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)
In addition to the responsibilities outlined above, the position will also serve as a resource to assist Business Bankers and the Underwriting groups with general administrative duties, loan-related activities and special assignments, order loan documents, gathers credit information on current and potential borrowers, conduct account research and assist Business Bankers in ensuring loan requests are complete and promotes business for the bank by maintaining good customer relations and referring customers to appropriate staff for new services. The successful Business Banking Customer Liaison must communicate and provide information by relevant methods internally and externally to assist and enable organizational operations.
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0 Compliance Analyst (Banking) jobs found in Taunton, MA area