Compliance Analyst (Banking) monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations. 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. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. 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)
Reporting to a Compliance Attorney, the Compliance Analyst is responsible for assisting with maintaining client and regulatory compliance for Rausch Sturm. They are responsible for the compilation of data for client required reporting, regulatory controls and client audit preparation for the compliance deliverables.
Responsibilities
· Prepares and reviews client required complaint reports
· Assists in monitoring resolution rates of consumer complaints
· Completes assigned audits and control measures
· Completion of assigned call monitoring
· Researches client and regulatory requirements for process implementation
· Drafts policy and procedure documentation
· Other responsibilities as assigned
Qualifications
High school diploma (or equivalent) is required; Prefer a Bachelor’s degree or 1-2 years experience in a legal profession. Must be able to manage shifting priorities in a fast-paced, results-driven environment. Individual must be proficient in the Microsoft Suite of products.
Job Type: Full-time
Pay: $16.00 - $18.00 per hour
Expected hours: 40 per week
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Work Location: Hybrid remote in Greenwood Village, CO 80111