determine applicability to Bank employees and makes recommendations on courses that should be taken by Bank employees and the frequency they should be taken.
- May respond to confidential information requests from governmental agencies in connection with suspected terrorists.
- Assists with the coordination of OCC regulatory compliance exams and external compliance audits. Provides guidance to the business on developing action plans to resolve any exceptions noted.
- Performs other duties as assigned.
Position Requirements
Preferred
Knowledge or consumer and commercial credit card lending and deposits is preferred.
Credit One Bank, N.A. is a data-driven financial services company based in Las Vegas. Founded in 1984, Credit One Bank offers a spectrum of credit card products for people in all stages of financial life. Credit One Bank is an equal opportunity employer committed to diversity and inclusion and does not discriminate against any employee or applicant for employment because of age, race, religion, color, disability, sex, sexual orientation, or national origin. Reasonable accommodations can be made for those who require them, including access to job applications and workplace accommodations. Employment at Credit One Bank is based on mutual consent (also known as at-will). This means that employees and the Bank may terminate the employment relationship at any time, with or without cause and with or without notice. Please contact the recruiter for this position to learn more. Credit One Bank does not accept unsolicited resumes from agencies and is not responsible for related fees.
