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.
MINIMUM JOB REQUIREMENTS OR EXPERIENCE:
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.
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
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.
Third Party Applications Not Accepted
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