Anti-Money Laundering Analyst

Position Summary:

The BSA/AML Analyst focuses on identifying and reporting currency transactions, OFAC testing and alert review and the preparation/maintaining of various reports and logs. In addition, this position maintains various functions within the Bank’s AML monitoring system. In accordance with Bank policies and procedures.

Essential Functions and Responsibilities

• Identify reportable currency transactions using reports generated from the core system and information provided by branches
• Maintain CTR Tracking Sheet for tracking reportable transactions
• Prepare CTRs for filing using the Bank’s AML monitoring system
• File CTRs, weekly, through the Bank’s AML monitoring system and E Filing
• Track and upload FinCEN acknowledgements, for CTRs filed
• Independently investigate cash/wire alerts generated by the AML monitoring system, document conclusion and elevate activity that may warrant a SAR filing
• Independently review OFAC watch list alerts generated by the Bank’s AML monitoring system for potential matches to the Treasury lists. Document conclusion and report true or potential matches to the BSA/OFAC Officer.
• Independently review other watch list matches generated by the Bank’s AML monitoring system for identification of high risk businesses/transactions related to a high risk business type such as marijuana, privately owned ATMs etc. Document conclusion and elevate activity that may warrant a SAR filing or raise the customer’s risk rating.
• Perform EDD on wires of interest, daily, research originators and beneficiaries on wires and consult with Branch.
• Prepare and maintain Wire Transfer Log
• Prepare Remittance Products statistics for the Bank Call Report
• Perform FCRM daily system check; and FCRM Data Review functions as required
• Open cases in Client 360 for issues identified in FCRM, follow up as needed
• Assist with FCRM software upgrades and creating new FCRM alerts as needed
• Test vendor OFAC lists as required; Verify OFAC lists have been imported to systems used for OFAC verification
• Maintain reports for large currency transactions, currency exchanges and IATs
• Maintain statistics as required for risk assessment, FCRM validation, etc.
• Report suspicious activity to BSA Officer using the BSA/AML Activity Review form
• Assist with preparing for: OCC BSA Exam, OCC MLR, BSA risk assessment, etc.
• Assist with responding to findings/recommendations from the various initiatives and implementation of Program enhancements, etc.
• Routinely review procedures related to job responsibilities to ensure adherence and recommend revisions to the BSA/AML Officer
• Cross train new and existing BSA staff, as directed by the BSA/AML Officer

Qualifications Required:

• High School Diploma or equivalent
• Minimum one year BSA/AML experience working in a BSA Department
• Windows and Excel proficiency
• Experience with AML monitoring systems