What are the responsibilities and job description for the AML/CFT Analyst position at CalPrivate Bank?
Job Title
AVP SENIOR AML/CFT ANALYST
RISK MANAGEMENT
Reports To
AML/CFT OFFICER
Salary Range
TBD
FSLA Status
EXEMPT
Job Summary
Assists AML/CFT Officer with implementation of the Bank’s AML/CFT/BSA/OFAC program, 2020 AML Law, OFAC, CIP, and CFT policies and reporting. Responsible for monitoring, investigation of account activity, identification of suspicious activities and regulatory reporting. Evaluates and analyzes the information uncovered during the investigation and reports findings to AML/CFT Officer.
Duties and Responsibilities
Conduct detailed investigations and analysis of customer transactions, identifying potential money laundering, fraud, or other suspicious activities. Ensure compliance with AML/CTF laws. Responsibilities include analyzing complex data and providing insights to AML/CFT Officer.
SAR Investigations
- Conduct investigations by utilizing the bank’s resources: i.e. system software, reports, database, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity.
- Collect, document, research and compile investigation data (e.g. media search results, copies of statements/checks, results from internal system and internet searches etc.); prepare case files for reporting.
- Review monthly/quarterly cash reports for potential suspicious cash related activity
- Thoroughly document and report SAR and No-SAR investigations; obtain requisite internal approvals; ensure timely preparation and filing of reports.
- Execute higher risk customer enhanced due diligence and reviews
- Investigate, prepare and file suspicious activity reports
CDD / EDD
- Complete assigned AML/CFT software alert reviews in an accurate and timely manner
- Validate/change risk ratings based on review of KYC and CIP performed by branch personnel and report to AML/CFT Officer any deviation or change
- Utilize all resources including account transactional data, AML/CFT software metrics, alerts, historic behaviors, make determinations of irregular activity through understanding of industry norms, business types, and regulatory definitions of suspicious activity.
- Document findings and support narratives in all EDD reports
- Maintain, manage and control an updated EDD log and compare to AML/CFT software reviews
- Prepare, and submit CDD/EDD reviews to AML/CFT Officer for review and sign off
- Review daily core system, AML software cash reports to identify CTR filings.
- Involvement in cash vault process to maintain awareness of client base utilizing service and impact on CTR reporting
- Research and creates reports for management to respond to information requests from FinCEN and other government entities
- Monitors, inform and report to management any issues with AML/CTF software system
- Report to AML Officer monthly activity metrics
Values
- Maintain the highest level of integrity and ethical business practices
- Create, encourage and participate in a collaborative environment
- Assume responsibility for your successes and errors
Qualifications
- 5 years AML and/or compliance experience or equivalent
- 5 years of audit or bank operations experience
- 10 years of banking experience
Skills Needed
- Current knowledge of the laws and guidance applicable to money laundering, including the 2020 AML Law, BSA, USA PATRIOT Act, US Treasury AML/CTF guidelines, FATF, and OFAC.
- Excellent organizational and time management skills
- Strong research skills and analytical abilities
- Report writing and strong technical skills
- Sound judgment and critical thinking skills
- Advanced MS Excel skills
- Comprehensive understanding of general banking operations activities, products and services
- Assists in special projects and tasks for the department
- Good mathematics, reasoning, oral comprehension skills
- Excellent oral and written communications skills
Other
- Travel between bank branches