Compliance Analyst, Anti-Money Laundering at CoBank

Greenwood Village, Colorado, United States -

Full Time

Start Date

Immediate

Expiry Date

06 May, 26

Salary

80200.0

Posted On

05 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Anti-Money Laundering, KYC, Beneficial Ownership, Transaction Monitoring, Suspicious Activity Reporting, OFAC Compliance, Risk Assessment, Data Validation, Research Skills, Analytical Skills, Problem Solving, Communication Skills, Organizational Skills, Attention to Detail, MS Office

Industry

Banking

Description

Benefits Overview A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best, we hire the best! Benefits Offered by CoBank Careers with a purpose Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays Competitive Compensation & Incentive Hybrid work model: flexible arrangements for most positions Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance Robust associate training and development with CoBank University Tuition reimbursement for higher education up to $10k per year Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution Associate Resource Groups: creating a culture of respect and inclusion Recognize a fellow associate through our GEM awards Job Description At CoBank, our Compliance Analyst, Anti-Money Laundering supports the bank's Anti-Money Laundering (AML) program, including handling Know Your Customer (KYC) and Beneficial Ownership processes. Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR). Assists with initial Office of Foreign Assets Control (OFAC) reviews, and escalates to OFAC lead as appropriate. Assists in maintaining Compliance Program job aids and procedural documents, and updates permanent increases in customers' deposit limits. Essential Functions Processes new customer KYC applications for lending and cash management offerings. Reviews the accuracy of the customer’s AML Risk Score, prepared by noncredit services or the CoBank relationship manager, and makes revisions as appropriate. Assists in validating prepared and/or updated AML Risk Scores to ensure that they are correct and in accordance with bank requirements. Updates existing AML Risk Scores based on customers’ foreign wire activity observed during transaction monitoring. Assesses Beneficial Ownership documents and handles requests for additional information. Conducts research and validation of entity data using appropriate internal and external data sources, including legal name, address, entity type, and ownership verification. Performs initial OFAC searches, identifies false positive hits, and escalates true hits to OFAC Lead. Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR). Assists in performing periodic audits of new customer records to ensure all appropriate customer identity verification and KYC information has been collected and stored and that any advanced due diligence requirements based on the AML Risk Score have been addressed and documented. Assists in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses and reporting. Manages permanent increases in customers’ deposit limits. Assists in updating Compliance Program documentation. Participates in special projects and performs other duties, as assigned. Education Bachelor's Degree in accounting, finance, business, criminology, politics, economic crime management, forensic accounting, law, required. Bachelor's requirement may be substituted with 3 or more years of compliance experience, preferably in banking or financial services, compliance or risk management. required High school diploma or GED required Association of Certified Anti-Money Laundering Specialist (ACAMS) or Certified Financial Crime Specialist (CFCS) designation Work Experience Prior Experience performing specific AML compliance-related functions, including KYC/CIP, enhanced due diligence, suspicious activity monitoring, and SAR preparation preferred Prior Experience using automated transaction monitoring software preferred Prior Experience in implementing, and/or administering an automated AML transaction monitoring system preferred Working knowledge of money laundering risks presented by business customers through the nature of transaction activity, geographic risks, type of business entity/formation, beneficial ownership/control and others; and comprehensive understanding of Bank Secrecy Act/USA PATRIOT Act requirements, preferred Understanding of legal governing documents required for different types of business formations (e.g. types of LLCs, trusts, partnerships, joint ventures, corporations etc.) and how each are owned/controlled, preferred Knowledge of CoBank customer types, products, and services, preferred Knowledge of ACBS, PAYPlus, eDocs, COSTAR, GTS, Lansa/Client or similar query tool, preferred Proven analytical and problem solving skills, with a high level accuracy and attention to detail Able to develop and maintain effective relationships with associates at all levels of the organization Ability to work independently, as well as collaboratively in a team environment Strong quality, delivery and customer service orientation Excellent verbal and written communication and interpersonal skills Excellent organizational, time management and prioritization skills Demonstrated knowledge of MS Office applications (Outlook, Excel, Word, PowerPoint, Access) Physical Exertion Details Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met. Travel Requirement Details Occasional Travel occurs infrequently (typically, once a month or less). About CoBank The typical base pay range for this role is between $70,100 - $80,200. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law. CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore. REASONABLE ACCOMMODATION We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants, including qualified individuals with disabilities. If you are an applicant with a disability, or are assisting an applicant with a disability, and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process, including completing an application, interviewing, or otherwise participating in the employee selection process, please submit a request by emailing recruiting@cobank.com. Include your contact information and specific details about your requested accommodation. Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time. CoBank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability, or status as a protected veteran.

Responsibilities

The Compliance Analyst supports the bank's Anti-Money Laundering program by handling KYC and Beneficial Ownership processes, as well as monitoring customer transactions for suspicious activity. The role includes assisting with OFAC reviews and maintaining compliance documentation.