Job Description

Job Description

Job Description

Position Summary: This position is responsible for adhering to policies and procedures for AML, BSA, OFAC, and USA PATRIOT Act regulations. Must demonstrate accurate investigation, documentation, and disposition of alerts, suspicious activity reports (SARs), ongoing due diligence reviews, and transaction monitoring of lending activities. Must exhibit strong analytical skills, sound judgement, and attention to detail to perform enhanced due diligence (EDD), identify risk indicators ( e.g., unusual transaction patterns or sanctions exposure), and escalate issues as necessary. Proficient in analyzing large data sets, conducting internet-based research, and preparing detailed account summaries and monitoring assessments. A collaborative team player with a positive demeanor, strong communication skills, and the ability to multitask effectively while meeting deadlines. Will serve as a knowledgeable resource for the team on compliance matters related to interbank lending and financial institution clients.

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Adherence to AML, BSA, OFAC, and USA PATRIOT Act regulations, with a focus on interbank lending and fed fund activities.
2. Perform enhanced due diligence (EDD) on market participants, including reviewing KYC information, Wolfsberg surveys, beneficial ownership, and risk assessments for new and existing relationships.
3. Analyze transaction patterns for fed funds accounts and/or revolving lines of credit to detect suspicious activities, such as unusual volume, frequency, or counterparties.
4. Accurately investigate, document, and disposition of alerts, SARs, escalating high-risk findings to senior leadership.
5. Identify risk indicators ( e.g., money laundering red flags, sanctions exposure) using analytical skills and escalate as necessary for further review or reporting.
6. Utilize large datasets, internal records, and external sources to prepare detailed account summaries and reporting.
7. Serve as a knowledgeable resource for the team, communicating findings effectively and supporting cross-functional efforts in AML/BSA monitoring and due diligence.
8. Ensure timely and accurate documentation of all AML/BSA activities, including audit trails for examinations or audits.
9. Stay updated on regulatory changes and contribute to team training on BSA/AML best practices
10. Other related duties as they are assigned.

Supervisory Responsibility:

This position does not have supervisory responsibilities

Job Type:

This is a full-time, exempt position. Typical work hours are Monday through Friday, 8:00am to 5:00pm.

Travel:

Travel is not expected for this position.

Work Environment:

This job operates in a professional office environment. This position uses office equipment such as computers, phones, copy and fax machines, calculators, filing cabinets and printers.

Physical Demands:

This position will be responsible for writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.

Mental Demands:

The incumbent in this position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions.

Education and Experience:

• High degree of accuracy and attention to detail
• Strong analytical and time management skills
• 3-year minimum of prior BSA experience or banking experience is required
• Bachelor’s degree or equivalent work experience required

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