BSA/AML Compliance Analyst - Job # 3765-6092

BritePros Medical Staffing; Markham (IL); On-site; USD 54,000 - 66,000; Full time

Job summary

A financial institution in Markham, IL is seeking a BSA/AML Compliance Analyst. This role involves monitoring BSA/AML activities, conducting detailed transaction analyses, and ensuring compliance with relevant laws. Candidates should have CAMS or CRCM certification and 5+ years of experience in transaction monitoring. The position offers a salary of up to $60K and a full benefits package. This is not a remote position.

Qualifications

• CAMS or CRCM certification is preferred.
• 5+ years of BSA transaction monitoring experience.
• Knowledge of money laundering laws including the Bank Secrecy Act.

Responsibilities

• Monitor and analyze BSA/AML activity for the bank.
• Prepare detailed write-ups supporting conclusions on transactions.
• Address QC feedback and incorporate into future work.

Skills

Analytical skills

Interpersonal skills

Technical and research skills

Attention to detail

Communication skills

Education

CAMS or CRCM certification

5+ years of relevant experience

Tools

Microsoft Office (Word, Excel)

Database and Internet software

Job description

BSA/AML Compliance Analyst – To $60K – Markham, IL – Job # 3765-6092

Our bank client is seeking to fill a BSA/AML Compliance Analyst role in the Markham, IL area. The position is responsible for performing BSA/AML activity monitoring, analytics, and reporting.

This position offers a competitive salary of up to $60K and a full benefits package. (This is not a remote position)

Responsibilities

• Handle the more complex, higher-risk customers and alert types.
• Perform and document sufficient KYC/CDD information to effectively support alert resolution.
• Conduct a detailed review of alerted transactions to identify if activity is commensurate with customer relationship based on KYC/CDD information available.
• Apply technical knowledge to accurately assess the transactional activity by identifying risks, patterns, and trends that could be related to money laundering and terrorist financing.
• Utilize internal systems, databases available, and internet research to gather information needed to support analysis and draw conclusions related to transactional activity.
• Prepare a write-up that adequately supports conclusions as to “why” the activity is reasonable for the customer or provide recommendations to elevate potential suspicious activity (as needed).
• Adhere to confidential policies, code of ethics, and follow policies and procedures relative to BSA/AML laws and regulations and best practices.
• Address feedback received from QC functions and incorporate into future work products.
• Other duties as assigned by the Chief BSA/AML/OFAC Officer.

Qualifications

• CAMS or CRCM certification is preferred.
• 5+ years of related experience with emphasis on BSA transaction monitoring.
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting.
• Strong analytical skills are required to organize and analyze multiple, complete data sets as well as strong interpersonal and organizational skills.
• Excellent attention to detail and “follow through” skills.
• Strong technical and research skills and Excel skills.
• Excellent writing, analytical, and communication skills.
• Ability to understand and draw conclusions from research conducted.
• Must have an ongoing sense of urgency and a high level of flexibility.
• Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
• PC proficiency with Microsoft Office products including Word and Excel and knowledge of Database and Internet software.