Perform routine to more complex QA reviews of AML and OFAC processes at varied frequencies ranging from monthly to quarterly. The analyst will also perform quality control tasks to ensure suspicious transactions are appropriately identified and documented and Suspicious Activity Reports (SARs) are correctly filed in accordance with regulatory requirements and agency guidelines.
Reviews alerts or work performed by other analysts related to surveillance and monitoring, due diligence reviews, investigative reviews, subpoena process, and sanctions wire reviews. Escalates alerts, cases, and SARs that do not meet corporate BSA standards and follow through to resolution. Responds to questions from less experienced team members and provides guidance. Assists the QA team Lead with administration of quality assurance requirements and procedures to ensure that standards are maintained and specifically that processes and work adhere to risk-based standards for compliance testing. Assesses inherent risks and mitigating controls in the execution of established procedures set for the AML/Sanctions Risk Management program. Recommends process modifications through actionable reporting of observations and findings. Documents results and maintenance of QA reports, findings, observations, and correspondence. Coordinates with the department leadership on quality assurance findings and recommendations to improve accuracy, completeness, and timeliness of documents and processes. Develops new reviews as needed to support business processes. Provides ad hoc technical and administrative support for the department. Develops close working relationships with others in the department to address and resolve issues and concerns. Performs other duties as assigned.
Undergraduate degree in a related field.
Five years investigative experience with specific emphasis on BSA/AML and/or fraud prevention, including five years writing and filing SARs and three years BSA/AML Quality Assurance.
Strong working knowledge of anti-money laundering (AML), Bank Secrecy Act (BSA) and OFAC regulations.
Ability to work independently and take initiative on a range of AML/Sanctions risk related activities.
Excellent verbal, written, and interpersonal communication skills.
Excellent investigative, analytical and problem resolution skills.
Excellent time management skills.
Familiarity using AML Compliance monitoring systems.
A team player able to work effectively in a team fostered, multi-tasking environment.
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.
The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
The Bancorp, Inc.