Compliance Analyst

Bnc; New York (NY); Hybrid; USD 80,000 - 90,000; Full time

Benefits offered by this job

401(k) retirement plan with employer-m

Flexible spending accounts for health

Employee and Family Assistance Program

Flexible PTO and company paid holidays

Wellness fund

Short and Long Term Disability

Life Insurance

Job summary

National Bank of Canada - NY Branch (NBOC) is seeking a knowledgeable compliance professional to join the team led by the Chief Compliance Officer. The role focuses on transaction monitoring, SAR filing, OFAC/sanctions, and KYC reviews in a hybrid NY environment.

You will support data gathering for AML risk assessments, maintain client data in the monitoring system, and assist with audits and regulatory examinations. Strong organizational and analytical skills are essential.

Qualifications

• Requires Bachelor’s Degree or 3+ years in the financial industry with at least 2 years in compliance.
• Experience with transaction monitoring, SAR filing and FinCEN 314(a), CDD rules.
• Strong organizational and interpersonal skills, adaptable to deadlines and regulatory requirements.
• Ability to write clear, concise reports and documentation.
• Proficient with Microsoft Office (Word and Excel).

Responsibilities

• Clear alerts related to transaction monitoring and suspicious activity reporting.
• Conduct investigations for potentially suspicious transactions and file SARs when applicable.
• Assist with 314(a) search lists and OFAC/sanctions hits.
• Perform annual KYC reviews and support new account openings as needed.
• Support data gathering for AML and OFAC risk assessments.
• Update client information in the FIS/AML monitoring system.
• Assist with internal audits, regulatory exams, and related documentation.
• Maintain metrics on OFAC scrubs, payment hits, 314a requests, and monitoring.
• Participate in various compliance projects throughout the year.

Skills

Transaction monitoring

SAR filing

FinCEN 314(a)

CDD rules

Analytical skills

Organizational skills

Interpersonal skills

Education

Bachelor's Degree or 3 years in financial industry

Tools

FIS/AML

World Check

FIRCO

Job description

National Bank of Canada - NY Branch (NBOC) is seeking to add a knowledgeable and driven compliance professional that will become part of our compliance team led by the Chief Compliance Officer. The selected candidate will be responsible for various compliance tasks related to our banking businesses.

NBOC-NY Branch is a bank that is regulated by the Federal Reserve and New York Department of Financial Services.

Your job

1. Responsible for clearingalerts related to transaction monitoring for suspicious activity reporting requirements

• Perform both transaction and account monitoring (using both manual and automated alerts in FIS/AML) of customer activity to detect and manage potential unusual or suspicious transactions. Monitoring to be performed according to the Branch’s policies. Alerts must be cleared before deadlines and in accordance with the Branch’s policies.
• Conduct investigations for potentially suspicious transactions.
• File SARs when applicable.
• Assist BSA/AML/OFAC Officer with periodic testing and model validations of FIS, the Branch’s transaction monitoring system.

2. Responsible for running 314(a) search lists in FIS/AML and clearing any resulting alerts.

3. Clear OFAC/sanctions hits for live payments including wires, checks, and IATs as necessary (FIRCO).

4. Responsible for performing annual KYC file reviews and new account openings as a back up when necessary (adhering to all Branch policies and regulatory requirements including the FinCEN CDD rule). KYC reviews:

• Performing documentary reviews (validation of collected documents) and non-documentary reviews (internet research, screening parties for OFAC/Sanctions/PEP status and adverse news using World Check) on clients who are subject to a KYC Review.
• Validating any changes that may have occurred to the client since their onboarding or last KYC refresher.
• Tracking the progress on receipt of those reviews.
• Maintaining client files and completion of the review process within prescribed deadlines.

5. Assist the CCO and BSA/AML Officer with data gathering for its annual business AML and OFAC risk assessments.

6. Update client information in the Branch’s FIS/AML monitoring system.

7. Audits and Regulatory Examinations: Assist Branch CCO and BSA/AML/OFAC Officer with requirements of documents for all internal reviews, audits, and regulatory examinations.

8. Maintain metrics relating to OFAC scrubs, payment hits, 314a requests and transaction monitoring for branch.

9. Assist Branch CCO and BSA/AML Officer with various projects throughout the year.

Your team

Within the Compliance sector, you are part of a dynamic team reporting to Chief Compliance Officer – NY Branch. You will collaborate with a variety of business partners, including teams in risk management, finance and internal audit. Our team stands out through its expertise, strategic influence, and commitment to continuous improvement.

We strive to offer you maximum flexibility to support your quality of life. This includes a hybrid work environment and a flexible, adaptable schedule.

Prerequisite

• Bachelor's Degree or at least 3 years working in the financial industry, with at least 2 years of compliance experience.
• Experience with transaction monitoring, SAR filing and FinCEN 314(a), CDD rules.
• Must work well under competing deadlines and possess strong organizational skills.
• Have strong interpersonal and analytical skills, detail oriented, organized and proactive.
• Have the ability to write clear, concise, and professional correspondence, reports, and documentation.
• Advanced user of Microsoft Office (Word and Excel).

Candidates that possess the following, is a plus:

• ACAMs certification
• Bi-Lingual French/English (only verbal is fine)

Languages

Skills

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In compliance with all states and cities that require transparency of pay, the annual base salary range for this position is:$80,000 – 90,000 USD.

This position is eligible for variable compensation also.

In addition to competitive compensation, upon hiring you’ll be eligible for a wide range of flexible benefits to help promote your wellbeing and that of your family such as:

• 401(k) retirement plan participation with employer matching contribution
• Flexible spending accounts for healthcare and dependent care
• Employee and Family Assistance Program
• Flexible PTO and company paid holidays
• Wellness fund
• Short and Long Term Disability
• Basic and Buy-Up Life Insurance

We have an offer that keeps up with trends as well as your needs and those of your family.

Our dynamic work environments and cutting-edge collaboration tools foster a positive employee experience. We actively listen to employees’ ideas. Whether through our surveys or programs, regular feedback and ongoing communication is encouraged.

Making a bold move in a people-first environment

We're a bank on a human scale that stands out for its courage, entrepreneurial culture, and passion for people. Our mission is to have a positive impact on people's lives. Our core values of partnership, agility, and empowerment inspire us, and inclusion is central to our commitments. We aim, wherever possible, to provide a barrier-free and accessible environment to all employees.

We strive to provide accessibility measures throughout the recruitment process within the limits of our available resources. If you require accommodations, feel free to let us know during our initial conversations. We welcome all candidates! What can you bring to our team?

Why work at National Bank?

For an environment that supports your career path

There are many varied opportunities for you to progress and develop, and move ahead in your career. This includes on-the-job learning and training, co-development and pairing with other employees, professional support and mentoring, internal career days or discussion forums with our leaders.

For an inclusive and diverse environment

We foster inclusion in an environment where each person’s unique qualities, whether visible or invisible, are celebrated and valued. We welcome all candidates! What can you bring to our team?

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