1. What are the responsibilities of Bank Secrecy Analyst II?
Responsible for ensuring compliance with anti-money laundering (AML) laws by monitoring transactions, investigating suspicious activity, and filing reports with government authorities. Uses data mining and software tools to identify suspicious activity patterns. 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. Stays current on banking regulations such as the US Bank Secrecy Act (BSA) and/or other governmental anti-money laundering laws. Requires a bachelor's degree. Typically reports to a manager. Occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. Typically requires 2-4 years of related experience.
2. What are the skills of Bank Secrecy Analyst II
Specify the abilities and skills that a person needs in order to carry out the specified job duties.
Each competency has five to ten behavioral assertions that can be observed,
each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis:
Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
2.)
Trading:
Trading is the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries.
3.)
Internal Control:
Internal control, as defined by accounting and auditing, is a process for assuring of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies.
