Find A Job › Compliance & Legal

SEARCH:

BSA/AML Analyst

  • Location: New York, NY
  • Job Type: Direct Placement
  • Ref No: 18-04436
  • Date: July 11, 2018
  • Job title:

Michael Shaw

Questions about this job listing? Contact the recruiter now.

Job Description - BSA/AML Analyst

A Foreign bank is looking for a BSA/AML Analyst. The BSA /AML Analyst is responsible for monitoring and investigating customer transactions under applicable anti-money laundering and anti-terrorist financing laws. Additional responsibilities may include the following: performing 314(a) searches and related investigations, review of quarterly profile updates, supporting review of monitoring rules, procedures and guidelines, and performing research regarding specific money laundering concerns and coverage of the Compliance Coordinator Role as needed.

PRINCIPAL DUTIES AND RESPONSIBILITIES:



1.) General

Monitor and investigate customer transactions based on cases generated by the automated monitoring system

Interface with account officers, correspondent banks, and affiliates re customer activity and investigations

Participate in SAR Committee and weekly team meetings; prepare Suspicious Activity Reports as needed.

Gather information and respond as needed to compliance reviews, internal audits and external examination requests.

Perform research regarding specific areas of money laundering concern and keep up ACAMS certification through training sessions

In addition, responsible for assistance with customer profile administration and generation.

This role is also responsible for supporting review of monitoring rules, procedures and guidelines, performing research regarding specific money laundering concerns, training of new or junior staff, review of junior staff casework, preparation of documentation for any exams, audits, testing requirements and updating and tracking internal AML watchlists.

2.) Administrative

Support BSA/AML system and team administration as needed e.g. through report preparation and review of minutes, SAR filings and any AML related logs or reports maintained pertaining to AML as well as coverage of Compliance Coordinator function, filing SARs and reports associated with it, miscellaneous administrative tasks and ad hoc reporting assignments as directed by Team Leader

3.) Policy

Support BSA/AML Team Leader and Compliance Unit Head in development, enhancement and revision of procedures and guidelines, and review of monitoring rules

4.) Technical Skills Required

Microsoft Word, Excel and Power Point; some familiarity with external databases such as Lexis-Nexis, World-Check; experience with automated transaction monitoring system preferred but not required.

MINIMUM JOB REQUIREMENTS OR EXPERIENCE:
  • Working knowledge of applicable anti-money laundering and anti-terrorist financing laws and regulations
  • Experience with automated monitoring system and AML Case investigations.
  • Additional ad hoc projects as assigned by Team Leader and additional work hours may be requested to meet deadlines. Experienced knowledge of applicable anti-money laundering and anti-terrorist financing laws and regulations
  • Experience with automated monitoring system case work, experience with the Bank's BSA AML Team policies and procedures and an overall understanding of overall banking knowledge.
  • Ability to carry out duties and train additional staff to carry out their duties consistently among the team and in accordance with applicable bank policies and procedures.
  • Enhanced writing and proofreading skills as well.
  • ACAMS Certification will be required





Third Party Applications Not Accepted




Related Job Listings

Job Location Type Posted  
AML Alerts Consultant - Retail Banking New York, NY Contract July 17
FIU Transaction Monitoring Consultant New York, NY Contract July 17
AML Compliance Consultant New York, NY Contract July 17
Special Investigations Team Analyst New York, NY Contract July 12
Compliance Auditor New York, NY Contract July 12