BSA/AML Analyst

Yamaha has an excellent opportunity for a BSA/AML Analyst to join our Finance team in Cypress, CA. The BSA/AML Analyst will be responsible for the monitoring and testing of the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) program designed to ensure that Yamaha Motor Finance Corporation, U.S.A. (“YMFUS”) achieves optimum compliance with applicable laws and regulations. The ideal candidate will be a self-starter who can analyze large amounts of information to find and resolve suspicious activity. They will also be responsible for assisting the BSA Officer, the Retail Servicing Operations Manager, DSC Management, and several fraud functions in the Retail Servicing Department.

What you’ll be doing:

• Perform monthly/quarterly BSA/AML certifications, maintain various BSA/AML reports for accuracy and conduct testing. Review and audit OFAC verifications completed by internal staff and servicing partners.
• Conduct initial and continuous Enhanced Due Diligence (EDD) reviews. Ensure that all the reviews are completed timely and according to the YMFUS Policies and Procedures for the BSA/ AML Program including Customer Identification Program (CIP), Customer Due Diligence (CDD) and Know Your Customer (KYC).
• Review bi-weekly FinCEN 314(a) alerts, as well as any special 314(a) postings by FinCEN. Review and research all applicable Watch List Alerts, document findings and notify management of any positive matches.
• Prepare and complete SAR’s reports. Gather evidence, suspect information and documentation to investigate the alleged fraud. Initiate reports with law enforcement agencies. Process subpoenas by maintaining confidential information
• Maintain a thorough knowledge and understanding of the BSA/AML rules and regulations relative to Suspicious Activity Reporting, current money laundering schemes and investigative techniques required to detect such schemes.
• Generate reporting for management, make recommendations to enhance the BSA/AML program process and procedures as needed. Complete the Annual BSA/AML Risk Assessment and present program updates to management.
• Collaborate with the BSA Officer, the Retail Servicing Operations Manager, and DSC Management to provide training to staff as needed for new or updated BSA/AML processes and requirements. Assist Compliance Department as needed and complete other duties as assigned.
• Research, detect, conduct and resolve fraud investigations. During investigations, identify gaps and help drive solutions that minimize losses resulting from inadequate internal processes, systems or human errors.
• Assist with internal and external audits in a timely manner. Assists with developing long-range, strategic planning for audit projects and audit initiatives.
• Arrange, coordinate restitution payments with the court and attorneys. Work with law enforcement and repossession vendors to recover impounded/seized collateral.
  
  
  

What you’ll need to be successful:

• Associates degree or equivalent combination of education/experience required
• 7 years of consumer underwriting experience including credit and funding operations
• 3 years of prior fraud investigation experience
• Experience in account analytics, investigations, SAR’s, account review processes, suspicious activity typologies, and fraud investigations, trends, patterns and prevention
• Strong knowledge of the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC, Fair Debt Collections Practices Act, GLBA(Gramm-Leach-Briley Act), Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Customer Identification Program (CIP), Know your Customer (KYC), Right to Financial Privacy Act, as well as all related state regulations
• Comprehensive understanding of financial operations activities, products, and services in the Automotive or Powersports industry preferred
• Prior experience handling subpoenas and restitution payments preferred
• Professional certification in CAMS, BSACS, CBAP or CRCM is preferred
• Excellent organizational, communication skills and attention to detail
• Proficient in MS Office (i.e., Word, Excel, Power Point, Outlook, Visio, etc.) and Adobe.
• Strong problem-solving, analytical, critical thinking, and time management skills
  
  
  

Don’t meet every single requirement? Studies have shown that women and underrepresented minorities are less likely to apply to jobs unless they meet every single qualification. At Yamaha, we understand that talent comes in various forms, as such we are dedicated to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles!

What’s in it for you:

• 401(k) and Profit Sharing
• Fertility Benefits
• 37.5-hour workweek
• Medical, Dental, Vision
• Life and AD&D Insurance
• Wellness Program
• Short-Term Disability Coverage (for hourly roles)
• Long-Term Disability
• Student Debt Repayment Benefits
• Ability to borrow Yamaha product
  
  
  

Reports to: Department Manager

Yamaha Motor Corporation, USA is proud to be an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identify, national origin, veteran or disability or any other status protected by federal, state, or local law. We celebrate diversity and are committed to creating an inclusive environment for all employees.