Compliance Analyst (Banking) monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Compliance Analyst (Banking) reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know your Customer (KYC) protocols. Additionally, Compliance Analyst (Banking) may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. The Compliance Analyst (Banking) work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Compliance Analyst (Banking) typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Title: CRA Officer/Compliance Analyst
Posting Date: October 17, 2023
Summary:
This position is responsible for assisting the Compliance Officer in developing, implementing, and administering all aspects of the bank's Community Reinvestment Act Compliance program. This includes establishing, participating, and maintaining relationships with community-based charitable and non-profit organizations. The CRA Officer/Compliance Analyst will help develop and implement programs to ensure the bank meets the needs of the community and attains CRA compliance goals. The CRA Officer/Compliance Analyst will work with the Compliance Officer to advise the Executive Management Group of emerging CRA issues to ensure objectives are maintained.
Key Responsibilities:
Supervisor Responsibilities:
None
Qualifications:
Education and/or Experience
Certificates, Licenses, Registrations:
None
Work Environment:
This position will include working remotely and in a Sturgis Bank & Trust Office.
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0 Compliance Analyst (Banking) jobs found in Elkhart, IN area