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)
PSECU, a high-tech progressive financial institution with more than $8 billion in assets, is seeking a Compliance Analyst to conduct compliance monitoring to ensure the credit union’s overall compliance with applicable rules, regulations and statutory requirements. This is accomplished through an effective Compliance Management System which is designed to coordinate and monitor PSECU’s adherence with applicable laws and regulations and performance of the primary duties and responsibilities listed below. The Compliance Analyst performance is based on the primary duties and responsibilities listed below. When recommending action to ensure compliance, the Compliance Analyst, will be conscious of streamlining efforts, cost effectiveness, safety and soundness, and proper maintenance of the internal control structure. Provide assistance to management and the Board of Directors by conducting compliance assessments, analysis, and risk assessments. Provide recommendations, advice, and clarifications of compliance issues. The Compliance Analyst may anticipate assignments that range from assisting on compliance assessments to coordinating and implementing complex regulations. Regularly operates under deadlines. Compliance Analysts are required to maintain an impartial, unbiased attitude and avoid conflicts of interest.
Benefits: We offer a competitive salary, excellent benefits and a great work environment. Along with excellent medical and retirement programs and a generous leave package, our workplace offers tuition reimbursement.
Employee Type: Full-time, Exempt
Schedule: Monday - Friday; 9am-5pm. This is a hybrid schedule working remotely with minimum onsite expectation of 20%, or as needed.
Minimum Starting Payrate: (Commensurate with experience)
Candidate must be bondable and credit worthy.
DUTIES AND ACCOUNTABILITIES - Essential for this position:
MINIMUM / PREFERRED EXPERIENCE AND EDUCATION:
Minimum Experience:
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