AML Compliance Analyst

Security Service Federal Credit Union; San Antonio (TX); Remote; USD 55,000 - 75,000; Full time

Job summary

A leading financial institution is seeking an AML Compliance Analyst to join its dynamic team in San Antonio. This entry-level position requires a Bachelor's degree and offers the chance to work on compliance regarding anti-money laundering practices. You will perform critical analyses and investigate suspicious activities while ensuring adherence to regulatory requirements.

Qualifications

• Minimum of two years of AML/BSA/OFAC monitoring experience.
• Knowledge of KYC, CIP, Anti-Money Laundering regulations.

Responsibilities

• Ensures adherence to the AML program.
• Conducts periodic account/member reviews.
• Investigates system generated AML alerts.

Skills

Attention to detail

Analytical skills

Knowledge of financial products

Communication skills

Education

Bachelor's degree in business administration

Tools

Verafin AML application

Job description

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What You Will Do

The AML Compliance Analyst ensures adherence to the credit union's Bank Secrecy Act/Anti-Money Laundering program. Performs analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical member activity and regulatory definitions of suspicious activity. Conducts periodic account/member reviews to detect potentially suspicious activity while documenting steps taken through the investigation process within the centralized case management system. Identify anomalies as they relate to AML initiatives, AML/BSA regulations, and industry best practices, escalates findings to AML management. Investigates system generated AML alerts to determine regulatory filing requirements for suspicious activity or large cash transactions through internal transactions, business unit follow-up and where necessary, information sharing (314b) requests with other financial institutions. Completes any other job-related duties needed to help drive to our Vision, fulfill our Purpose, and abide by our Organization’s Values.

What You Will Do

The AML Compliance Analyst ensures adherence to the credit union's Bank Secrecy Act/Anti-Money Laundering program. Performs analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical member activity and regulatory definitions of suspicious activity. Conducts periodic account/member reviews to detect potentially suspicious activity while documenting steps taken through the investigation process within the centralized case management system. Identify anomalies as they relate to AML initiatives, AML/BSA regulations, and industry best practices, escalates findings to AML management. Investigates system generated AML alerts to determine regulatory filing requirements for suspicious activity or large cash transactions through internal transactions, business unit follow-up and where necessary, information sharing (314b) requests with other financial institutions. Completes any other job-related duties needed to help drive to our Vision, fulfill our Purpose, and abide by our Organization’s Values.

What We Require

Bachelor’s degree in business administration or equivalent education and/or experience. Minimum of two (2) years of AML/BSA/OFAC monitoring and filings with an aggregation AML software experience. Knowledge of financial products and services. Sound knowledge of regulations as applied to KYC, CIP, Anti-Money Laundering, and the Bank Secrecy Act requirements with emphasis on transaction monitoring. Strong understanding of financial crimes and common money laundering typologies. Ability to work effectively as part of a team and independently, as necessary.

Ideal Candidate Will Have

Verafin AML application experience. An extremely elevated level of accuracy in reviewing documentation to recognize irregular or suspicious transactions, take appropriate steps and/or notify AML Management. Excellent organizational skills as well as interpersonal skills to effectively communicate with others. Ability to work under pressure, demonstrate a willingness to learn, and exhibit professional maturity.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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