AML Investigation Analyst II

5 days ago

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Coastal Community Bank

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Description

• ABOUT US Coastal Community Bank is a little bit of banking and a little bit of tech-ing. • The people at Coastal don't just help people with their banking; they help reshape how banking technology allows and serves EVERYONE. • We think and work like entrepreneurs, always moving and constantly improving. • We care about each other, are go-getters, work hard, and play hard. • If you're someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we're all in this together -- you belong here. • WHAT YOU’LL DO AT COASTAL The AML investigation analysts focus on conducting AML investigation cases and filing SARs. • Additionally, they will manage the 314b process (incoming/outgoing) and contact/communication with law enforcement. • Conduct complex investigations aimed at identifying money laundering; gather evidentiary information and maintain case files. • Draft in-depth narrative summaries of suspicious activity; prepare and submit Suspicious Activity Reports (SARs). • Process Unusual Activity Referrals (UARs) received from Bank personnel or partner fintechs, including additional research as needed and case creation. • Conduct regular QC on the 314b and Law Enforcement tracking log. • Actively develop knowledge of criminal methods and AML typologies, applying these characteristics through proactive analysis of transaction data to identify unusual activity. • Responsible for participating in continuing education to maintain and/or enhance job performance. • Stay abreast on industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies to your analysis. • Follow and comply with all regulatory and compliance regulations. • Ensure the timely processing of all AML case work and suspicious activity reporting (SAR) in accordance with Bank Secrecy Act and USA PATRIOT Act, and regulatory guidance issued by the FDIC and FinCEN and CCB Policies and Procedures, including defined SLA timelines. • Cross training/ knowledge share with all BSA teammates. • May temporarily flex onto other teams on occasion. • Assist with special projects within the department as the need arises.

Requirements

• Thorough knowledge of Bank Secrecy Act, USA PATRIOT Act, OFAC and related regulations • Ability to explain BSA concepts with confidence: AML, CIP, KYC, CDD, EDD, OFAC, SAR • Ability to develop, create and improve systems, structures, and processes • Ability to observe strict confidentiality requirements • Strong analytical skills and ability to resolve complex problems with minimum guidance • Strong attention to detail and accuracy • Effective time management, planning and organizational skills • Ability to manage multiple tasks/projects and deadlines simultaneously • Is a self-starter that requires little to no prompting from supervisors • Strong verbal and written communication skills • Strong research skills from all available sources