Senior Financial Crimes Risk Analyst

Origin Bank; Oakville; Hybrid; CAD 60,000 - 95,000; Full time

Job summary

A forward-thinking bank is seeking a Senior Financial Crimes Risk Analyst to ensure compliance with financial regulations. This role involves monitoring suspicious activities, conducting thorough investigations, and performing Enhanced Due Diligence on high-risk accounts. Ideal candidates will possess strong analytical and problem-solving skills, along with a solid understanding of anti-money laundering regulations. Join a dynamic team dedicated to maintaining the highest standards of compliance and risk management in a supportive environment. This position offers opportunities for professional growth and the chance to make a significant impact in the financial industry.

Benefits

Health Insurance

Retirement Plan

Flexible Work Hours

Professional Development Opportunities

Qualifications

• 3+ years of BSA/AML/OFAC experience required.
• Strong knowledge of financial crimes regulations and compliance.

Responsibilities

• Monitor and investigate suspicious activity related to financial crimes.
• Perform Enhanced Due Diligence reviews for high-risk accounts.

Skills

Analytical Skills

Problem Solving

Interpersonal Skills

Communication Skills

Customer Service

Education

High School Diploma or GED

Bachelor's Degree

Tools

Verafin

Microsoft Word

Microsoft Excel

IBS (Core)

nCino

Job description

Summary: Assists in ensuring the Bank's compliance with the applicable aspects of the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations by monitoring, identifying, reporting, and investigating suspicious activity relative to potential money laundering activity, financial crimes and/or terrorist financing. The Senior Financial Crimes Risk Analyst will assess the financial crimes risk of customers so as to ensure compliance with the myriad of Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations related to Customer Identification Procedures (CIP), Customer Due Diligence (CDD), procedures for Enhanced Due Diligence (EDD), and Beneficial Ownership (BO).

Duties and Responsibilities include the following:

• Performs scheduled Enhanced Due Diligence (EDD) reviews of accounts deemed as high risk, including but not limited to Money Service Businesses (MSBs), Marijuana/Cannabis-related Businesses (including those adjacent to this industry), Non-Bank Financial Institutions (NBFIs), Politically Exposed Persons (PSPs), Non-Resident Alien (NRA), Privately-Owned ATM Operators (POATMs), Crypto-Currency, etc.; documents EDD monitoring and tags accounts appropriately in Verafin
• Accurately analyzes transactional account trends and patterns, identification documentation to efficiently document a conclusion upon completion of EDD reviews of high risk customers. Makes recommendations to accept high risk, mitigate to an acceptable level of risk based on the Bank's financial crimes risk tolerance, or refer for account closure
• Provides updated information to the appropriate Financial Crimes Risk Manager for updating/revising procedures for the handling of newly identified high-risk customers, to include the proper method to review such accounts and to report suspicious activity, document relationships and/or recommendation of account closure if deemed necessary
• Reviews reports in Verafin to determine if there are Non Government Organizations (NGOs) Marijuana Related Businesses, or Money Services Businesses unidentified in the financial crimes surveillance system. Adds tags and comments as needed
• Evaluates transactional activity in accounts identified as Privately Owned ATMs (POATMs) or Money Service Businesses to determine any unusual patterns or lack of cash activity based on trends
• Stays up-to-date on Money Service Business and Marijuana Related Business requirements for Louisiana, Mississippi and Texas, Alabama, and Florida as well as federal guidelines
• Communicates with applicable bank personnel to obtain any further documentation and/or information necessary to complete the investigations or reviews of high risk accounts
• Tracks documentation required on all Money Service Businesses and directly works with retail and lending employees to resolve any exceptions
• Processes alerts in Verafin that reflect any Privately-Owned ATM type transactions for accounts not previously identified as POATM owners
• Adds comments to new Remote Deposit Capture (RDC) accounts in Verafin with risk rating assigned
• May be assigned alerts in Verafin for red flags or new account scenarios and others as assigned to review and determine if the alert can be cleared or needs further investigation
• Utilizes a variety of internal bank systems and external research tools to investigate, research, and prepare documentation related to anti-money laundering investigations
• Develops an understanding of the industry and AML related regulations, as well as patterns of behavior that represent suspicious activity
• Stays up-to-date on current and new policies and regulations as they relate to anti-money laundering schemes and characteristics
• Supports any special projects or critical casework regarding BSA/AML matters

Supervisory Responsibilities

This job has no supervisory responsibilities, although they may be asked to serve as a team lead or mentor to less experienced financial crimes team members.

