AML Compliance Analyst

Full Time

Madison-Davis

EXTERNAL CLIENT ROLE

Job Responsibilities

Compliance Analysts are responsible for performing day-to-day activities which facilitate compliance with regulatory requirements, including those related to Bank Secrecy Act (“BSA”)/Anti-Money Laundering (“AML”) & Sanctions.

Know Your Customer (“KYC”):

• Conduct Customer Due Diligence (“CDD”) and/or Enhanced Due Diligence (“EDD”) on clients in accordance with procedures

• Perform periodic and event driven reviews on clients in all risk classes in accordance with procedures

• Perform due diligence research on client profiles such as politically exposed person (“PEP”) status, beneficial ownership, correspondent banking, and sanctions-related issues

• Review KYC documentation provided by the business lines for accuracy and inconsistencies, and to assess the AML risk of the account

• Liaise with business lines, functional units, and clients to provide advice and acquire missing client KYC information and documentation

Transaction Monitoring:

• Monitor and conduct investigations on alerts generated by, and cases created in Transaction Monitoring System (“TMS”)

• Report unusual or potentially suspicious alerts and cases to the Deputy Compliance Officer for further review

• Liaise with business lines, functional units, and clients to resolve flagged customer activity and lead investigations

• Conduct continuing activity investigations, as required, and gather information for internal and external documentation requests

• Draft and, upon approval, file Suspicious Activity Reports (“SAR”) based on the investigations conducted

Sanctions Screening:

• Review and disposition sanctions alerts generated during sanctions screening

• Review transactions and make recommendations regarding blocking/rejecting and assisting with completion of Office of Foreign Assets Control (“OFAC”) block/reject reports

• Review and make recommendations regarding potential sanctions issues requiring escalation

• Screen the customer database and internal lists when sanctions watchlists are updated

• Perform Specially Designated Nationals (“SDN”) update screening against the Branch Good Guy list and customer data

• Maintain and update Good Guy list and Branch Black list by adding, removing, and revising entries

• Confirm that updated sanctions watchlists provided by the vendor are properly loaded in the sanctions screening system

Other:

• Provide general support to the U.S. Compliance Officer and the Deputy Compliance Officer

• Execute ad hoc compliance-related projects

• Complete Section 314(a) screenings

Job Qualifications

• A college degree and 1+ year or more working experience in compliance.

• Excellent verbal and written communication skills

• Excellent attention to detail and accuracy

• Project management skills to handle multiple projects

Preferred Qualifications

• Industry Certification

• Familiarity with Transaction Monitoring and OFAC/Sanctions monitoring systems

• Fluency in Korean

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