AML QC Analyst
Job Description:
• Conduct Quality Control audits on team workflow processes and their timeliness, and prepare summaries for management team regarding QC reviews, including observations and recommendations.
• Process cases with an increased complexity level such as fraud rings, high dollar, high risk cases independently.
• Identify trends and/or typologies within QC reviews of deficiencies in the AML review and documentation process, and recommend enhancements based on trends in QC data.
• Maintain knowledge of Banking products and services including those considered complex or High Risk such as Money Service Businesses (MSBs), Private ATM owners, Marijuana Related Businesses (MRBs); as well as knowledge of current and former Banking as a Service (BaaS) partners and their relevant products and services.
• May partner with the AML QC Manager and Risk Operations leadership on the development of written procedures and processes to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments.
• Follow all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).
• Support Financial Crimes Compliance projects as requested.
• Shadow and support more junior analysts as needed.
• Adhere to defined SLA timelines.
• Provide internal service in accordance with Coastal Core Values.
Requirements:
• Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations.
• Ability to explain BSA concepts with confidence: AML, Customer Information Program (CIP), KYC, Customer Due Diligence (CDD), EDD, OFAC, Suspicious Activity Reporting (SAR).
• Ability to organize, analyze and interpret data to explain complex irregularities or trends.
• Ability to develop, create and improve systems, structures, and processes.
• Ability to observe strict confidentiality requirements.
• Strong analytical skills and ability to resolve complex problems with minimum guidance.
• Strong attention to detail and accuracy, strong research skills from all available sources.
• Effective time management, planning and organizational skills.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Is a self-starter that requires little to no prompting from supervisors.
• Strong verbal and written communication skills.
• Intermediate Excel capabilities.
• 3-5 years of previous financial institution experience with a significant emphasis in the area of anti-money laundering compliance, consumer compliance, audit/bank operations and/or equivalent experience.
• 3-5 years of experience filing SARs to FINCEN.
• 3-5 years of experience conducting financial crimes compliance investigations.
• 2-4 years of experience in audit, quality control/quality assurance preferred, or equivalent experience.
• Certified Anti Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or Certified Financial Crime Specialist (CFCS) certification required.
• Advanced knowledge of the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control requirements.
• Ability to develop and/or enhance AML operating processes to achieve high levels of effectiveness, to include SAR filing.
• Experience with Microsoft suite of products to include Outlook, Word and Excel.
Benefits:
• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
• Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
• Holidays: Enjoy 11 paid holidays throughout the year.
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• Conduct Quality Control audits on team workflow processes and their timeliness, and prepare summaries for management team regarding QC reviews, including observations and recommendations.
• Process cases with an increased complexity level such as fraud rings, high dollar, high risk cases independently.
• Identify trends and/or typologies within QC reviews of deficiencies in the AML review and documentation process, and recommend enhancements based on trends in QC data.
• Maintain knowledge of Banking products and services including those considered complex or High Risk such as Money Service Businesses (MSBs), Private ATM owners, Marijuana Related Businesses (MRBs); as well as knowledge of current and former Banking as a Service (BaaS) partners and their relevant products and services.
• May partner with the AML QC Manager and Risk Operations leadership on the development of written procedures and processes to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments.
• Follow all applicable federal laws, rules, and regulations relating to Anti-Money Laundering (AML) including the Bank Secrecy Act (BSA).
• Support Financial Crimes Compliance projects as requested.
• Shadow and support more junior analysts as needed.
• Adhere to defined SLA timelines.
• Provide internal service in accordance with Coastal Core Values.
Requirements:
• Strong knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations.
• Ability to explain BSA concepts with confidence: AML, Customer Information Program (CIP), KYC, Customer Due Diligence (CDD), EDD, OFAC, Suspicious Activity Reporting (SAR).
• Ability to organize, analyze and interpret data to explain complex irregularities or trends.
• Ability to develop, create and improve systems, structures, and processes.
• Ability to observe strict confidentiality requirements.
• Strong analytical skills and ability to resolve complex problems with minimum guidance.
• Strong attention to detail and accuracy, strong research skills from all available sources.
• Effective time management, planning and organizational skills.
• Ability to manage multiple tasks/projects and deadlines simultaneously.
• Is a self-starter that requires little to no prompting from supervisors.
• Strong verbal and written communication skills.
• Intermediate Excel capabilities.
• 3-5 years of previous financial institution experience with a significant emphasis in the area of anti-money laundering compliance, consumer compliance, audit/bank operations and/or equivalent experience.
• 3-5 years of experience filing SARs to FINCEN.
• 3-5 years of experience conducting financial crimes compliance investigations.
• 2-4 years of experience in audit, quality control/quality assurance preferred, or equivalent experience.
• Certified Anti Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or Certified Financial Crime Specialist (CFCS) certification required.
• Advanced knowledge of the Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control requirements.
• Ability to develop and/or enhance AML operating processes to achieve high levels of effectiveness, to include SAR filing.
• Experience with Microsoft suite of products to include Outlook, Word and Excel.
Benefits:
• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.
• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.
• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.
• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.
• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.
• Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.
• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.
• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.
• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.
• Holidays: Enjoy 11 paid holidays throughout the year.
Apply tot his job
Apply To this Job