BSA/AML Analyst I at Bank of Guam

Hagåtña, Guam, United States -

Full Time

Start Date

Immediate

Expiry Date

07 Jul, 26

Salary

15.8

Posted On

08 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

BSA/AML compliance, Regulatory reporting, Suspicious activity investigation, CTR filing, SAR filing, OFAC reporting, Customer due diligence, Enhanced due diligence, Risk assessment, Analytical skills, Interpersonal skills, Multi-tasking, Written communication, Verbal communication, Microsoft Office, Internet research

Industry

Banking

Description

At the Bank of Guam it all starts with HEART! We are on a mission to delight customers by delivering exceptional service and being there for them when they need us most – just like family. We demonstrate that level of care by being AUTHENTIC, COMPASSIONATE, COURAGEOUS and PERSEVERING in all our interactions. To that end we encourage all employees to find their passion and be their best selves for our customers, fellow employees, and the greater community. We do this by: LIVING THE BRAND and leading with heart and exceeding expectations EMBRACING THE JOURNEY by accepting change and challenging others to do the same BEING AN OWNER of our career and taking responsibility for our actions LOVING TO LEARN by committing to personal growth and development Are you passionate about delighting customers and helping them achieve financial success? If the answer is yes, then come join us! General Summary: In this role, you will be responsible for the day-to-day regulatory reporting requirements including monitoring, investigating and reporting suspicious activity, filing currency transaction reports and filing Office of Foreign Assets Control (OFAC) reports. The work includes responsibility for anti-money laundering (AML) suspicious activity investigations and analysis. You may also perform and review Customer Due Diligence and Enhanced Due Diligence, assessing the risk of new customers to the bank; review alerts; perform Suspicious Activity investigations and when appropriate, prepare Suspicious Activity Reports for filing with FinCEN or the RMI, FSM or Marshall Island government. Category of Essential Functions & Task FLSA Class % Time Manage the Experience Non-Exempt 10% * Respond to external/internal inquiries (departments)by phone or emailas it pertains to CTR’s, SAR’s and BSA/AMLreference to training or customer concerns. * Demonstrate brand behaviors through daily interactions with colleagues, coworkers,customersand other employees Manage the Relationship Non-Exempt 10% * Participate and share ideas during department meetings. * Be open to cross-training,collaboratingand supporting fellow co-workers with tasks to help meet the needs of the business. Manage the Transaction/Tasks Non-Exempt 60% * Performs daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc. * Investigate and assess alerts relating todrug trafficking, money laundering, terrorist financing and other financial crimes via the SAR and High Risk monthlydash boardby performing in depth research on both banking systems and other open and closed source systems. Each analyst must complete a minimum daily number of reviews. * SAR Dashboard:4-5casesrequiredto complete daily. * High Risk Dashboard:2-3casesrequiredto complete daily. * CompleteBSA/AML/OFACtraining for a minimum of 1 houron a monthly basisvia the weekly wrap up assignments. * Complete a minimum of 10credit hours of continued education with the Association of Certified Anti-Money Launderingspecialistor other industry specific training. * Working alerts to make determinations if case isrequired, and then to furtherdetermineSAR/No SAR decisions asappropriate, and within department and regulatory guidelines.Review system generated alerts,assessimpacttoAML processes,conductresearch asrequired, anddocumentresults in written format. * Write suspicious activity reports,filesCTR's, address sanctions alerts, and other applicable AML processesin accordance withregulations and time limitations. * Writing suspicious activity reports as required by the Bank Secrecy Act and related Anti-Money Laundering laws. * All otherduties asassignedtosupport the needs of the Department and/or Business. Mitigate the Risk Non-Exempt 20% * Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures. * Monitors for any suspicious activity and prepares and files Suspicious Activity Report (SAR) asappropriate. * Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends * Complete all bank mandated training. FLSA Categorization Non-Exempt 100% Required Knowledge, Skills and Abilities: * Able todemonstrateexcellent analytical, interpersonal, multi-taskingand written/verbal communications skills. * Must be PC proficient with solid experience in Internet research, Excel, Word, e-mail, powerpoint. * Self-starter, fastlearnerand team player. Education and Experience: * High school graduate or equivalent general education diploma with 2-3yearsbanking experience preferredin banking AML and compliance position. * College degree in banking a plus * ACAMS certification (Association of Certified Anti-Money Laundering Specialists) aplus, butnotrequired. Physical Requirements & Working Conditions: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential function. * Seeing: Must be able to readreportand usecomputerregularly (100%) * Hearing: Must be able to hear well enough to communicatetocoworkers regularly (67-100%) * Fingering/Grasping/Feeling: must be able to write, type, use phone, regularly (100%) * Lifting/Pulling/Pushing Frequently (34-66%) * Climbing/Stooping/Kneeling Occasionally (12-33%) * Seeing: Must be able to readreportand use computer (100%) Must be able to operate basic office equipment (PC, typewriter, fax, copier and telephone) as well as new and emerging technology, including but not limited to smart phones, tablet devices, digital signage and monitors. Must be proficient in Microsoft Office. Fair Labor Standards Act (FLSA) Classification Based off of the duties that are described for this role, this is a Non-Exempt/Exempt role. This is Me! It is important to note that the job description above is intended to describe the general nature and expectation of work to be performed by employees and potential candidates and is not an exhaustive list of responsibilities, duties and skills required. Additionally, it does not establish a contract for employment and is subject to change at the discretion of the Bank. Employees must remain in their respective position for a minimum of 1 year with the exception of a promotional opportunity where the minimum qualifications have been attained.

Responsibilities

The analyst is responsible for monitoring, investigating, and reporting suspicious financial activity in compliance with BSA/AML and OFAC regulations. They will perform daily reviews of transaction data, prepare Suspicious Activity Reports (SARs), and conduct enhanced due diligence on high-risk customers.