CTR Research Analyst

at  US Bank National Association

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

JOB DESCRIPTION

The Currency Transaction Department (CTR) Department is responsible for filing accurate, complete and timely CTRs with FinCEN and maintains the Monetary Instrument Log in accordance with the Bank Secrecy Act. A CTR is required to be filed with each deposit, withdrawal, exchange of currency, or other payment/transfer which involves one or more transactions of currency in excess of $10,000.
CTR Procedure Coordinator is responsible for supporting development, review, implementation, and ongoing compliance with department procedures. Coordinator works with department management to develop new procedures, ensuring completion of annual reviews and publishing of procedures to department inventory site. Coordinator is also responsible for scheduling department meetings and ensuring communication and/or training is implemented for changes in procedures. Additionally, this position may assist in supporting in the responsibilities of department analysts’ functions.
CTR analysts’ responsibilities include the research and remediation of data requests located by the operations team. Analysts initiate communication with the business line and utilize internal resources to correct system of record information. Analysts conduct quality reviews to assure data is compliant with regulatory guidance on both prior and post records filing. Analysts must be able to communicate professionally with verbal and written skills with internal partners. Confidence in utilizing Microsoft Office 365 products such as Microsoft Excel, Outlook, Teams, and able to navigate through multiple screens/applications. Additionally, analysts may be responsible for the filing of Canada Electronic Funds Transfers (EFT) transactions. An EFT is required to be filed for any electronic means of instruction for the transfer of funds, either initiated or finally received across the Canadian border of $10,000 or more. Analysts communicate with the business line when required information is missing to ensure accurate, complete and timely reporting.
CTR reporting analysts assist in the implementation of an effective risk management framework by reviewing CTRs and EFTs to ensure all regulatory fields are completed to meet the guidelines established in the Bank Secrecy Act or Canada Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA). Analysts assist with reviewing and working various reporting to assure compliant data is reporting to the regulator. The CTR Department is responsible for oversight to ensure the bank is compliant with all AML/BSA and PCMLTFA regulations per direction of EFCC, Enterprise Financial Crimes Compliance.

BASIC QUALIFICATIONS

• Bachelor’s degree, or equivalent work experience
• Typically, more than two years of applicable experience

PREFERRED SKILLS/EXPERIENCE

• Intermediate knowledge of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
• Intermediate understanding of the business line’s operations, products/services, systems, and associated risks/controls
• Basic knowledge of Risk/Compliance/Audit competencies
• Strong analytical, process facilitation and project management skills
• Effective presentation, interpersonal, written and verbal communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications and word processing, spreadsheets, databases, and presentations
  If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by la