BSA/AML Analyst Sr-Team 1
Company: Flagstar Bank
Location: Hicksville
Posted on: May 1, 2024
Job Description:
A BSA/AML Analyst Sr. is responsible for maintaining certain
aspects of the Bank's ML/CFT program and assists in meeting and
maintaining BSA/AML compliance requirements of the Bank. Complies
with all applicable, federal and state laws, regulations and
guidance, including those related to Anti-Money Laundering (i.e.
Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to
the Bank's policies and procedures to mitigate risk exposure to the
Bank. Assigned to a team that is responsible for working with the
Bank's transaction monitoring system to help prevent, detect, and
deter ML/TF and other illicit financial activity using a risk-based
approach. This includes performing alert reviews to identify normal
and abnormal transactional activity that may range from routine to
highly complex utilizing customer KYC, external research, and
detailed account analysis. Alert adjudications may result in
potential escalation for additional review. Assists with mentoring
and training team members. Must possess excellent analytical skills
and be able to handle multiple complex tasks concurrently.
- ---(80% of time) Perform analysis and complete dispositions on
alerts for potentially suspicious activity as it may relate to
money laundering, terrorist financing, and other financial crimes.
Ensures that alerts are conducted on a timely basis. -
- (10% of time) Engage in additional assignments as directed by
management. Attend and participate in team/department staff
meetings and continuing education training. Acquire and maintain
working knowledge of all compliance, regulatory, and business unit
policy, standard and procedure requirements associated with the
job. Ensure compliance with applicable federal, state and local
laws and regulations. Complete all required compliance training.
Maintain knowledge of and adhere to internal compliance policies
and procedures. Take responsibility to keep up to date with
changing regulations and policies. May assist with updating
departmental procedures and providing metrics and trending
information to management.
- (5% of time) Communicates with branch personnel and management
to verify accuracy of customer information & determine if activity
in question is expected for the particular type of customer, and
are responsible to ensure all discrepancies are documented and
resolved.
- (5% of time) Mentoring and coaching other team members.
- Uses independent judgement and discretion to make
decisions.
- Performs special projects, and additional duties and
responsibilities as required.
- Consistently adheres to regulatory and compliance policies and
standards linked to the job as listed and complete required
compliance trainings. Accountable to maintain compliance with
applicable federal, state and local laws and regulations.
Job Qualifications:
- Education level required: Undergraduate Degree (4 years or
equivalent). Field of study required or equivalent work experience:
Finance, accounting, business management, or criminal justice.
- Minimum experience required: 3+ Years in BSA/AML performing
alert/case financial investigations. Minimum three (3) years of
management experience and/or experience leading and directing
staff.
- Working knowledge and understanding of BSA/AML, OFAC, and USA
PATRIOT Act regulations and risk management principles.
- Working knowledge and understanding of Banking and Lending
products and services and core banking systems such as teller
transactions and accessing customer transaction histories.
- Knowledge of BSA monitoring systems (preferred).
- Strong verbal and written communication skills.
- Sound analytical and problem-solving skills.
- Good organizational skills.
- High degree of accuracy and attention to detail.
- Advanced computer literacy skills with proficiency in Microsoft
Office as well as Internet research techniques.
- Ability to work and contribute to a team-oriented and
collaborative environment to improve the analytical and reporting
processes.
- Ability to meet deadlines and manage multiple tasks and
projects in a fast-paced environment.
- Ability to understand and draw conclusions from research
conducted.
- No travel requirements.
- Physical demands (ADA): No unusual physical exertion is
involved.
Keywords: Flagstar Bank, Trenton , BSA/AML Analyst Sr-Team 1, Professions , Hicksville, New Jersey
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