AML and Compliance Analyst

Purpose :

• The AML and Compliance Analyst role will assist in carrying out the tasks required to ensure the Bank is following its regulatory obligations under the AML / CFT Act for a newly implemented Cannabis Banking business.  Salary Range :   $70,000 - $80,000 annual  Essential Job Functions : Assess new Cannabis and Hemp related business account applications, confirming the accuracy and completeness of all required documentation to support compliant onboarding.
• Execute AML reviews / investigations of account activity to determine necessity of SAR filing.
• Document and report the review / investigation findings and prepare case files with required supporting documentation (e.g. internet search results, copies of statements and transactions documentation, results from internal system searches).
• Complete Suspicious Activity Reports in a timely manner.
• Conduct periodic Enhanced Due Diligence reviews of high -risk customers to identify activity that is not in line with the customer’s profile.
• Responsible for Currency Transaction Reporting including daily reviews, processing and preparation of CTRs.
• Perform OFAC alert reviews that are generated via internal systems and conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
• Perform Quality Control review of new account opening documentation and provide feedback to branch personnel on KYC issues identified.
• Responsible for overseeing the Bank’s training program which includes the assignment and tracking of all annual online training.

Required Education, Knowledge, Skills and Abilities :