Global Correspondent Banking & AML Risk Analyst

Madison-Davis, LLC; New York (NY); On-site; USD 95,000 - 140,000; Full time

Job summary

Madison-Davis, LLC seeks an experienced Foreign Correspondent Banking Analyst to support compliance oversight of international correspondent banking relationships. You will conduct enhanced due diligence on foreign financial institutions, assess country and institution risk, review correspondent account activity, and support ongoing regulatory requirements.

The position is ideal for hands-on financial crimes professionals with strong knowledge of correspondent banking who can evaluate complex

Qualifications

• Five to seven years of progressive experience in correspondent banking, BSA/AML compliance, sanctions compliance, or financial crime investigations.
• Professional fluency in Spanish, including reading, writing, and speaking with Spanish-speaking clients.
• Knowledge of USA PATRIOT Act provisions governing foreign correspondent banking.
• Strong understanding of BSA/AML, OFAC, FinCEN expectations for correspondent banking.
• Experience reviewing Wolfsberg CBDDQ responses and related due-diligence materials.
• Experience evaluating country and jurisdictional risk using FATF, OFAC, Basel AML Index, TI data.
• Familiarity with international and domestic payment systems (SWIFT, CHIPS, Fedwire, ACH, real-time payments).
• Experience preparing due diligence, risk analyses, SAR narratives for senior review.
• Strong investigative and written communication skills to manage multiple reviews.

Responsibilities

• Conduct enhanced due diligence reviews of foreign banks, including Wolfsberg questionnaires and AML programs.
• Assess ownership, business activity, regulatory standing, and AML controls of correspondent relationships.
• Evaluate geographic risk using FATF, OFAC, Basel AML Index, TI data.
• Prepare due diligence assessments and risk rationales for senior management.
• Coordinate with relationship management to gather documentation and address information gaps.
• Manage periodic reviews and monitoring of correspondent relationships and transaction activity.
• Review and disposition transaction monitoring alerts, including unusual volumes or patterns.
• Support regulatory inquiries and maintain complete records for examinations.
• Assist with exit or wind-down of problematic relationships.

Skills

Spanish language

BSA/AML

OFAC compliance

PATRIOT Act sections 312/313/319(b)

Wolfsberg CBDDQ

transaction monitoring

investigation writing

Job description

Madison-Davis, LLC seeks an experienced Foreign Correspondent Banking Analyst to support compliance oversight of international correspondent banking relationships. You will conduct enhanced due diligence on foreign financial institutions, assess country and institution risk, review correspondent account activity, and support ongoing regulatory requirements.

The position is ideal for hands-on financial crimes professionals with strong knowledge of correspondent banking who can evaluate complex