BSA/AML Compliance Analyst

Brief Description
The BSA/AML Compliance Analyst is responsible for monitoring the account activity of traditional banking, Money Services Businesses, Fintech, foreign and domestic customers, and foreign banks.
Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
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Analyze and research transactions to identify suspicious activity.
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Understand jurisdictional risks associated with customer and/or counterparty location.
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Produce analytical reports that detail trends, patterns, and risk factors in customer transaction activity.
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Understand and communicate complex transaction patterns for potential suspicious activity reports filing.
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Understand various sanction programs and investigate escalated potential OFAC matches.
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Understand international wire settlement, SWIFT message operations, and counterparty risk involving international senders/receivers.
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Stay current on industry and regulatory requirements and issues.
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Contribute to the design and execution of compliance training as needed.
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Contribute to the design and execution of compliance risk assessments and reviews as needed.
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Support various committees by creating charts and tables and by drafting memos for presentations.
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Perform other related duties to benefit the mission of the organization.
Requirements
The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
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Minimum 3 years’ experience required in one or more related field(s) including risk-advisory, banking, internal audit, regulatory compliance, BSA/AML Compliance, foreign correspondent banking, Money Service Business, and/or Fintech companies.
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Experience using cryptocurrency risk monitoring/intelligence tools such as Elliptic, TRM Labs, Ciphertrace, Chainalysis, etc., preferred.
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Experience using automated BSA/AML monitoring systems and performing manual transaction monitoring tasks.
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Strong investigative skills using a suite of tools and systems, as well as open-source research related to foreign and domestic companies and individuals.
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Experience and understanding of international payments, cryptocurrency, and wire transfers preferred.
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Ability to quickly learn and adapt to new concepts and demonstrate competence in a complex financial services environment.
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Creative, flexible, responsive, solutions-driven approach to problem solving.
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Experience with compliance analysis and management tools (e.g., Actimize, Ocean Systems, etc.)
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Strong understanding of data analytics using Microsoft Excel’s pivot tables, v-lookups or other similar data analysis tools.
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Proficient using other Microsoft office software.
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Possess superior analytical and critical thinking skills
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Must have strong attention to detail and organizational abilities
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Excellent communication and teamwork skills
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Exceptional follow-up and follow-through mindset and abilities