Job Description
Job Details
Description Job Summary: The AML Governance Analyst will contribute to the day-to-day operations of the AML Governance team within the BSA Department. The analyst will assist in coordinating and gathering documentation associated with regulatory exams and internal and external requests to ensure the BSA program is meeting Evolve bank standards/requirements and regulatory standards such as the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) and Know Your Customer (KYC) programs.
Main Job Tasks & Responsibilities - Responsible for assisting with the administration, monitoring and on-going governance of the BSA/AML program.
- Collect governance related deliverables such as presentation materials and tracking of remediation related items.
- Organize materials associated with regulatory exams, internal audits, and third-party risk management functions for governance-related activities.
- Monitor policies and associated exceptions and ensure new policies, updated policies and exception requests are presented and approved by committees.
- Assist in the review and update of the annual BSA/AML risk assessments and other assessments as needed.
- Assist in evaluating the adequacy and effectiveness of Financial Crimes team procedures and internal controls.
- Stay current on industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies and communicate potential impact to management.
- Assist with special projects within the department as needed.
- Assist in preparing reports and presentations associated with exam and audit responses.
- Follow all applicable federal laws, rules, and regulations relating to the Bank Secrecy Act, Anti-Money Laundering and the Office of Foreign Assets Control (BSA/AML/OFAC).
- Perform other duties as assigned.
Education & Experience - Bachelor's degree preferred or relevant experience in financial services.
- 5+ years of banking experience with an emphasis in anti-money laundering operations, OFAC operations, investigations, or governance functions.
- Minimum of two (2) years of experience drafting governance related documentation.
- CAMS, CFE, or equivalent certification(s) or willingness to obtain certification(s).
Key Competencies - Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations.
- Ability to explain BSA concepts with confidence such as AML, KYC, CIP, CDD, EDD, OFAC.
- Ability to organize, analyze and interpret data to explain complex irregularities or trends.
- Ability to observe strict confidentiality requirements.
- Analytical skills and the ability to resolve complex problems with minimal guidance.
- Attention to detail and accuracy.
- Strong verbal and written communication skills.
- Effective time management, planning and organizational skills.
- Ability to manage multiple tasks/projects and deadlines simultaneously.
- Can work independently, requiring little to no prompting from your supervisor.
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