FIU Analyst reports to Head, FIU and is responsible for monitoring and assessing Compliance Risks (including BSA/AML risks) to the Bank on a day-to-day operational basis. The Analyst works with Head, FIU to maintains quality performance within the Compliance Department, and ensures proper regulatory reporting and risk mitigation, while providing advice and counsel to business lines regarding ML/TF/Sanctions associated risk mitigation activities. Ensures all activities conducted comply with governing regulations, internal policies and procedures.
Responsibilities:
Become fully conversant with Bank Compliance policies, procedures and desktop processes.
Reviews investigation reports, along with related documents, and provides feedback, as appropriate.
Review alerts in the suspicious activity monitoring system matches against negative lists such as OFAC.
Review alerts generated by the suspicious activity monitoring system that are generated when rule thresholds are crossed.
Conduct investigations on alerts that bear indicia of AML/other risks.
Prepare SARs.
Perform FinCEN 314(a) searches and follow recordkeeping requirements.
Periodically update Profiles in Prime including uploading supporting documents.
Assist Head, FIU in performing the annual review of transaction monitoring rules including recommending threshold changes to improve rule effectiveness and/or recommending addition of new rules or retirement of ineffective rules.
Participate in ad-hoc projects such as new system implementation, system model validation etc.
Assist the Head, FIU in responding to audit and regulatory requests for information and during audits/examinations.
Performs any other task as required to promote day-to-day Bank Compliance.
Specific duties and responsibilities may vary based upon departmental and Bank needs. Other duties may be assigned similar to the above consistent with the knowledge, skills and other abilities required for the position.
Qualifications:
Education:
Bachelor’s degree required.
ACAMS certification and membership preferred or willing to study and get certified within 6 months of hire.
Experience:
5 plus years of BSA experience preferably in a Foreign Correspondent Banking environment organization.
PC skills:
Strong working knowledge of MS Word, MS Excel, Lexis-Nexis, World- Check, Banker’s Almanac, Lexis Nexis, Google etc.
Strong internet search capabilities.
Detail oriented individual with analytical skills and ability to conduct in- depth research.
Ability to work in a team environment, as well as independently.
Must be well-organized and capable of performing multiple tasks simultaneously.
Ability to prioritize and use sound judgment.
Knowledge of regulations such as BSA, USA PATRIOT Act, OFAC sanctions programs in general.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Business Development and Sales
Industries
Banking
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