AML Operations Analyst

Bank OZK Little Rock , AR 72215

Posted 3 weeks ago

Basic Qualifications:

  • Bachelor degree, or commensurate work experience, required.

  • Minimum of two (2) years of work experience in AML, or comparable field, in a financial institution required.

  • Professional Certification (CAMS, CFE, CBAP, CRCM or other related certifications), or willingness to obtain certification within approximately 18 months of employment, required.

Job Purpose and Scope:

Responsible for processing Currency Transaction Reports (CTRs), ensuring accurate records are maintained on the bank-wide Monetary Instrument Log, assisting with resolution of CIP exceptions and performing AML alert reviews. Reports to the AML Operations Manager.

Essential Job Functions:

  • Performs AML alert reviews.

  • Uses case management, monitoring software, other Bank systems and third party websites and repositories to perform tasks.

  • Researches, analyzes and manipulates transactional data using system-generated spreadsheets to identify suspicious activity.

  • Forms initial determinations regarding additional actions to be taken.

  • Reviews customer accounts for large currency transactions to identify potential cash structuring.

  • Prepares CTRs for review and filing by the AML Operations Manager.

  • Identifies and recommends business customers who may be eligible for CTR reporting exemptions.

  • Identifies opportunities for additional training of Bank employees on CTR completion.

  • Assists the AML Operations Manager in reviewing Phase I and Phase II exempt customers to validate their continued exemption status or revocation.

  • Reports any late CTR filings or potential late filings to the AML Operations Manager.

  • Responds to questions from retail staff regarding large currency reporting procedures and policy.

  • Reviews bank-wide Monetary Instrument Log for record of required transactions.

  • Assists with resolution of CIP exceptions.

  • Assists in the scrubbing of customers and transactions against the 314a list.

  • Assists in OFAC related screenings and "hit" resolutions.

  • Assists the AML Operations Manager in preparing reports and documentation at the request of auditors, examiners or Bank senior management.

  • Achieves and maintains satisfactory quality assurance (QA) scores in accordance with departmental standards.

  • Assists other teams within BSA Administration, as necessary.

  • Regularly exercises discretion and judgment in the performance of essential job functions.

  • Maintains good punctuality and attendance to work.

  • Follows Bank policy, procedures and guidelines.

  • Performs or assigns other tasks as directed by the AML Operations Manager.

Knowledge, Skills & Abilities:

  • Knowledge of BSA/AML laws (including Bank Secrecy Act, USA PATRIOT Act, US Treasury AML guidelines and OFAC requirements).

  • Knowledge of due diligence and enhanced due diligence processes and advanced research techniques using the Internet, public websites and third-party repositories.

  • Knowledge of AML software and case management systems.

  • Ability to communicate effectively, both verbally and in writing, including ability to present to senior and executive management.

  • Ability to work effectively independently, without supervision.

  • Ability to multi-task, organize work, manage projects and prioritize work projects in a timely manner.

  • Ability to maintain attention to detail.

  • Skill in using computer, including Microsoft Office Suite (i.e., Word, Excel, PowerPoint and Outlook).

Equipment Used in Job Performance/Working Environment:

  • Computer

  • Telephone

  • Photocopy Machine

  • Facsimile Machine

Major Job Demands (Physical/Mental):

  • Decision-making

  • Problem-solving

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AML Operations Analyst

Bank OZK