BSA AML Analyst (Flex to Work Remote) at WEX Inc.

| Salt Lake City, UT
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Job Description:

This role is open to working remotely.

WEX Bank located in Sandy, Utah is looking to add a self-driven, forward-thinking BSA AML Analyst to their Compliance Team. This role will focus on ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal activity. The BSA/AML program includes Customer Identification Program (CIP) and Customer Due Diligence (CDD), Office of Foreign Assets Control (OFAC) and Sanctions Screening, AML Alert Surveillance, Investigations and Suspicious Activity Report (SAR) Filing, and Enhanced Due Diligence (EDD).

The ideal candidate will have the opportunity to:
  • Assist with various department BSA/AML functions as assigned:
    • Perform watch list screening and review watch list alerts.
    • Research and analyze alerts generated by the AML transaction monitoring system and determine if escalation for investigation is warranted.
    • Complete AML investigations to determine whether or not SARs should be filed and support decision with appropriate analytical justification.
    • Prepare SAR filings consistent with department and regulatory expectations
    • Complete enhanced due diligence (EDD) reviews including research, gather documents, draw conclusions, compose a narrative, and determine the risk rating and follow up needed.
  • Continue to build proficiency of BSA techniques and AML principles and other regulatory compliance requirements by attending internal training, external training, and completing continuing education courses.

Preferred Qualifications:
  • Must pass a successful background investigation.
  • Banking experience preferred.
  • A bachelor's degree in a business-related field and one years' experience in Compliance or BSA/AML, or equivalent level of education and experience.
  • Effective verbal and written communication skills.
  • Well organized with the ability to manage multiple tasks and meet time sensitive deadlines.
  • Ability to work well independently and in groups. Prior experience working in a remote setting is ideal.
  • CAMS Certification welcomed

This job may be performed remotely within the United States, except that it is not eligible to be performed in Colorado.
More Information on WEX Inc.
WEX Inc. operates in the Fintech industry. The company is located in Portland, ME, Edina, MN and West Fargo, ND. WEX Inc. was founded in 2022. It has 4900 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability Insurance, Dental Benefits, Vision Benefits, Health Insurance Benefits and Life Insurance. To see all 3 open jobs at WEX Inc., click here.
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