AML and Compliance Analyst

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:

Bachelor’s Degree

CAMS Certification preferred

3-4 years of experience in an AML transaction monitoring role

Strong understanding of Anti-Money Laundering (AML), USA PATRIOT Act and AML/CFT Act regulations

Detail oriented, self-motivated, strong communication and writing skills

Ability to interpret data and form a reasonable conclusion

Experience using Abrigo BAM+ preferred but not required

Powered by JazzHR

uBOu5jyeAH

Full-time