FCBank, BSA​/AML Quality Control Analyst

BSA/AML Quality Control Analyst

The BSA/AML department is dedicated to protecting the Bank from illicit activity related to money laundering and terrorist financing.

A BSA Quality Control (QC) Analyst is a BSA/AML industry expert with strong attention to detail who adheres to department policies, procedures and regulations. This role combines technical expertise while ensuring high-quality work, regulatory compliance, and consistent application of department policies and procedures.

Below is a list of essential functions of this position. Additional responsibilities may be assigned in the position.

Key Responsibilities

• The role supports various processes covered by the BSA Policy, including anti-money laundering (AML)/countering the financing of terrorism (CFT), and Office of Foreign Assets Control (OFAC) compliance.
• Responsible for conducting quality control activities on BSA alerts which include but are not limited to typologies in the AML, Customer Due Diligence (CDD), OFAC, and 314(a) workflows.
• Responsible for conducting quality control activities on Currency Transaction Reports (CTR) and other monitoring as assigned.
• Responsible for conducting quality control activities on AML, CTR Exemption, Enhanced Due Diligence (EDD), and other cases.
• Responsible for conducting quality control activities on Suspicious Activity Reports (SAR).
• Provides clear and concise written and verbal feedback to the team members and assists with questions as necessary.
• Maintain strong working knowledge of applicable regulations including BSA/AML, USA Patriot Act, OFAC, FFIEC BSA/AML Examination Manual, and department policy and procedures.

Attitudes

Build positive relationships with internal and external clients by valuing other's feelings and rights in both words and actions, and embracing other's unique beliefs, backgrounds, and perspectives by demonstrating:

• Respect and Leadership :
  Provide daily mentoring and coaching to the team as needed. Lead by displaying the ability to research and comprehend a high level of knowledge in current and developing regulations.
• Client Focus :
  Working with department peers and management to ensure the BSA department produces the best possible quality product.
• Inclusion :
  Works to develop and maintain positive working relationships with team members in the BSA department and other areas of the bank.

Behaviors

Demonstrates strong business ethics and honest behaviors and the ability to positively influence and work with others to achieve excellent results by demonstrating:

• Integrity :
  Displays strong adherence to internal policies and procedures, as well as external regulations. A significant level of trust and diplomacy is required to be an effective subject matter expert in this position.
• Collaboration and Innovation :
  Possess and display a positive approach in managing change, while demonstrating excellent communication skills through effective conversations and collaboration. Strong interpersonal skills are essential.
• Volunteerism :
  Foster the bank's culture by utilizing paid volunteer time.

Competencies

Reflects skill, good judgement, positive conduct, and personal responsibility for assigned areas. Seek to implement and leverage services and technologies that create efficiencies by demonstrating:

• Accountability :
  Technological ability and willingness to work remotely from home as required. Strong organizational skills. Ability to maintain personal and work direction when faced with ambiguity.
• Professionalism :
  Ability to maintain composure under pressure or adverse circumstances, using effective strategies for managing personal stress.

Position Level Expectations

• This role provides independent, ongoing monitoring to ensure regulatory compliance, internal policy adherence, and data integrity, as well as adequacy, effectiveness, and efficiency of internal controls.
• Responsible for completing assigned work within SLA, as well as completing work to procedural and regulatory standards.
• Conduct root-cause analysis to identify systemic issues or procedural weaknesses.
• Provide effective and timely communication to management on matters requiring attention and provide timely and essential communication to the team as required.
• Support the design, maintenance, and execution of AML/BSA Quality Control (QC) Procedure
• Comfort in operating in ambiguity; executing sound judgment when procedures or policy have room for interpretation. It is not expected that policy/procedure will cover every scenario. It is necessary to have a curious mindset coupled with strong risk management and logical thinking skills.
• Specific BSA Quality Control Analyst I Responsibilities:
• BSA Alert QC activities
• BSA CTR QC activities
• BSA EDD Case QC activities
• BSA Manual Monitoring QC activities
• Specific BSA Quality Control Analyst II Responsibilities, in addition to the above:
• BSA AML Case activities
• BSA SAR QC activities
• Serving as a member of SAR review committee
• Assisting with additional duties, including assignment management

Seeks Professional Development…