What are the responsibilities and job description for the BSA/Sanctions QC Analyst Compliance position at Hamlyn Williams?
BSA/Sanctions QC Analyst Compliance
NYC – Hybrid
Hamlyn Williams has partnered with a full service commercial bank, based in NYC, NY that are looking to hire a BSA/Sanctions QC Analyst Compliance. This Analyst will be responsible for supporting the reviews of the Bank’s BSA, AML and OFAC programs.
This role is on a hybrid basis four days per-week on site. If you are not able to work on site, please do not apply.
As the BSA/Sanctions QC Analyst Compliance, you will:
- Conduct thorough BSA/AML and OFAC Quality Control Assessments (QCA) across diverse products and services to ensure adherence to regulatory requirements.
- Analyze sampled alerts to determine false positives and valid matches involving sanctions, adverse media, politically exposed persons (PEPs), and internal watchlists. Verify that decisions are consistent with departmental guidelines and supported with appropriate documentation.
- Review data across all BSA/AML functions, including 314(a) and 314(b) information sharing, Currency Transaction Reports (CTRs), and Suspicious Activity Reports (SARs).
- Apply and uphold QCA standards and risk-based testing procedures, accurately recording findings in designated databases or logs in a timely manner.
- Contribute to mentoring and training efforts by creating instructional materials, job aids, and tools to drive consistency and enhance quality.
- Remain up to date on OFAC and AML regulatory developments, ensuring internal procedures reflect current risks and standards. Recommend and implement process improvements as needed.
As the BSA/Sanctions QC Analyst Compliance, you will need:
- B.S. Degree
- 3-5 years of experience in sanctions investigations.
- In-depth knowledge of emerging money laundering and fraud typologies, with a keen awareness of evolving financial crime trends.
- Proficient in automated transaction monitoring systems; hands-on experience with Verafin is a valuable asset.
- Familiar with Customer Identification Program (CIP) and Know Your Customer (KYC) requirements, including conducting Enhanced Due Diligence (EDD) for high-risk client onboarding.
- Strong investigative, analytical, and problem-solving abilities, with a demonstrated capacity to conduct detailed research and derive well-supported insights.
- Must be a Green Card holder or U.S. Citizen
Salary : $95,000 - $105,000
