Bsa/Aml Analyst Jobs

BSA/AML Analyst (remote)

About Us

At Dama Financial, we use financial technology to solve problems that critically impact the growth and reputation of the cannabis industry. We offer innovative, compliant, and sustainable financial products, removing the barriers that exclude cannabis businesses from accessing the fundamental financial solutions required to support a rapidly growing industry. We have a diverse team of payments professionals with deep expertise in financial services, payments technology, and successfully building and growing companies. Throughout the organization, you’ll find people who solve problems, deliver solutions, and deal with uncertainties while building best in class products for the industry.

Duties & Responsibilities

The BSA/AML Analyst assists in the day to day BSA/AML responsibilities within Compliance & Risk Management. Responsibilities will include but not limited to reviewing and investigating alerts; high risk accounts; identifying suspicious activity, performing enhanced due diligence on customers and accounts, interpreting company’s policy and procedures pertaining to compliance and BSA/AML/OFAC, keeping up to date of timely reporting of all activity to the Chief Compliance Officer (CCO). Duties of the position will include, but not limited to:

Duties of the position will include, but not limited to:

• Update compliance program manuals, upon the request of the CCO and as needed;
• Review and contribute to compliance training materials for staff, as needed;
• Assist or conduct with transaction testing, data validation, and ongoing customization of monitoring systems;
• Identify complexity of beneficial ownership with account relationships;
• Conduct research and data gathering for the completion of compliance requirements for new products & services; and
• Assist in preparation for internal audits or bank partners examinations;
• Participate in meetings with co-workers, individually or in a group, to identify gaps within current practices and regulatory requirements and then rectify the process to assure regulatory compliance;
• Identify deficiencies and making recommendations for overall purpose of the integrity of the BSA/AML program
• Other duties as assigned.
• Identify high risk activity, relationships and accounts based on tier levels;
• Act as a resource to all co-workers in understanding compliance requirements and how it affects products and services;
• Recommend enhancements for marketing materials for products and services to ensure compliance requirements are considered or included;
• Review and make recommendations for policies and procedures to meet current regulatory expectations or and assist in making updates as regulatory changes occur;
• Conduct comprehensive investigation reviews of customers by utilizing CIP information, occupation, line of business, income methods, and transaction activity as identified by the risk assessment and system platform predefined triggers.
• Review incoming new accounts for compliance with relevant laws, rules and regulations;
• Monitor new and any proposed laws and regulations in a timely manner and establish compliance obligations to allow Dama to effectively meet these requirements;
• Assist in ensuring compliance with OFAC, PEPs, and other BSA regulatory lists, to include 314(a) searches from Dept of Treasury
• Conduct enhanced due diligence review for customers at on-boarding and on-going monitoring;
• Utilize data to research and build a case or activity for suspicious activity and/or scenarios

Requirements

• Minimum 2 - 5+ Years experience of BSA analyst with BSA / AML / OFAC experience within a bank setting.
• Bachelor’s degree or equivalent in Accounting, Finance (w/strong emphasis in Accounting or Finance).

Knowledge & Skills

Minimum:

• Effectively detect patterns and conditions through observing processes
• Ability to work independently
• Identify and assess regulatory compliance risks and develop appropriate strategies to mitigate risk
• Excellent written and verbal communication skills and computer proficiency.
• Organized with ability to maintain a complex annual review calendar
• Ability to develop and maintain rapport with co-workers to effectively obtain and communicate compliance information
• Working knowledge of compliance regulations governing Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), FFIEC advisory guidelines regarding Know Your Customer (KYC), Enhanced Due Diligence (EDD) Reg CC, Reg G and other areas to include consumer banking, credit card, prepaid card, and third-party risk management

Preferred:

• Exhibit superior time management skills (measured by deadlines and quality of progress and projects completed).
• Demonstrates ability to deal with and meet tight deadlines with limited resources
• 3+ years of experience or equivalent in audit program development, internal control consulting, or risk management utilizing
• Experience within credit card industry
• Demonstrates ability to manage multiple projects
• CAMS or relative certification various automated tools and techniques
• Advanced decision-making aptitude

Target Competencies:

• Achievement Orientation
• Problem Solving
• Demonstrates Integrity
• Communication/Interpersonal Skills
• Project Management
• Teamwork and Cooperation
• Technology Proficiency
• Leadership/Management
• Business and Industry Acumen
• Internal Partnering
• CIP, Compliance Training, US office of Foreign Assets, Data Validation, Research, Regulatory Compliance, Risk Assessment, Due Dilligence, Testing, Onboarding
• Initiative

Work Environment

Ability to handle highly confidential and sensitive information; possess skills to work independently or in a group setting; Flexible personality, as needs change depending on needs of the organization; can Influence a large span of relationships and levels; general business office environment.

Due to the nature of financial systems, you will be required to pass a background check.

Benefits

• Remote (work from home)
• Healthcare
• Generous PTO
• 401K

Send resumes to [email protected]

CHR LI: BSA/AML Analyst

LI: BSA/AML Analyst

Salary commensurate upon experience

Bonus 5% in addition to salary, based on company goals attainment.