Perform second-line quality control of the banks AML/CFT program, review suspicious activity reports, file CTRs, support FinCEN 314(a)/(b) reviews, assist audits and regulatory exams, and recommend compliance enhancements.
SUMMARY/OBJECTIVE:
The AML/CFT Compliance Analyst is responsible for performing quality control (QC) of the bank’s first line of defense, and review reporting under the Bank Secrecy Act and bank’s sanctions compliance program. The analyst will work with the AML/CFT Compliance Manager to monitor the functioning of the bank’s anti-money laundering (AML) and countering the financing of terrorism (CFT) program. The AML/CFT Compliance Department (second line of defense) provides a credible review and challenge for the Bank’s first line Financial Crimes Program, while providing guidance to bank departments on inquiries relating to AML/CFT and sanctions compliance.
ESSENTIAL FUNCTIONS:
The AML/CFT Compliance Analyst is responsible for performing quality control (QC) of the bank’s first line of defense, and review reporting under the Bank Secrecy Act and bank’s sanctions compliance program. The analyst will work with the AML/CFT Compliance Manager to monitor the functioning of the bank’s anti-money laundering (AML) and countering the financing of terrorism (CFT) program. The AML/CFT Compliance Department (second line of defense) provides a credible review and challenge for the Bank’s first line Financial Crimes Program, while providing guidance to bank departments on inquiries relating to AML/CFT and sanctions compliance.
ESSENTIAL FUNCTIONS:
- Perform quality control testing of first line of defense anti money laundering and fraud alert reviews.
- Examine reports from the Financial Crimes Department regarding suspicious activity.
- Review and submit accurate filing of the Bank’s currency transaction reports (CTRs).
- Engage in reviews regarding compliance with FinCEN 314(a) and 314(b) programs.
- Assist with the gathering of information for external audits and regulatory examinations and accurately compile required information.
- Keep abreast of developments in related regulations and regulatory agency guidelines; consider any necessary enhancements to the bank's practices.
- Bachelor’s Degree; CAMS, CFE certification (or willingness to obtain certification) is highly desired.
- Minimum 2-3 years of experience in AML/CFT compliance
- In depth knowledge of the anti-money laundering, countering financing of terrorism and sanctions compliance; strong analytical and decision-making skills; organizational skills; AML transaction monitoring software
- Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
- Self-starter with initiative and intellectual curiosity, ability to work independently and detail-oriented.
Northern Bank Woburn, Massachusetts, USA Office
275 Mishawum Rd, Woburn, MA, United States, 10801
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