BSA/AML Quality Control Analyst II

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The Position

Job TitleBSA/AML Quality Control Analyst II

Job Description

SUMMARY

The BSA/AML Quality Control (QC) Analyst is responsible for executing quality control responsibilities demonstrating proficiency in analyzing complex scenarios involving suspicious activity and/or money laundering. Their core objective is to guarantee the accurate identification, documentation, and timely reporting of all potential suspicious events, in strict adherence to the Bank Secrecy Act Compliance Program's guidelines. The QC Analyst will play a pivotal role in upholding the quality of essential BSA, OFAC and risk processes, ensuring their alignment with departmental standards.   Additionally, assists BSA Quality Control Manager with maintaining necessary records and files to ensure efficient and consistent reporting of all suspicious investigations.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

Perform periodic testing of alert dispositions, case documentation, and regulatory reports produced by the BSA/AML and Fraud department. Conduct quality assurance reviews on transaction monitoring and customer due diligence. Analyze completed cases to ensure that analysis is completed and all required and relevant documentation supporting each review is provided. Provide feedback as appropriate and ensure corrective actions required are completed timely. Conduct research utilizing available systems, databases, and the internet, consistent with the resolution of investigations.   Analyze data and develop effective reporting for various levels of management. Assists in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance with existing requirements along with new and emerging risk to ensure an efficient and well-organized program. Trend data to identify potential gaps and pinpoint discrepancies or inefficiencies. Identify training needs based on themes identified through quality control reviews. Draft procedure documents and working instructions, including visual aids when necessary, to support the written document. Assumes responsibility for special projects including review of the Bank’s BSA/AML and Fraud programs, gathering data, and preparing reports for the BSA Quality Control Manager.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Responds to inquiries or refers inquiries to the appropriate person and exhibits the necessary follow through with customers and/or staff involved.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Serves as subject matter expert for Community Bank staff on money laundering.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dress professionally.

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

• High School Diploma or GED required.
• ACAMS and/or CFE Certifications required.
• Minimum 3-5 years Banking/Compliance experience required.
• Knowledge of federal BSA/AML regulations required.
• Bachelor’s Degree in Criminal Justice/Criminology or Finance/Banking/Business preferred.
• Familiar with bank operations in general.

Technical/Functional Competencies

• Ability to professionally interface (both orally and in writing) with Management and Team members, State and Federal regulators and officials, and business partners. 
• Ability to work with highly-confidential and sensitive business information and to maintain high standards of confidentiality related thereto.
• Proficient in Microsoft Office or similar software programs.
• Must possess a high level of initiative and a natural investigative demeanor.
• Ability to work independently and in a team environment to achieve department goals and objectives consistent with First United’s standards of excellence.
• Must be comfortable managing multiple and/or shifting priorities, and produce professional and accurate work product, sometimes under time constraints.
• Must possess the desire to increase learning and gain further expertise on AML/BSA/OFAC compliance matters

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.

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All Locations:Plano-Parkwood, Sherman-Taylor Street

If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at [email protected] for assistance. 

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.