Junior Compliance Analyst - requires a High School Diploma

Job Description

Summary: The Junior Compliance Analyst is responsible for operational support duties of the Compliance Department; assists the Chief Compliance Officer and the Compliance Officer, as directed. This position will be responsible for communicating with Bank personnel on compliance-related matters as well as customers on fraud-related matters.

Duties and Responsibilities:

Provides clerical assistance and support to all areas of the department as directed or where service or assistance is needed.

Maintains a proficient knowledge of all applicable banking rules and regulations.

Reviews alerts in BSA/AML and Fraud monitoring system to identify, detect suspicious transactions and mitigate fraud.

Collaborate with Bank personnel and fraud victims to thoroughly research and investigate potential fraud.

Create and accurately manage fraud cases within the BSA/AML and Fraud software to prepare detailed investigation reports, including Suspicious Activity Reports (SARs), throughout the life cycle of the case including maintaining supporting documentation.

Performs daily review of BSA/AML and Fraud monitoring software, generated reports, logs and transaction data to identify trends, unusual activity and monitor large currency activity; determines if transactions are suspicious in nature, such as cash structuring in deposits, loan payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.

Works with the Bank's OFAC system and FinCEN 314(a) lists and inquiries; responds to positive hits detected by the Bank's BSA/AML or OFAC software as directed.

Assist with preparing Currency Transaction Reports (CTRs) accurately; reviews daily currency reports to ensure CTR's have been completed for all reportable transactions.

Assists in the filing and review of annual exempt persons.

Assists with compliance training presentations and exercises with all Bank personnel, including materials presented to employees.

All other duties as assigned or needed by the Compliance Department.

Organizational Relationships:

Daily contact with Compliance Department associates and other Bank personnel.

External Business Relationships:

Extensive telephone and/or e-mail contact with customers, departments, various agencies and vendors.

Working: Must demonstrate a high degree of customer service skills to include the use of tact and diplomacy in daily interactions. Exhibit professional telephone etiquette regularly and have superior time management skills.

Language: Must possess the ability to exercise common sense and carry out written and verbal instructions. Must be able to read and comprehend instructions, with the ability to write reports, general correspondence and memos. Exhibit the ability to effectively present information in one on one, group situations, and other fellow employees of the organization.

Mathematical: Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.

Interpersonal: Possess excellent interpersonal skills to effectively communicate with and take direction from supervisors as well as interact with peers and co-workers. Demonstrate a high degree of professionalism, including the use of tact and diplomacy in daily interactions. Exhibit professional telephone etiquette regularly.

Reasoning: Must be able to accommodate to reading documents or instruments, detailed work, problem-solving, reasoning, math, language, presentations, effective communication, analytical reasoning, multiple concurrent tasks, and constant interruptions.

Computer: Word, Excel, Microsoft Office, BSA/AML and Fraud Monitoring System, Silverlake, Cognos, and Synergy.

Education/Experience: Position requires a High School Diploma and at least one (3) years of banking experience in the lending or bank operations area. Requires a minimum of one (1) to (2) two years of experience in the banking compliance industry, combined with basic knowledge in lending and/or operations products, services, activities, and terminology; familiarity with lending and/or deposit compliance regulations. Work-related experience should consist of an in-depth background in Bank BSA compliance; review various areas of compliance related to federal and state laws and regulations; strong ability to prepare detailed audit reports and other Bank operational policies and procedures; position requires minimal supervision.

Physical Requirements:

Travel may be necessary

Must be able to walk long distances to internal and external meetings

Need to be able to stand for long periods of time

Requires the need to sit for extensive periods of time

Requires mental alertness

Able to speak clearly and concisely

Requires keen vision for long periods of time due to reading, writing and close work on computer screens

Must be able to frequently lift 25 pounds or more

A background check is required for this position.

Full-time