AML and Compliance Analyst Job at First Central Saving Bank, Whitestone, NY

SldMUXJsUTdGV2c5TitaZWpyQW1MbGg2dGc9PQ==
  • First Central Saving Bank
  • Whitestone, NY

Job Description

Purpose:
The AML and Compliance Analyst role will assist in carrying out the tasks required to ensure the Bank is following its regulatory obligations under the AML/CFT Act for a newly implemented Cannabis Banking business. 
Salary Range $70,000 - $80,000 annual 
Essential Job Functions :
  • Assess new Cannabis and Hemp related business account applications, confirming the accuracy and completeness of all required documentation to support compliant onboarding.
  • Execute AML reviews/investigations of account activity to determine necessity of SAR filing. Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. internet search results, copies of statements and transactions documentation, results from internal system searches). Complete Suspicious Activity Reports in a timely manner.
  • Conduct periodic Enhanced Due Diligence reviews of high -risk customers to identify activity that is not in line with the customer’s profile.
  • Responsible for Currency Transaction Reporting including daily reviews, processing and preparation of CTRs.
  • Perform OFAC alert reviews that are generated via internal systems and conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
  • Perform Quality Control review of new account opening documentation and provide feedback to branch personnel on KYC issues identified.
  • Responsible for overseeing the Bank’s training program which includes the assignment and tracking of all annual online training.
Required Education, Knowledge, Skills and Abilities:
  1. Bachelor’s Degree
  2. CAMS Certification preferred
  3. 3-4 years of experience in an AML transaction monitoring role
  4. Strong understanding of Anti-Money Laundering (AML), USA PATRIOT Act and AML/CFT Act regulations
  5. Detail oriented, self-motivated, strong communication and writing skills
  6. Ability to interpret data and form a reasonable conclusion
  7. Experience using Abrigo BAM+ preferred but not required

Job Tags

Full time,

Similar Jobs

Perfect Search Media

Digital Marketing Intern Job at Perfect Search Media

What's This All About?Perfect Search offers a Remote Digital Marketing Internship program focused on learning pay-per-click advertising/search engine marketing (PPC/SEM), display/programmatic advertising, and social media advertising, as well as search engine optimization... 

Crimson Education

SAT Tutor (Part-time, Online) Job at Crimson Education

 ...different regions and cultures. Ability to provide clear, constructive feedback and conduct engaging sessions with students and part-time tutors. Familiarity with digital teaching and training platforms. Excellent communication skills and a collaborative... 

The Wilkes Brentwood

Assistant Pastry Chef Job at The Wilkes Brentwood

 ...passion for all things Farm to table California, thrives in a fast-paced, dynamic environment, andtakes joy in creating memorable food for the guest's experience. They: are hospitable, genuine andpositive canthink fastand have a natural sense of urgency are... 

ATC Marietta

Travel LVN / LPN Assignment Job at ATC Marietta

LVN / LPN Travel AssignmentLocation: Jasper, GAUnit: Outpatient Clinic CardiologyDay 5x8-Hour (08:30 - 17:00)Starts: 10/02/2023Duration: 12 WeeksWeekly Stipend will be qualified if lived 50 miles from the location.Contract Length: 13 weeksRequired Certifications... 

Sunbelt Rentals, Inc.

Scaffold Foreman 1 Job at Sunbelt Rentals, Inc.

Join Our Team! Sunbelt Rentals strives to be the customer's first choice in the equipment rental industry. From pumps to scaffolding to general construction tools, we aim to be the only call needed to outfit a job site with the proper equipment. Not only do we offer a vast...