Description:
Summary: Assigned the responsibility to assist with compliance functions related to BSA/AML/OFAC.

Essential Duties and Responsibilities:

• Perform sanctions interdiction screening, compliance with export controls and AML/CFT reviews for trade finance activities. Disposition potential matches using the OFAC screening interdiction software. Clearly document the reasoning as to why a potential match is not suspicious or requires escalation.
• Perform sanctions interdiction screening and AML/CFT reviews for cash letter, pouch and remote deposit capture activities from foreign correspondent banks.
• Support the OFAC officer with monitoring of OFAC alerts for potential matches and interdict satisfactorily. Report positive matches and assist with implementation of appropriate mitigants under the guidance of supervisor who is the OFAC Officer.
• Perform periodic documentation and due diligence reviews of foreign correspondent banks, ensuring that due diligence and monitoring is performed in compliance with Bank policies, procedures and supervisory guidance. Ensure that documentation reviews are performed timely and with the upmost quality.
• Support with review of transaction monitoring system generated alerts and profile exceptions as assigned by the Supervisor. Ensure unusual activity is subjected to enhanced due diligence and documented accordingly. Escalate and refer to investigation suspicious activity, following Bank policies and procedures. Complete all assigned monitoring reports timely and with the upmost quality.
• Support in completing customer due diligence for new foreign correspondent bank accounts or other foreign prospective customers, as instructed.
• Create and follow up on “BSA Alerts” when necessary or as instructed by the supervisor and track the status of the alert.
• Support the supervisor with special analyses and/or projects.
• Stay up to date with sanctions, export controls and AML/CFT regulatory developments.
• Support other BSA Analysts with day to day duties, as instructed.
• Manage tracking reports and provide statistics when prompted.
• Performs other duties as assigned.

Requirements:

RESPONSIBLE FOR COMPLIANCE WITH FOLLOWING REGULATIONS (AS APPLICABLE):

• Bank Secrecy Act (BSA) ? Anti Money Laundering (AML)
• Office of Foreign Asset Control (OFAC)
• Know your Customer (KYC)
• Deposit regulations (e.g., Reg. DD- Truth in Savings, Reg. E-Electronic Funds Transfer Act, etc.)
• Lending regulations (e.g., Reg. B- Fair Lending, Reg. C-HMDA, Reg. Z- Truth Lin Lending Act, etc.)
• Unfair, Deceptive, Abusive, Acts or Practices (UDAAP)
• Community Reinvestment Act (CRA)
• Gramm-Leach-Bliley Act (GLBA) and Privacy Act.
  USCB Policies and Procedures: All officers and employees of the bank are to maintain an understanding of all USCB Policies and Procedures as outlined in the bank’s shared drive. All employees are to follow said policies and procedures and report any knowledge of non-compliance.
  Qualifications and Requirements: 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 to enable individuals with a disability to perform the essential functions.
  Language Skills: Ability to read, analyze, and interpret common business, banking, and documents in English and Spanish. Able to respond to common inquiries or complaints from customers or members of the business community. The ability to write reports and business correspondence conforms to prescribed style and format, relate well with others, and quickly create a working rapport. Have the ability to present information to management, employees, and customers.
  Education and/or Experience: Bachelor’s degree (B.S. or B.A) or High school diploma and a minimum of two years of banking experience. A preference for candidates with ACAMS Certification of Global Sanctions Specialists and/or FIBA AMLCA certified candidates.
  Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel objects or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
  Work Environment: 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 functions. The work environment is a climate-controlled office setting where the noise level is usually moderate.
  Work Habits: Include regular attendance, teamwork, initiative, dependability, and promptness.
  Disclaimer: This job description is not employment agreement or contract. Management has the exclusive right to alter this job description at any time.

Essential Duties and Responsibilities:

• Perform sanctions interdiction screening, compliance with export controls and AML/CFT reviews for trade finance activities. Disposition potential matches using the OFAC screening interdiction software. Clearly document the reasoning as to why a potential match is not suspicious or requires escalation.
• Perform sanctions interdiction screening and AML/CFT reviews for cash letter, pouch and remote deposit capture activities from foreign correspondent banks.
• Support the OFAC officer with monitoring of OFAC alerts for potential matches and interdict satisfactorily. Report positive matches and assist with implementation of appropriate mitigants under the guidance of supervisor who is the OFAC Officer.
• Perform periodic documentation and due diligence reviews of foreign correspondent banks, ensuring that due diligence and monitoring is performed in compliance with Bank policies, procedures and supervisory guidance. Ensure that documentation reviews are performed timely and with the upmost quality.
• Support with review of transaction monitoring system generated alerts and profile exceptions as assigned by the Supervisor. Ensure unusual activity is subjected to enhanced due diligence and documented accordingly. Escalate and refer to investigation suspicious activity, following Bank policies and procedures. Complete all assigned monitoring reports timely and with the upmost quality.
• Support in completing customer due diligence for new foreign correspondent bank accounts or other foreign prospective customers, as instructed.
• Create and follow up on “BSA Alerts” when necessary or as instructed by the supervisor and track the status of the alert.
• Support the supervisor with special analyses and/or projects.
• Stay up to date with sanctions, export controls and AML/CFT regulatory developments.
• Support other BSA Analysts with day to day duties, as instructed.
• Manage tracking reports and provide statistics when prompted.
• Performs other duties as assigned