BSA / AML Monitoring & Testing Compliance Analyst

Overview

Summary : Responsible for ensuring the Bank's adherence to BSA / AML regulatory and internal policy requirements through detailed transactional testing and high-level analysis. Assesses the adequacy of the Bank's processes and controls associated with regulatory risks within the BSA / AML processes.

Qualifications

Education : Bachelor\'s degree.

Licenses / Certifications : CRCM, CIA, CAMS or similar professional certifications are preferred.

Experience : One to three years of BSA testing / monitoring experience. Experience in a relevant or related monitoring / quality control role such as Compliance, Audit, and / or Risk. Experience working in Financial Services, having demonstrable knowledge of regulatory environment and associated risks and proven experience of ensuring own / others compliance. Working knowledge of all BSA regulatory requirements. Or equivalent combination of education and experience, 5+ years of relevant work experience.

Essential Functions

A : Job Specific :

• Performs both detailed transactional testing and high-level analysis to assess adequacy of the processes and controls associated with regulatory risks within the BSA / AML processes.
• Accurately completes test scripts and workpapers based on the supporting documentation reviewed.
• Documents review activity and clearly articulates any potential regulatory violations in workpapers, and works with management regarding presentation of findings to key stakeholders and Senior Management.
• Clearly and concisely drafts and documents any observations, issues and / or exceptions noted, including supporting documentation to evidence results obtained.
• Maintains ongoing communication with management regarding the status of testing.
• Promptly escalates any questions or concerns to management for quick resolution.
• Assists with regulatory examinations and audits, including gathering requested information and developing and coordinating responses to such reviews as necessary.
• Executes the BSA / AML compliance monitoring and testing program through planning and conducting reviews to identify areas of concern regarding the effectiveness of the controls to comply with Bank policy or applicable regulatory requirements.
• Maintains a strong working knowledge of federal regulations applicable to the assigned areas of the review.
• Maintains working knowledge of the FDIC BSA / AML Exam Manual for assigned areas of the review.
• Assists to ensure compliance issues identified from testing and monitoring program are followed-up, and corrective action / implementation plans are properly executed to comply with Bank policy or applicable regulatory requirements.
• Assists in drafting standard and special purpose reports which communicate to Senior Management and key stakeholders the effectiveness of the processes and controls established to ensure compliance with Bank Policy and regulatory requirements.
• Consults and interacts with Compliance peers, BSA / AML Senior Analyst, BSA / AML staff, and Senior Management on an ongoing basis.

Knowledge / Skills / Abilities

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability, pregnancy or protected veteran status.

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