Banking Analyst

Location:
Sunnyvale CA after 90 days - This position is 3 days remote, and 2 days onsite.

Works independently and as part of a team to complete the daily review and execution of processes and investigations related to Bank Secrecy Act (BSA) and Anti-Money Laundering (AML).

• Supports the daily processing, monitoring, and analysis of dormancy reports, close monitoring, BSA/AML reports and alerts.
• Prepares all necessary FinCEN and government filings, including SARs and CTRs, as required and within established time frames.
• Monitor member accounts in the BSA/AML platform and perform reviews of high-risk customers.
• Alert the BSA-Fraud Prevention Manager of any accounts that pose a high risk to the credit union and take appropriate action.
• Completes OFAC and FinCEN database scanning as applicable.
• Obtain and research required documentation and other information pertinent to individual cases.
• Adheres to legal requirements and responsibilities in accordance with the law.
• Works with Support Services to respond to law enforcement agency inquiries regarding fraudulent or criminal matters and prepares and responds to incoming subpoenas and search warrants from law enforcement agencies.
• Acts as a liaison with law enforcement (federal, state and local) and social service agencies by providing detailed information and pursuing prosecution/restitution as appropriate.
• Supports fraud prevention, processing, and mitigation efforts, as needed.
• Interacts with members, staff, and related vendors, and employs collection efforts to ensure repayment and mitigation of losses to the Credit Union.

Requires four to six (4-6) years of relevant and progressive financial services experience. Bachelor’s degree in business administration, Accounting, Finance, or the equivalent level of education and experience in BSA, AML and fraud.

• Requires strong knowledge of BSA/AML requirements, check regulations and strong research/problem solving skills.
• Understanding of complex financial institution practices, policies, procedures and regulations.
• Strong written and verbal communication skills required.
• Must be analytical, detail oriented and organized.
• Ability to effectively address multiple tasks/priorities and work independently with limited supervision.
• Must be a strong team player with the ability to provide courteous, friendly, and excellent member service in a fast-paced environment.
• Requires proficiency with Microsoft Office to include Excel, Outlook, PowerPoint, Teams and Word.

ACAMS - Certified Know Your Customer Associate (CKYCA) - Preferred.

Bay One is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race, color, sex, age, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any federal, state, or local protected class.

This job posting represents the general duties and requirements necessary to perform this position and is not an exhaustive statement of all responsibilities, duties, and skills required. Management reserves the right to revise or alter this job description.