Compliance Support Analyst

For over 100 years, ABOC has fostered deep ties with our customers and our community, serving the banking needs of countless businesses, organizations, institutions, and individuals, many for multiple generations. These relationships are based on profound trust, in-depth understanding and highly personal and responsive service provided by our experienced bankers.

We take tremendous pride in being a great place to work! We value the contributions our employees bring to the table every day. We work hard to nurture and maintain a mutually respectful, diverse culture that fosters teamwork and a commitment to exceptional customer service.

ABOC is hiring a Compliance Support Analyst. This position is responsible for monitoring and maintaining compliance within an organization’s systems and processes.

RESPONSIBILITIES:

• Compliance Monitoring: Ensure adherence to BSA/AML policies and procedures, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).
• Transaction Analysis: Analyze customer transactions and behavior to identify potentially suspicious activities that may indicate money laundering or terrorist financing.
• Risk Assessments: Conduct customer due diligence (CDD) and enhanced due diligence (EDD) reviews for high-risk accounts, assessing risk levels and updating customer profiles accordingly.
• Policy Implementation: Assisting in the development, enforcement, and monitoring of internal compliance policies and procedures.
• Monitoring and Reporting: Tracking adherence to banking regulations, preparing reports, and communicating compliance status to management.
• Audit Support: Conducting or assisting with internal audits to identify potential noncompliance or process weaknesses.
• Customer Complaints: Investigate and respond to customer complaints while looking for trends.
• Office of Foreign Assets Control (OFAC) Support: Complete OFAC reviews assisting with vendor management.
• Employee Development: Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.
• Additional duties as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES

• Develop and maintain positive relationships within related business units to ensure partnership approach to compliance risk management.
• Self-motivated individual with a strong work ethic, and the ability to work independently and as part of a team
• Strong organization skills with the ability to multi-task and prioritize conflicting demands
• Demonstrated strong analytical, research, problem-solving, and decision-making skills.
• Strong writing skills and ability to communicate with people at all levels and various backgrounds.
• High attention to detail to ensure compliance with regulations and accurate reporting.
• Proficient with computer skills including Microsoft Office.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

• Associate or bachelor’s degree in business, finance, or other related field (Preferred)
• CAMS or equivalent AML certification is a plus
• Experience with Abrigo or other BSA monitoring software is a plus.
• Knowledge of BSA/OFAC/Fraud function, or equivalent banking experience, plus two to three years' related experience preferred.
• Experience in regulatory compliance within the banking industry or financial services industry.
• Strong work ethic with attention to detail.
• Microsoft 365 experience.

BENEFITS:

• Competitive compensation package
• Full health insurance (medical, dental and vision),
• 401(k)
• Life insurance
• Education Assistance
• Paid Vacation Days
• Employee Assistance Program
• Open-door work environment
• Opportunities for advancement
• Community Service Opportunities

We are an equal opportunity employer and value diversity, equity, and inclusion at our company. We do not discriminate based on any protected category. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.