AML/CFT Analyst

Mission Bank; Bakersfield (CA); On-site; USD 55,000 - 74,000; Full time

Job summary

Mission Bank is seeking an AML/CFT Analyst to join our AML/CFT department to support the Bank's adherence to BSA/AML/CFT compliance.

Responsibilities include investigating alerts, performing enhanced due diligence, preparing CTRs and SAR filings, and monitoring OFAC hits with a focus on accuracy and timely reporting. The role requires 2 years banking experience and strong Excel skills.

Qualifications

• Proficient in Excel.
• Detail oriented and thorough in data review.
• Strong ability to analyze and synthesize large amounts of data.
• Excellent written and verbal communication skills.
• Good time management and organizational skills.

Responsibilities

• Assist with the alert workload and monitor suspicious patterns and fraud; conduct SAR investigations and high-risk reviews.
• Perform enhanced due diligence reviews including document gathering, narrative writing, and risk assessment.
• Conduct 90-day SAR follow-up reviews to decide if further SARs are needed.
• Prepare and submit CTRs within regulatory deadline of 15 days.
• Ensure adherence to BSA program requirements (CIP, CDD/EDD/BO, OFAC) and maintain documentation.
• Assist with information gathering for Money Laundering Risk (MLR) reporting.

Skills

Excel

Data analysis

Detail oriented

Written & verbal communication

Time management

Tools

Excel

Job description

We are seeking a AML/CFT Analyst to join our AML/CFT department! An AML/CFT analyst will assist the AML/CFT Officer in ensuring adherence to the BSA/AML/CFT compliance program. Responsible for conducting BSA/AML/CFT investigations, due diligence and tracking. Analyzing alerts and incidents generated for unusual activity. Assist branches affected by AML/CFT Compliance issues & Regulatory requirements. Effective interpersonal, verbal, and written communication skills. Proficient in Excel.

Responsibilities include, but are limited to:

• Assist with the alert workload and the monitoring for suspicious patterns/activity and fraud, conduct suspicious activity report investigations, as well as high risk customer/account reviews, and recommend when to file and not file Suspicious Activity Reports (SARs). May assist in the filing of SARs when necessary.
• Conduct enhanced due diligence reviews which entails research, the gathering of documents, composing a well written narrative, making appropriate recommendations, and assigning appropriate risk factors.
• Perform 90-day SAR follow up reviews; recommending whether continuing activity SAR should be completed.
• Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the regulatory deadline of 15 days.
• Ensure proper identification and adherence to the Bank’s BSA Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
• Ensure BSA files remain current, accurate, and well-documented.
• Assist with gathering information for the Money Laundering Risk (MLR) reporting process.
• Participate in ongoing training to maintain current knowledge of AML/CFT and OFAC regulatory requirements.
• Assist in the compliance of 314(a) and 314(b) responsibilities.
• Monitor potential OFAC matches and take appropriate action to escalates them when necessary.
• Other duties may be assigned by the BSA Officer.
• Complies with federal and state regulations and all established bank policies and procedures

Experience and Skills

Required Experience:

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

Desired Requirements

• Proficient in excel
• Detail oriented
• Strong ability to analyze and synthesize large amounts of data.
• Ability to conduct extensive research and apply data to improve BSA Program
• Strong knowledge of BSA compliance
• 2 years banking experience
• Project a businesslike professionalism to the client in both appearance and manner.
• Possess a strong customer service orientation, and a willingness to place the customer first.
• Possess strong written/verbal communication skills as well as excellent organizational/time management skills.
• Basic skills in computer terminal and personal computer operation; and word processing and spreadsheet software.
• Ability to work with minimal supervision while performing duties.

Environmental & Physical Requirements

• Environment: Work is performed in a traditional office setting
• Physical effort: Ability to lift up to 25 pounds
• Ergonomics: Requires significant computer use and typing

Target Compensation: $54,882 - $74,091 annually, depending on experience.

Mission Bank is an Equal Opportunity Employer and with opportunities for advancement. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, protected veteran status, or other protected categories.