Compliance Analyst (Banking) jobs in Michigan

Compliance Analyst (Banking) monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Compliance Analyst (Banking) reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Compliance Analyst (Banking) may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Compliance Analyst (Banking) work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compliance Analyst (Banking) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Compliance Analyst
  • Bank of Ann Arbor
  • Plymouth, MI FULL_TIME
  • Job Description:


    Who We Are

    Bank of Ann Arbor is one of the nation’s best financial institutions, serving the Southeast Michigan area for over 25 years! At Bank of Ann Arbor, we help our clients succeed financially. We serve our clients with a purpose and a passion, and our talented team delivers uncompromised value with every interaction. It is the mission of Bank of Ann Arbor to be a dynamic, growing and sustainable community bank that is the premier financial institution within the markets it operates; it will be owned by individuals in its markets, managed locally, and responsive to the needs of its communities. The Bank will serve and partner with its customers and communities to achieve their financial goals through high quality products delivered by energized employees and through community service comprised of donations, time, and leadership. Our employees are valued and will work in a culture that invests in their development and rewards their positive contributions.

    For the third time in five years, we were named one of American Banker's Best Banks to Work For (only 75 of 6,000 institutions were named) thanks to our strong culture, value system, competitive benefits, terrific team, strong commitment to the community, and fun work environment.

    Since Bank of Ann Arbor was founded in 1996, we've consistently supported the communities we serve. We've contributed over $5.4 million to help support area nonprofit organizations, schools, faith-based institutions, the arts, and others. In 2017, Bank of Ann Arbor personnel volunteered more than 3,000 hours to nearly 200 nonprofit organizations.

    Who You Are

    The Bank’s Compliance Analyst will administer a variety of compliance functions for the Bank in relation to our Compliance Program administration, Third-Party Risk Management and Compliance Reporting.

    The successful candidate is analytical and strives to determine the root cause of events and trends. Very data driven, you excel at distilling data into actionable reporting. You are someone who thrives on problem solving and always strives for continuous improvement in all areas supported. You are very organized and does well with time management and has strong written communication skills.

    Your Role

    • Review relevant regulatory guidance, consent orders, enforcement actions, and industry trends and assess the Bank’s practices and exposure accordingly and inform Bank staff of applicable laws, regulations, and rules governing operations and product offerings.
    • Maintain and administer the Bank’s Compliance Training plan for all Bank employees and assist and facilitate with external compliance audits for the Bank.
    • Review customer complaints and work with applicable staff and leadership on responses and resolution
    • Review all marketing and advertising deliverables prior to publication
    • Manage the day-to-day operations within the Bank’s third-party risk management program and software.
    • Work with information security and other departments to ensure adequate review of all vendors and vendor contracts, onboarding any new vendors and conducting periodic performance reviews of existing vendors.
    • Create compliance-related metrics, benchmarks, and KRIs across all lines of business for use in reporting and monitoring.

    Required Experience:


    Your Knowledge and Experience

    • Four-year college degree with a minimum of 3-5 years bank compliance and/or audit experience.
    • CRCM or comparable compliance certifications and JD preferred
    • 1 years of compliance reporting experience
    • Experience with reading and understanding Compliance rules and regulations
    • Strong written communication skills
    • Experience in developing policies, procedures, and guidance for publication to Bank staff and committees
    • Ability to effectively present information to Bank management and staff
    • Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

    From: Bank of Ann Arbor



    Benefits:

    What We Offer

    A great place to work!

    We inspire fresh ideas, bold creativity, and outside-the-box ingenuity by asking, “How can we do banking differently?” We celebrate individual achievement and excellence with proud recognition and upward opportunity.

    We work together in a spirit of “together we can” teamwork, mutual respect, and a unified effort to reach common goals. We work hard but we are fortunate to do it in an atmosphere that’s upbeat and fun. We live our passionate community commitment to strengthen, educate, and elevate the prosperity of the communities we’re proud to call home. Our culture has also been positively influenced by our nationally recognized wellness program. Crain's Detroit Business magazine included Bank of Ann Arbor on its list of Healthiest Employers in Southeast Michigan.

