Aml analyst Jobs in Usa

Job Description

Job Description

BCforward is currently seeking a highly motivated BSA / AML Analyst Job for an opportunity in Lake Elmo, MN location!

Position Title : BSA / AML Analyst

Location : Lake Elmo, MN

Anticipated Start Date : ASAP

Please note this is the target date and is subject to change. BCforward will send official notice ahead of a confirmed start date.

Expected Duration :    6 months

Job Type : contract- Onsite

Pay Range : $30 / ph-$35 / ph

Please note that actual compensation may vary within this range due to factors such as location, experience, and job responsibilities, and does not encompass additional non-standard compensation (e.g., benefits, paid time off, per diem, etc.).

Requirements :

Monitoring

generation alerts

Job Description :

This position will analyze and resolve transaction monitoring alerts generated by our monitoring system by conducting research and account reviews to identify trends and patterns consistent with money laundering, terrorist financing or other financial crimes in order to detect and deter suspicious activity under the Bank Secrecy Act and Anti-Money Laundering rules and regulations. Also, it has responsibility for data analyses to identify significant trends requiring further investigation, root causes, and predict potential impact. Assists in performing risk rating mitigation reviews and / or statistical report reviews to ensure set parameters in the AML system remain relevant. Identifies products / services and client types with highest degree of compliance risk.

Thoroughly documents findings to support analyses and conclusions. Interacts with business line personnel to understand client behavior and communicate activity of interest or concern; reports suspicious and / or unusual activity as required by anti-money laundering laws; serves as a subject matter resource involving BSA and AML issues and provides interpretations or clarifications to bank personnel; ensures compliance in accordance with regulatory mandates, interagency guidance and internal processes; confers with other Compliance Consulting Services, Information Security and Loss Prevention Services personnel, as necessary.

QUALIFICATIONS :

Bachelor's degree or equivalent work experience & 5 years' experience

• Ability to effectively communicate both orally and in writing with internal and external customers
• Combination of education and experience that enables the candidate to be successful in the job generally acquired through the attainment of a bachelor's degree and a minimum of three years of specialized experience in the BSA / AML area of a financial institution, particularly as it relates to High-Risk Accounts.
• Demonstrated knowledge of banking, including the internal structure of a financial institution, and elements of financial institution operations and services.
• Demonstrated in-depth knowledge of the Bank Secrecy Act and Anti-Money Laundering Rules and Regulations; Ability to understand system documentation and regulatory reference materials.
• Strong ability to understand specific BSA / AML risks and determine solutions to mitigate those risks.
• Strong analytical skills required, ability to solve problems by gathering necessary account data, conduct investigation, review and analyze to define the problem, locate its source, and develop and recommend solutions.
• Has the ability to use rigorous logic and methods to develop persuasive arguments in case write-ups.
• Looks beyond the obvious and doesn't stop at the first answers;
• Strong data skills required to organize and analyze multiple sets of data.
• Strong computer skills including experience using software systems and MS applications.
• Self-reliant with the ability to self-initiate activity and perform multiple tasks with effective time management.
• Excellent verbal communication skills, including strict confidentiality.
• Strong written and interpersonal skills; and Ability to work in a team environment
• conduct research, account review and monitoring to identify trends and patterns consistent with money laundering in transactional activity and other client data
• Responsible for data analyses to identify significant trends requiring further investigation, root causes, and predict potential impact
• Draft Suspicious Activity Reports (SARs) according to regulatory requirements

Essential Functions

To perform this job successfully, an individual must be able to demonstrate the ability to :

• Identifies products / services and client types with highest degree of compliance risk
• Acts as a front-line contact with both internal and external clients
• Serves as a subject matter resource involving BSA and AML issues and provides interpretations or clarifications to bank personnel
• Ensures compliance in accordance with regulatory mandates, interagency guidance and internal processes
• Confers with other Compliance Consulting Services, Information Security and Loss Prevention Services personnel, as necessary
• Demonstrate commitment to Bremer's risk management approach including compliance with all applicable industry regulations, state and federal regulations, Bremer's policies and procedures, and completion of all required training which supports compliance throughout
• Minimize fraud related losses by maintaining constant awareness and reacting promptly to suspicious activity and deceptive practices; follow established company guidelines for identification and reaction to suspicious activity and fraud

Benefits :

BC forward offers all eligible employees a comprehensive benefits package including, but not limited to major medical, HSA, dental, vision, employer-provided group life, voluntary life insurance, short-term disability, long-term disability, and 401k.

Keywords :

AML, Anti money laundering

About BC forward :

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BC forward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BC forward’s 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale.  Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years.  Our strong culture and clear values have enabled BC forward to become a market leader and best in class place to work.

BC forward is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BC forward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum.  As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information.  BC forward will only use this information to complete the recruitment process.

This posting is not an offer of employment.  All applicants applying for positions in the United States must be legally authorized to work in the United States.  The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position.  Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Company Description

About BCforward :

Founded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.

BCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.

BCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.

To learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.

This posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.

Company Description

About BCforward : \r\n\r\nFounded in 1998 on the idea that industry leaders needed a professional service, and workforce management expert, to fuel the development and execution of core business and technology strategies, BCforward is a Black-owned firm providing unique solutions supporting value capture and digital product delivery needs for organizations around the world. Headquartered in Indianapolis, IN with an Offshore Development Center in Hyderabad, India, BCforward’s 6,000 consultants support more than 225 clients globally.\r\n\r\nBCforward champions the power of human potential to help companies transform, accelerate, and scale. Guided by our core values of People-Centric, Optimism, Excellence, Diversity, and Accountability, our professionals have helped our clients achieve their strategic goals for more than 25 years. Our strong culture and clear values have enabled BCforward to become a market leader and best in class places to work.\r\n\r\nBCforward is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability.\r\n\r\nTo learn more about how BCforward collects and uses personal information as part of the recruiting process, view our Privacy Notice and CCPA Addendum. As part of the recruitment process, we may ask for you to disclose and provide us with various categories of personal information, including identifiers, professional information, commercial information, education information, and other related information. BCforward will only use this information to complete the recruitment process.\r\n\r\nThis posting is not an offer of employment. All applicants applying for positions in the United States must be legally authorized to work in the United States. The submission of intentionally false or fraudulent information in response to this posting may render the applicant ineligible for the position. Any subsequent offer of employment will be considered employment at-will regardless of the anticipated assignment duration.