Anti-Money Laundering (Aml) Analyst

JOB SUMMARY

Assists the Bank’s BSA Officer to ensure BSA regulatory requirements are met. Assists in and performs investigations and transaction monitoring; training and mentoring in the monitoring of new products; mitigating money laundering risks to the Bank and its customers.

DUTIES

• Assist in and perform investigations for cases referred by Bank personnel for unusual activity and document findings accordingly.
• Assist in investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
• Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
• Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
• Administer essential workflow functions such as: monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.
• Perform other duties as assigned.
• Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
• Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues, assessing impact on the Bank, and implementing the changes.
• Assist in providing training and support as needed.
• Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
• Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
• Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.
• Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
• Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.

QUALIFICATIONS

• EXPERIENCE: Minimum of 1 year of experience in BSA/AML analysis at a US Financial Institution. Experience in banking operations, regulatory, legal, or auditing environment with significant exposure to regulatory compliance matters preferred.
• EDUCATION: Bachelor’s degree or equivalent.

SKILLS/ABILITIES

• Knowledge of BSA/AML, USA PATRIOT Act, OFAC laws and regulations, and CTR and SAR reporting requirements.
• PC proficient
• Strong written and verbal communication skills
• Excellent analytical, research, project management, and planning skills
• Organized and detail-oriented

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, and Chicago. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Dental insurance
• Medical insurance
• Vision insurance
• 401(k)
• Disability insurance

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website www.royalbusinessbankusa.com. Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.