Compliance Analyst

Socket.dev; Ada (OK); On-site; USD 55,000 - 75,000; Full time

Job summary

Socket.dev is seeking a Compliance Analyst to support monitoring transactions for policy and regulatory compliance under the direction of the BSA Officer. You will assist with risk identification and mitigation through system reports and trend analysis, testing controls, and cross-team coordination.

The role requires reviewing activity for illicit finance, preparing CTRs and SARs, and maintaining necessary documentation while staying current with evolving laws.

Qualifications

• High school diploma; some college preferred.
• Two plus years banking experience preferred.
• Ability to exhibit core values: Integrity, Enthusiasm, Accountability, Excellence, Customer First, Professionalism, and Respect.
• Proficient with Microsoft Office or related software.
• Excellent organizational skills and attention to detail.
• Sound decision-making skills; able to make decisions independently and quickly.
• Flexibility to adapt to regulatory or policy changes.
• Strong problem solving/analytical skills.

Responsibilities

• For assigned lines of business and/or regulations, review and analyze account activity to verify data integrity, correct errors, or identify illicit financial activity.
• Perform various BSA/AML reviews required to identify and mitigate risks associated with money laundering and terrorist financing.
• Prepare various BSA/AML reports including CTRs and SARs.
• Identify eligibility and maintain documentation for CTR exemptions.
• Download OFAC and 314A lists and perform review of potential matches.
• Maintain documentation required by the vendor management policy.
• Keep abreast of new laws and regulations.
• Assist with regulatory compliance exams.

Skills

Teamwork

Analytical skills

Regulatory interpretation

Decision making

Attention to detail

Regulatory awareness

Adaptability

Microsoft Office

Education

High school diploma

Some college

Tools

Microsoft Office

Job description

Description

Compliance Analyst

Job Summary

The Compliance Analyst works under the direction of the BSA Officer or the Compliance Officer and performs duties related to monitoring transactions for compliance with policy and regulation. The Compliance Analyst is responsible for supporting risk identification and mitigation strategies through monitoring system reports and trends, performing testing of internal controls, and coordinating with coworkers to maintain an appropriate level of risk.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Duties/Responsibilities

• For assigned lines of business and/or regulations, review and analyze account activity to verify data integrity, correct errors, or identify illicit financial activity.
• Perform various BSA/AML reviews required to identify and mitigate risks associated with money laundering and terrorist financing.
• Prepare various BSA/AML reports including CTRs and SARs.
• Identify eligibility and maintain documentation for CTR exemptions.
• Download OFAC and 314A lists and perform review of potential matches.
• Maintain documentation required by the vendor management policy.
• Keep abreast of new laws and regulations.
• Assist with regulatory compliance exams.

Requirements

Required Skills/Abilities

• Ability to exhibit our core values; Integrity, Enthusiasm, Accountability, Excellence, Customer First, Professionalism, and Respect.
• Identify and report risks that could impede the reputation, safety, security, or financial success of the bank.
• Ability to comprehend and interpret federal and state laws that apply to the designated lines of business.
• Proven ability to work in a team environment.
• Excellent organizational skills and attention to detail.
• Sound decision-making skills; able to make decisions independently and quickly.
• Flexibility to adapt to regulatory or policy changes.
• Strong problem solving/analytical skills.
• Proficient with Microsoft Office or related software.

Education and Experience

• High school diploma. Some college preferred.
• Two plus years banking experience preferred.