Bsa / Aml Qca Analyst

Come work with us:

Metropolitan Commercial Bank, The Entrepreneurial Bank Since 1999, is headquartered in New York City and operates full-service banking centers in Manhattan; Boro Park, Brooklyn; and Great Neck, Long Island. Metropolitan Commercial Bank is a New York State chartered commercial bank, an FDIC member and an equal opportunity lender. The parent company of Metropolitan Commercial Bank, Metropolitan Bank Holding Corp., is a publicly traded company.

Did you know? Metropolitan Commercial Bank was named by Piper Sandler as one of the Bank & Thrift SMS-All Stars for the year 2022!

About the role:

The primary function of this position is to support the BSA/AML QCA Officer in performing QCA reviews of the Bank's BSA/AML and OFAC Program to ensure high quality standards are maintained for compliance with regulatory requirements and the Bank's established policies and procedures. This includes planning and conducting reviews across multiple BSA/AML and OFAC processes and recommending changes to mitigate risk and minimize impact of identified deficiencies.

Duties and responsibilities of the job include the following (but is not limited too):

• Supports the QCA team in the execution of testing, including documenting, assessing, and reporting testing results.
• Exhibit high quality performance to ensure review and work papers adhere to internal standards and expectations.
• Maintains knowledge of developments in the area of OFAC and anti-money laundering rules and regulations, including FinCEN, BSA/AML and the USA PATRIOT Act, including money laundering trends, patterns and methods, and the associated BSA/AML and sanctions risks ensuring QCA standards and procedures are up to date, recommends changes and/or alternatives for process improvements.
• Reviews sampled data from all BSA & AML related processes, including sampled data from various business units to ensure OFAC compliance.
• May also perform duties including but not limited to the review of policies and procedures, assisting with preparing the testing and review schedule as well as the metrics summarizing the work performed by the QCA Team.
• Reviews Bank and prepaid sampled alerts and cases cleared/closed by AML analysts/investigators to ensure that the appropriate decisions/recommendations have been made, that the appropriate supporting documentation is obtained, and that any decision made is appropriately supported and documented in accordance with department standards.
• Generates related reports, including findings and trends for management in a thorough and timely manner.
• Assists in mentoring initiatives, including the development of training materials, job aids and equivalent tools for driving consistency and quality.
• Identifies potential and emerging BSA/AML/OFAC risks or issues through detailed analyses and offers effective solutions within testing activities.
• Documents review results in a clear and concise manner.
• Maintains QCA standards and procedures, including risk-based standards for testing, and enters quality control findings into QCA database/logs accurately and in a timely manner.
• Communicates any errors/discrepancies found to the appropriate management, Partners with business units to remediate findings identified in QCA reviews and ensures that corrective action is taken.
• Autonomously, accurately, and effectively conduct BSA/AML, and OFAC related QCA reviews across different products and services.
• Performs special projects, and additional duties and responsibilities as required.

Preferred experience, education, and qualifications:

• Interact professionally with other employees, customers, vendors and shareholders
• Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
• Perform quality work within determined timeframes
• Bachelor's degree or equivalent
• A minimum of 5 years of prior investigative experience with specific emphasis on BSA/AML & OFAC is required, including experience with the identification, investigation and reporting of suspicious activity for Banking and Prepaid Access Card.
• Experience in internal controls, compliance/risk management, internal audit or quality control/quality assurance within AML function preferred.
• Professional certifications preferred i.e., CAMS, CFCS, CIA, CFE.
• Work on ad-hoc tasks, assignments and projects as needed

Potential Salary: $70,000 - $105,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.