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)
Opportunity Bank of Montana offers careers in banking with a comprehensive training program, a work life balance and meaningful commitment to your community. Are you looking for more than just a job? Are you ready to make a positive impact on your professional life and in your community?
If so, we want to talk to you!
Opportunity Bank of Montana is adding to our outstanding team with a Compliance Analyst. This position may be based from several of our branches across Montana, with a preference for Missoula, Helena, and Townsend. We are looking for someone with good communication skills and an interest in analyzing data collected from various systems. Attention to detail is a must. As our Compliance Analyst, you will serve as a subject matter expert for assigned consumer finance and deposit-related laws and regulations.
Education and Experience Requirements
High School diploma and 2 years of relevant experience
Education and Experience Preferences
4-year college degree (accounting, business,
economics, finance, management or related) and
relevant college coursework or equivalent
combination of education & experience
Knowledge of bank lending regulations such as
HMDA, CRA, the Small Business Lending rule
(1071), TILA, RESPA, ECOA, Fair Housing Act,
SAFE Act Federal registration, FCRA, Overdraft
Rules, Funds Availability, EFTA, TISA, UDAAP, ACH
Rules and other consumer finance related laws
and regulations
Knowledge of mortgage origination processes,
secondary market, loan servicing activities,
deposit account products and services, and
operations functions
Opportunity Bank of Montana is an equal opportunity employer. It is the policy of Opportunity Bank to provide equal employment opportunity within the Bank and motivate cooperation toward the goal of hiring and promoting available qualified personnel without regard to their race, gender, color, national origin, sex, age, religion, disability, veteran status, marital status, sexual orientation, or any other legally protected status.