    If you like to work with passion and purpose, collaborate, elevate, and celebrate, Bank of Ann Arbor is the place for you. We don’t call ourselves the World’s Best Bankers for nothing. We are the leaders and best at what we do.

    Comprehensive benefits package to include Medical & Prescription, Dental, Vision, Competitive 401K with match, Generous PTO, Wellness program, Life & Disability Insurance, Critical Care Insurance, Volunteer Opportunities in the Community, Free Banking Products and Dog Days!

  • 25 Days Ago

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Compliance Analyst
  • The Children's Center of Wayne County
  • Detroit, MI FULL_TIME
  • We are looking for an objective, extremely detailed oriented person that is organized and a self-starter. The Compliance Analyst will be capable of adhering to multiple deadlines and meeting goals wit...
  • Just Posted

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Senior Analyst - Investment Banking
  • UHY LLP
  • Farmington, MI OTHER
  • Position Summary THE FOCUS IS YOU: UHY’s Corporate Finance team is on the hunt for a self-motived individual who wants to join a fast-paced, middle-market investment banking team with the opportunity ...
  • 22 Days Ago

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Digital Banking Technical Support Analyst
  • Mercantile Bank
  • Wyoming, MI FULL_TIME
  • Join Mercantile Bank as a Full Time Digital Banking Technical Support Analyst and be part of a dynamic team where problem-solving and innovation are at the core of what we do. You'll have the exciting...
  • Just Posted

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Compliance Analyst II
  • CareSource
  • Detroit, MI FULL_TIME
  • Job Summary:The Compliance Analyst II position is a professional compliance role responsible for supporting the Compliance Program by collaborating and overseeing high risk areas to ensure that the co...
  • 1 Day Ago

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AML Compliance Analyst
  • Comerica Bank
  • Livonia, MI FULL_TIME
  • Anti-Money Laundering Monitoring Analyst The Anti-Money Laundering (AML) Monitoring Analyst will be joining an established team of analyst and will be responsible for reviewing transactions, documenti...
  • 2 Days Ago

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Compliance Analyst
  • Boston Partners Global Investors, Inc.
  • Boston, MA
  • Position: Compliance Analyst Department: Compliance Report to: Sr. Compliance Manager Location: Boston Company Summary: ...
  • 3/29/2024 12:00:00 AM

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IT Compliance Analyst
  • Insight Global
  • Temple, GA
  • Responsibilities: Evaluate and report on the effectiveness of security and compliance controls as well as risk mitigatio...
  • 3/28/2024 12:00:00 AM

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Compliance Analyst
  • Experis
  • New York, NY
  • Our client is seeking a Compliance Analyst to join their team. The analyst will work closely with other team members and...
  • 3/28/2024 12:00:00 AM

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Compliance Analyst
  • Intercontinental Exchange Holdings, Inc.
  • Jacksonville, FL
  • Overview: Job Purpose Intercontinental Exchange, Inc. (NYSE: ICE) is seeking a Compliance Analyst to join our corporate ...
  • 3/28/2024 12:00:00 AM

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Compliance Analyst
  • Madison-Davis, LLC
  • Stamford, CT
  • Asset management company located in Stamford Connecticut looking to bring on board a "Compliance Analyst” to join their ...
  • 3/28/2024 12:00:00 AM

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Compliance Analyst
  • Plus500™
  • Itasca, IL
  • Job Title: Compliance Analyst Reporting Line: CCO Plus500 is looking for a Compliance Analyst to join the Itasca, IL off...
  • 3/28/2024 12:00:00 AM

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Tax Compliance Analyst
  • Erickson Senior Living
  • Baltimore, MD
  • Location: Erickson Senior Living Erickson Senior Living, headquartered in Baltimore, Maryland is a national provider of ...
  • 3/27/2024 12:00:00 AM

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Compliance Analyst
  • J.Y. Legner Associates, Inc.
  • Gibsonton, FL
  • Job Type: Full-time Contract with potential to be hired on This opportunity MUST be worked on a W2 ONLY, NO C2C eligibil...
  • 3/27/2024 12:00:00 AM

Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Compliance Analyst (Banking) jobs
$49,056 to $69,559