Job Description

Job Description

Job Description

The FIU Special Monitoring Analyst Senior will oversee the transaction monitoring of certain customers such as Financial Institutions, NBFI, GOE, etc. for money laundering and other financial crimes for and assure compliance with the Bank’s Bank Secrecy Act program. Perform special reviews of certain reports such as FFI Annual Certifications, WLIP, Non-Accrual Reviews, Broker Deposits, etc.

Responsibilities:

• Review and assess information and documentation for Special Monitoring Unit (SMU) clients, including Foreign Financial Institution, NBFI, GOE, etc. to ensure CIP, KYC, CDD / EDD documentation, and requirements are in compliance with policy and regulatory requirements. Request and coordinate update of CDD / EDD documentation as necessary based on the Unit’s procedures.
• Analyze AML system and manual generated alerts for SMU Clients against customers' profiles and documentation to determine whether the alert can be closed or may require more analysis, according to the unit’s procedures. Document alert’s disposition by either closing the review or recommending further investigation.
• Execute and managing Case Investigations, including 90 Day Reviews, for all SMU cases where Alerts were escalated for further review, make recommendations for resolution of the investigation by either closing the case or recommending the filing of a SAR.
• Prepared and coordinate the filing of SARs approved by the SMU Supervisor, follow up until filing is confirmed and track the completion of the follow up review (90 Day Review) in accordance with the unit’s procedures.
• Send requests for information (RFI) to account officers, as well as KYC update request, when required to assess more clearly an unusual activity occurring in an account. Coordinate and followed-up on responses as per department procedures and timeframes.
• Coordinate & execute special reviews for SMU clients, such as CBA Annual Certification and High-Risk Annual Reviews, Visitations, etc., properly documenting the assessment in the respective form and following up process described in the unit’s procedure.
• Ensure the SMU Supervisor is promptly notified of potential reportable activities involving high risk or complex accounts handled by this unit. Provide recommendation for account closures and / or case escalation.
• Maintain accurate tracking of assignments and requests for documentation to ensure proper tracking of deadlines, as well as following up of pending items in a timely manner.
• Ensure that there is a proper level of record keeping retention that proves BSA regulatory compliance evidence during internal/external audits or regulatory examinations.
• Execute and coordinate Special Reviews assigned to the SMU Unit, such as: WLIP Review, Brokered Deposit, Past Due Loans, Banks, and Broker Dealer Reviews, etc. ensuring compliance with deadlines and quality.
• Assist the SMU Supervisor during regulatory exams, audit reviews, and/or special projects as necessary.
• Act as a subject matter expert and advise various business units and other areas on the latest BSA/AML and fraud schemes and terrorist financing activities.
• To identify, evaluate, monitor, and make any recommendation deemed necessary to their respective Risk Management Committee in order to assess, reduce, eliminate or control any current or prospective risks to earnings or capital arising from violations of, or nonconformance with, laws, rules regulations, prescribed practices, internal policies and procedures or ethical standards.

Minimum Education and /or Certifications:

Bachelor’s degree in Banking or Finance, and specific banking institute courses.

Minimum Work Experience Requirements:

Five years or more of prior experience in BSA or bank auditing .

Technical and/or Essential Knowledge:

Proficient in Microsoft Office applications, Infoimage, Nautilus, Paystar, AS-400, Fiserv &

Datapro, SQN, and AssistCK. Good interpersonal skills. Certified Anti-Money Laundering

Specialist.

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