BSA/AML Analyst

The BSA/AML Compliance Analyst will be responsible for ensuring the organization's adherence to the BSA and AML regulations. This role involves conducting detailed reviews of customer accounts, transactions, and activities to identify potential suspicious behavior, as well as ensuring that the company's policies and procedures are aligned with regulatory requirements. Client Details Our client is an International Bank that has their headquarters in South America. They have been around for over 85 years and focuses on central banking activities rather than commercial banking. Description Monitor daily transaction activity to detect and report suspicious activity in compliance with BSA/AML regulations, including Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs). Conduct Enhanced Due Diligence (EDD) on high-risk customers, accounts, and transactions. Assist in the development, implementation, and maintenance of BSA/AML policies and procedures. Perform periodic BSA/AML risk assessments and recommend improvements to the overall compliance program. Stay current with changes to federal and state BSA/AML regulations, industry trends, and best practices. Conduct ongoing reviews and investigations of customer activity for potential money laundering or other suspicious activities. Collaborate with other departments, such as Legal, Operations, and Risk Management, to ensure compliance initiatives are properly implemented and maintained. Respond to requests from regulatory agencies, auditors, and senior management regarding BSA/AML compliance matters. Participate in BSA/AML training programs for employees to ensure ongoing awareness of compliance requirements. Maintain accurate documentation for compliance reviews, investigations, and filings. Profile Bachelor's degree in Finance, Accounting, Business Administration, or a related field. Fluent in Spanish ** IS REQUIRED ** 2-5 years of experience in a BSA/AML compliance role within the financial services industry. In-depth knowledge of BSA/AML regulations, USA PATRIOT Act, and OFAC requirements. Strong analytical skills with the ability to detect and identify suspicious activities. Experience with compliance software and transaction monitoring systems. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) are preferred. Excellent written and verbal communication skills. High attention to detail and the ability to work independently or as part of a team. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint). Job Offer The client is offering a competitive hourly rate and the opportunity to work on a long term contract with a sophisticated compliance department. If you are FLUENT in Spanish and interested, please apply through this job posting. MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Created: 2024-11-07