BSA/AML Compliance Analyst @ Dama Financial

Job Description

Seeking Kansas City and Surrounding Area Candidates for this position.

Relocation assistance is not offered.

The BSA/AML Analyst assists in the day to day BSA/AML responsibilities within Compliance & Risk Management. Responsibilities will include but are not limited:

to reviewing and investigating alerts; high-risk accounts; identifying suspicious activity, performing enhanced due diligence on customers and accounts,

interpreting company’s policy and procedures pertaining to compliance and BSA/AML/OFAC; keeping up to date on regulations, and ensuring timely

reporting of all activity to the Chief Compliance Officer (CCO).

Duties of the position will include, but are not limited to:

• Act as a resource to all co-workers in understanding compliance requirements and how it affects products and services;

• Conduct enhanced due diligence for customers at on-boarding and on-going monitoring;

• Identify complexity of beneficial ownership with account relationships;

• Review incoming new accounts for compliance with relevant laws, rules and regulations;

• Assist or conduct with transaction testing, data validation, and ongoing customization of monitoring systems;

• Conduct comprehensive investigation reviews of customers by utilizing CIP information, occupation, line of business, income methods, and transaction activity as identified by the risk assessment and system platform predefined triggers.

• Utilize data to research and build a case or activity for suspicious activity and/or scenarios

• Identify high risk activity, relationships and accounts based on tier levels;

• Assist in ensuring compliance with OFAC, PEPs, and other BSA regulatory lists, to include  314(a) searches from Dept of Treasury

• Assist in preparation for internal audits or bank partners examinations;

• Identify deficiencies and make recommendations for overall purpose of the integrity of the BSA/AML program

• Recommend enhancements for marketing materials for products and services to ensure compliance requirements are considered or included;

• Review and contribute to compliance training materials for staff, as needed;

• Update compliance program manuals, upon the request of the CCO as needed;

• Participate in meetings with co-workers, individually or in a group, to identify gaps within current practices and regulatory requirements and then rectify the process to assure regulatory compliance;

• Review and make recommendations for policies and procedures to meet current regulatory expectations and assist in making updates as regulatory changes occur;

• Monitor new and any proposed laws and regulations in a timely manner and establish compliance obligations to allow Dama to effectively meet these requirements;

• Review and understand consumer complaints received by the organization so accurate and

compliant responses are communicated to consumers;

• Conduct research and data gathering for the completion of compliance requirements for

new products & services; and

• Other duties as assigned.

Knowledge & Skills

Minimum

• Working knowledge of compliance regulations governing Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), FFIEC advisory guidelines regarding Know Your Customer (KYC), Enhanced Due Diligence (EDD) Reg CC, Reg G and other areas to include consumer banking, credit card, prepaid card, and third-party risk management.

• Ability to develop and maintain rapport with co-workers to effectively obtain and

communicate compliance information.

• Identify and assess regulatory compliance risks and develop appropriate strategies to

mitigate risk.

• Effectively detect patterns and conditions through observing processes.

• Organized with ability to maintain a complex annual review calendar.

• Ability to work independently.

• Excellent written and verbal communication skills and computer proficiency.

Preferred

• 3+ years of experience or equivalent in audit program development, internal control

consulting, or risk management utilizing.

• CAMS or relative certification.

• Various automated tools and techniques.

• Experience within credit card industry.

• Exhibit superior time management skills (measured by deadlines and quality of

progress and projects completed).

• Advanced decision-making aptitude.

• Demonstrates ability to deal with and meet tight deadlines with limited resources.

• Demonstrates ability to manage multiple projects.

Requirements

Minimum

• Bachelor’s degree or equivalent in Accounting, Finance or Business Administration (w/

strong emphasis in Accounting or Finance).

• 2+ years of BSA Analyst with BSA/AML/OFAC experience within a bank setting.

Target Competencies

• Achievement Orientation

• Communication/Interpersonal Skills

• Demonstrates Integrity

• Initiative

• Internal Partnering

• Problem Solving

• Teamwork and Cooperation

• Business and Industry Acumen

• Technology Proficiency

• Project Management

• Leadership/Management

Work Environment

Ability to handle highly confidential and sensitive information; possess skills to work independently or in a group setting; Flexible personality, as needs change depending on needs of the organization; can Influence a large span of relationships and levels; general business office environment.

Due to the nature of financial systems, you will be required to pass a background check.

Benefits

• Healthcare
• 401K

Send resumes to jobs@damafinancial.com