Address
Form of workThe Financial Crimes Quality Assurance Analyst is responsible for performing and assisting in the creation of quality assurance of BSA/AML/Fraud processes. This role will assist in developing and executing a risk-based Quality Assurance (QA) program focused on the review of the design, effectiveness, and overall quality of AML (Anti Money Laundering) alert reviews, case investigations, Currency Transaction Reports (CTRs), Suspicious Activity Reports (SAR), Customer Due Diligence(CDD) reviews, and Enhanced Due Diligence (EDD) reviews of higher risk members as it relates to applicable regulations and adherence to relevant policies, procedures, and processes. This role is responsible for preparing reports on findings, recommending enhancements, and reporting the status of corrective actions.
Responsibilities
- Assist in the development of the Financial Crime Quality Assurance program and associated testing and reporting activities.
- Perform quality assurance reviews on a scheduled cadence and additional ad hoc testing as needed.
- Ensure key and emerging Financial Crime risks and controls are accurately implemented across the institution.
- Assist the Financial Crime team in identifying compliance gaps and improvement opportunities.
- Contributes input to creating technology-based tools and metrics to create effective and efficient reporting of Fintech risks with the goal of minimizing risk exposure.
- Works effectively with stakeholders and risk teams.
Qualifications
- 3+ years in Financial Crimes/anti-money laundering group.
- 3+ years of experience in the execution of quality assurance testing processes associated with financial industry legal, regulatory, risk, and compliance obligations.
- Performing and assisting in the creation of quality assurance processes and testing across the Financial Crimes compliance team
- Extensive understanding of regulatory expectations within the financial industry and ability to demonstrate compliance and risk-based decisions.
- Ability to maintain control, direction, and motivation in an ever-changing environment.
- Strong analytical and reporting skills including experience with a wide variety of reporting tools (e.g., Excel, Tableau, BI Reporting).
- Effective communication skills - both verbal and written.
- Demonstrated ability to work independently and collaboratively to drive efficient resolution of decisions and tasks, escalate items requiring attention, and proactive approach at problem solving and continuous improvement.
- CAMS (Certified Anti-Money Laundering Specialist) certification or pursing certification preferred.
- Bachelors degree, or equivalent experience preferred.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
