BSA/AML Analyst - Consultant

posted by: BMT
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The Opportunity
This assignment will last approximately 6-12 months, with the possibility of turning into a permanent role.
The BSA/AML Analyst will provide support and assistance to the BSA Officer on BSA/AML/OFAC compliance issues and will provide support and assistance to the Security Officer on Fraud and Loss Prevention matters. BSA/AML Analyst will identify unusual customer transaction patterns indicative of suspicious activity related to money laundering, terrorist financing, fraudulent check transactions, identify theft, wire fraud, and other Bank related criminal activities; investigate inappropriate and/or fraudulent activity utilizing the Bank's various software applications, including monitoring and managing a variety of reports; escalate issues to management as warranted; aid in the Bank's compliance with Anti-Money Laundering laws and regulations, USA PATRIOT Act, and OFAC; and continuously work to understand and mitigate risks and losses.
This position will be based in Havertown, PA.
Independently conduct and carry to completion the review, evaluation and monitoring of accounts for suspicious activity related to money laundering, terrorist financing, and other criminal activities conducted at or through the Bank
Utilization of anti-money laundering software tools in order to: review, research, and disposition alerts within timeframes designated in departmental procedures and contact appropriate Bank personnel when necessary; document all findings, create individual case folders, and provide all supporting documentation to the BSA Officer on cases requiring additional discussions and escalation to the SAR Committee.
Coordinate and monitor daily, weekly, and monthly reports using Bank's computer systems to verify compliance with BSA/USA PATRIOT Act/OFAC and related activity
Investigate any potential OFAC hits in accordance with Bank procedures and escalate issues to management as warranted
Review, process, and track the bi-weekly 314(a) batch requests received from FinCEN
Remain up-to-date on BSA/USA PATRIOT Act/OFAC compliance matters as they relate to bank operations
Bachelor Degree or equivalent training, required
Must have high degree of analytical, problem solving, organizational and communication skills
Two to four years' overall banking experience, preferably with at least one to two years' BSA/AML, investigative, fraud and/or security experience
Comprehensive understanding of banking and all types of fraud patterns
Good attention to detail and analytical skills
Ability to work in a fast-paced, deadline-oriented environment and demonstrate loss presentation, signature verification, customer service, problem solving and relationship management, while following policies and procedures
Technology Requirements (Must either bring to job or learn on-the-job within 3 months): Jack Henry Silverlake, Yellow Hammer BSA, Yellow Hammer Fraud, FiServ Signature, ML Shield, FIS Fraud Filter, MS Word/Excel, CSI WatchDog Pro
Technology uses includes knowledge and usage of computer database systems and the ability to research, locate, evaluate, decision and report on data from multiple systems
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