Compliance Analyst

Greenwood Village, CO

6+contract

2 days in office a month

Compliance Analyst supports the bank's Anti-Money Laundering (AML) program, including handling Know Your Customer (KYC) and Beneficial Ownership processes. Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR). Assists with initial Office of Foreign Assets Control (OFAC) reviews, and escalates to OFAC lead as appropriate. Assists in maintaining Compliance Program job aids and procedural documents, and updates permanent increases in customers' deposit limits.

Essential Duties and Responsibilities

The essential functions include, but are not limited to:

Processes new customer KYC applications for lending and cash management offerings.
Reviews the accuracy of the customer's AML Risk Score, prepared by noncredit services or the CoBank relationship manager, and makes revisions as appropriate.
Assists in validating prepared and/or updated AML Risk Scores to ensure that they are correct and in accordance with bank requirements. Updates existing AML Risk Scores based on customers' foreign wire activity observed during transaction monitoring.
Assesses Beneficial Ownership documents and handles requests for additional information.
Conducts research and validation of entity data using appropriate internal and external data sources, including legal name, address, entity type, and ownership verification.
Performs initial OFAC searches, identifies false positive hits, and escalates true hits to OFAC Lead.
Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR).
Assists in performing periodic audits of new customer records to ensure all appropriate customer identity verification and KYC information has been collected and stored and that any advanced due diligence requirements based on the AML Risk Score have been addressed and documented.
Assists in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses and reporting.
Manages permanent increases in customers' deposit limits.
Assists in updating Compliance Program documentation.
Participates in special projects and performs other duties, as assigned.

Top Candidate Skills

Knowledgeable about the AML World
Self Sufficient
Detail oriented

Key Experience

3+ years of experience
Banking industry experience
AML compliance experience
KYC/CIP
Beneficial Ownership
Transaction monitoring
Suspicious Activity Reports (SAR)
OFAC screening
Bank Secrecy Act/USA PATRIOT Act

Nice to Haves

OFAC screening Experience
Patriot act experience
ACAMS or CFCS designation
Experience using automated transaction monitoring software

Job description