Summary
The AML/CFT Analyst is charged with the responsibility of assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports as required under the BSA, AML, OFAC regulations and the Bank’s BSA/AML Compliance Program and Procedures.
Location: This position is based primarily on-site in our Metairie, LA office. We have a strong preference for candidates who reside within the company’s operating footprint, with particular emphasis on locations in Louisiana. This includes, but is not limited to, the Greater New Orleans area and surrounding communities.
Benefits: What we offer
- Competitive salary
- Comprehensive benefits package that includes the following (based on eligibility and requirements): Employee Stock Ownership Program, Retirement Savings Plan, Medical, Dental, & Vision programs, Health Savings Account
- Career Growth opportunities
- Tuition reimbursement
Responsibilities
- Responsible for identifying potentially unusual activity and customer account behavior identified by transaction analysis, ongoing monitoring, and negative media searches, and through the disposition of alerts generated by the Bank’s transaction monitoring system.
- Provide recommendations for the filing of suspicious activity reports (SARs) as needed and ensure complete documentation is secured and maintained as required by law.
- Assist with high-risk customers as needed.
- Work with front line staff to obtain information that would be helpful during the alert assessment and analysis.
- Assist coworkers/frontline staff with customer identification, customer due diligence, beneficial ownership, and OFAC requirements.
- Review PEP and Sanction alerts for potential matches and conduct research as required.
- Stay current with money laundering and terrorist financing behaviors, trends, patterns and typologies.
- Stay current with rules, laws and regulations (BSA / AML / OFAC).
- Recommend account closures as warranted under the account closing procedures set forth in the Bank’s BSA/AML Compliance Program and Procedures as directed by the BSA/AML Officer.
- Provide other assistance as requested by the BSA/AML Officer in the daily responsibilities of managing the Bank's BSA/AML Compliance Program.
- Perform additional responsibilities as assigned, based on management’s discretion and evolving business needs.
