Anti-Money Laundering Analyst Jobs

JOB SUMMARY

Assists the Bank’s BSA /AML 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 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 investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
• Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
• Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.
• Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
• Assist in providing training and support as needed.
• Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
• 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.
• Assist in and perform investigations for cases referred by Bank personnel for unusual activity and document findings accordingly.
• Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
• Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
• Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
• 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.

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

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

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:

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