What are the responsibilities and job description for the Financial Crimes QA Analyst position at Choice Bank?
Description
The Financial Crimes Quality Assurance Analyst is responsible for performing and assisting in the creation of quality assurance of BSA/AML/Fraud processes. This role will assist in developing and executing a risk-based Quality Assurance (QA) program focused on the review of the design, effectiveness, and overall quality of AML (Anti Money Laundering) alert reviews, case investigations, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SAR), Customer Due Diligence (CDD) reviews, and Enhanced Due Diligence (EDD) reviews of higher risk members as it relates to applicable regulations and adherence to relevant policies, procedures, and processes. Prepare reports on review findings, recommended enhancements, and the status of corrective actions.
Requirements
This position will require periodic travel to support business needs, including team collaboration,
internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary
based on organizational priorities and team needs.
Culture Alignment
Choice is #PeopleFirst, banking second.
People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is “at will” employment. This position description does not create an employment contract, implied or otherwise.
The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out bankwithchoice.com/careers for an outline of current benefit offerings.
The Financial Crimes Quality Assurance Analyst is responsible for performing and assisting in the creation of quality assurance of BSA/AML/Fraud processes. This role will assist in developing and executing a risk-based Quality Assurance (QA) program focused on the review of the design, effectiveness, and overall quality of AML (Anti Money Laundering) alert reviews, case investigations, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SAR), Customer Due Diligence (CDD) reviews, and Enhanced Due Diligence (EDD) reviews of higher risk members as it relates to applicable regulations and adherence to relevant policies, procedures, and processes. Prepare reports on review findings, recommended enhancements, and the status of corrective actions.
Requirements
- Assist in the development of the Financial Crime Quality Assurance program and associated testing and reporting activities.
- Perform quality assurance reviews on a scheduled cadence and additional ad hoc testing as needed.
- Ensure key and emerging Financial Crime risks and controls are accurately implemented across the Bank.
- Assist the Financial Crime team in identifying compliance gaps and improvement opportunities.
- Contributes input to creating technology-based tools and metrics to create effective and efficient reporting of Fintech risks, with the goal of minimizing risk exposure.
- Effective communication skills—both verbal and written
- Demonstrated ability to work independently and collaboratively to drive efficient resolution of decisions and tasks, escalate items requiring attention, and proactive approach at problem solving and continuous improvement
- Ability to maintain control, direction, and motivation in an ever-changing environment
- 2 to 3 years of relevant experience in a financial crimes/anti-money laundering group.
- Perform quality assurance reviews on a scheduled cadence and additional ad hoc testing as needed for a minimum of one process.
This position will require periodic travel to support business needs, including team collaboration,
internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary
based on organizational priorities and team needs.
Culture Alignment
Choice is #PeopleFirst, banking second.
People don’t need just another bank. People need to be supported by a team of trusted partners who will get to know them and their business, understand their challenges, discover their dreams, and recognize the success in bringing people and banking together in our communities.
In contributing to our culture, Choice team members are guided by our core values.
- Embrace change and encourage innovation.
- Know when to ask for help and know when to offer help.
- Better the places we live.
- Work hard. Do the right thing. Have a little fun.
Being #PeopleFirst means that Choice is committed to focusing attention and resources towards creating an environment where everyone feels respected and valued and can do their best work. Doing the right thing means encouraging employees to share their experiences and ideas, and to bring their whole authentic selves to work. Together, we can build an inclusive culture that seeks out, supports, and celebrates diverse voices. We can use our diversity to fuel creativity and innovation and bring us closer to our customers and the communities we serve. Be welcome at Choice. We can see you here.
Disclosure
This job description is intended to describe the general content of, and requirements for, the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities. Some requirements may exclude individuals who pose a significant risk to the health and safety of themselves or other employees.
All employment at Choice Financial Group is “at will” employment. This position description does not create an employment contract, implied or otherwise.
The base salary for this role is listed below. This pay range is posted to comply with wage transparency laws. The base salary may vary based on skill, ability, knowledge, experience and geographic location. Full time employees are also eligible for a competitive bonus and benefits package. Check out bankwithchoice.com/careers for an outline of current benefit offerings.
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