Financial Crimes Analyst Senior I - Testing And Monitoring

FINANCIAL CRIMES ANALYST SENIOR I
WHAT IS THE OPPORTUNITY?
Under the direction of the BSA Risk Manager, this colleague is responsible for carrying out regulatory/compliance issuance monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment. Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices. Develop new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Plays a key role as a liaison with colleagues throughout the organization related to BSA, AML, OFAC and the USA PATRIOT Act. Responsible for building and maintaining relationships with internal and external customers while providing exemplary customer service. Functions as a backup to the BSA Risk Officer in specific areas as necessary.
Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
What you will do

• Responsible for performing testing of moderate to complex components of assigned engagements within the Financial Crimes Compliance Monitoring Program and/or Annual Test Plan
• Performs review and challenge of self-assurance activities conducted by the First Line of Defense
• Assesses controls for design and operating effectiveness in accordance with established policies, standards and procedures
• Analyzes and escalates issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices.
• Identify gaps and deficiencies in related BSA functions, processes, policies and procedures as well as create and implement corrective actions and track gap remediation.
• Develops and presents training to assist in gap remediation and required enhancements.
• Communicates and escalates (as assigned) identified BSA, AML, OFAC and USA PATRIOT Act operational concerns to the appropriate level of management.
• Completes special projects as assigned.
• Attends internal and external meetings, seminars, workshops, etc. to expand professional expertise.
• Maintains up-to-date knowledge of Bank policies, procedures and industry best practices.
• Exercises independent judgment in identifying issues and assessing risk
• Develops and maintains strong business relationships with first and second line teams across the enterprise
• Articulates control deficiencies clearly and concisely to management
• Maintain authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered/tested
• Assist risk management team with departmental initiatives and other duties as assigned.

Must-Have*

• Bachelor's Degree Degree in Business Administration, Criminal Justice or related area.
• Minimum 5 years of Banking industry experience
• Minimum 4 years of experience in a BSA/OFAC specific role (such as those involving KYC, EDD, financial crime investigations, compliance) at a financial institution
• ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification

Skills and Knowledge

• Working knowledge of banking operations and Bank Secrecy Act/Office of Foreign Assets Control regulations
• Experience using Microsoft Word, Excel and Access required.
• Knowledge and understanding of federal regulations pertaining to the Bank Secrecy Act and Office of Foreign Assets Control required.
• Excellent problem solving and analytical skills required.
• Excellent verbal/written and written communication skills required to interact with all levels of Bank personnel and outside contacts.
• Experience with quality control, audit or compliance testing is preferred.

Compensation
Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.