Competencies - To perform the job successfully, an individual should demonstrate the following competencies:

Analytical and Design - Strong problem solving and analytical skills required to succeed in this job; Strong technical troubleshooting skills and ability to juggle simultaneous complex projects.

Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Works well in group problem solving situations; Uses reason even when dealing with emotional or confidential topics.

Interpersonal Skills/Customer Service - Maintains confidentiality; Remains open to others' ideas and tries new things; Responds to requests for service and assistance; Meets commitments.

Oral and Written Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Able to read and interpret written information.

Teamwork - Balances team and individual responsibilities; Contributes to building a positive team spirit; Puts success of team above own interests; Supports everyone's efforts to succeed.

Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; Supports organization's goals and values.

Judgment and Motivation - Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.

Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently.

Professionalism - Approaches others in a tactful manner; Reacts well under pressure; Treats others with respect and consideration regardless of their status or position.

Quality and Quantity - Demonstrates accuracy and thoroughness; Completes work in timely manner.

Adaptability - Adapts to changes in the work environment; Manages competing demands; Able to deal with frequent change, delays, or unexpected events.

Attendance/Punctuality and Dependability - Is consistently at work and on time; Ensures work responsibilities are covered when absent; Follows instructions, responds to management direction; Takes responsibility for own actions; Commits to long hours of work when necessary to reach goals.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

High school diploma or general education degree (GED) required; Bachelor's degree (B. A.) from four-year college or university highly preferred; minimum three (3) years of BSA/AML/OFAC experience required including recent bank BSA compliance experience within the last 12 months. Five (5) years of banking experience (including BSA/AML/OFAC experience) is required. experience with Verafin is preferred.

Certifications

Certified Anti-Money Laundering Specialist (CAMS) or other recognized AML certification required.

Computer Skills

To perform this job successfully, an individual should have knowledge of the Internet, Outlook, Microsoft Word and Excel. Ability to learn bank-specific software such as Verafin, IBS (Core), IBS (Teller Insight), IBS (Deposit Origination), AccuSystems, nCino, Encompass, etc. Ability to use basic office machines.

Other Skills

Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA PATRIOT Act, and OFAC as well as the Bank's policies, procedures, products, services, geographies, and risk profile.

Understands how to operate all systems and software programs used to obtain customer information, transaction history, and archive reports used to gather information for the BSA program.

Bank Culture/Customer Service Skills

Ability and judgment to interact and communicate appropriately with other employees, customers and supervisor. Ability to serve customers, both internal and external, (community/public) in a manner that will reflect superior customer relations and enhance the overall marketing effort of Origin Bank.

Physical Demands

While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.

Work Environment

The noise level in the work environment is usually moderate.

This job description reflects management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. Origin Bank shall, in its discretion, modify or adjust the position to meet the Bank's changing needs. This job description is not a contract and may be adjusted as deemed appropriate in the Bank's sole discretion.

Location

On-site or hybrid within retail branch and operations footprint. Hybrid work may be available at the bank's discretion.

This job description reflects management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. Origin Bank shall, in its discretion, modify or adjust the position to meet the Bank's changing needs. This job description is not a contract and may be adjusted as deemed appropriate in the Bank's sole discretion.

Origin Bank is an equal opportunity employer and we do not discriminate in hiring or employment on the basis of race, color, sex, age, marital or veteran status, non-job related disability, religion, national origin, genetic information or any other basis protected by law.

Remote positions are intended to be filled in states within our footprint, which includes: Alabama, Florida, Louisiana, Mississippi, and Texas. Any exception to this policy requires further regulatory review and approval by management.