EDD/AML Analyst Sr-Team 2

Full-time
Hicksville, NY, United States - Compliance & Risk Management - Posted Mar 26, 2018
Requisition Number: 18000068

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Description

JOB SUMMARY

The EDD/AML Analyst Sr is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to reduce loss/risk to the Bank.

 

Assigned to a team responsible for performing Enhanced Due Diligence (EDD) reviews that may range from routine to highly complex for high risk customers, including extensive analysis and documentation of the Bank's *know-your-customer* for these entities, as well as detailed transaction analysis for the high risk customer relationship. Reviews and investigates cases and alerts on the Bank's Transaction Monitoring & Case Management System. Handles complex investigations and investigates potentially suspicious activity. Assists Management in the completion and tracking of various Quality Control functions in the BSA Department. Prepares Suspicious Activity Report (SAR) narratives in a timely manner and in accordance with FinCEN's guidance and regulations. Assists with mentoring and training less experienced EDD/AML Analysts.

 

ESSENTIAL FUNCTIONS

Works on a team that conducts periodic/annual Enhanced Due Diligence reviews of high-risk accounts. Team assignment may be structured according to skill level and complexity of work. Provides training and guidance to less experienced EDD/AML Analysts. Maintains an in depth understanding of business documentation for various business types including complex corporate structures and foreign entities. Conducts complex investigations and investigates suspected cases of activity related to money laundering, terrorist financing, fraud, drug trafficking, tax evasion, and OFAC related violations. Maintains comprehensive knowledge of documentation and expected transactional types for customers with heightened Bank requirements due to the heightened risk posed (such as ATM Vendors, MSBs, import/ export companies, foreign businesses, foreign embassies and consulates, politically exposed persons (PEPs), etc). Performs periodic case/alert investigations originating from the Bank's Transaction Monitoring & Case Management System, 90-Day Reviews, Branch Referrals, 314(a) and 314(b) requests and Subpoenas. Assists Management in the completion and tracking of various Quality Control functions in the BSA Department. Utilizes understanding of complex customer types to assist Management with special projects when warranted. Performs quality assurance reviews, tracking and follow up for documentation and required clarifications for each EDD review performed, ensuring ultimate resolution of any pending items within the EDD file. Provides training/ guidance to fellow BSA/AML Analysts with customer types or review types where they are less experienced. Navigates banking systems to obtain account statements, transaction histories, wire transfer details and check images related to each investigation. Communicates with branch personnel and management to verify accuracy of customer information & determine if activity in question is expected for the particular type of customer, and are responsible to ensure all discrepancies are documented and resolved. Conducts research using the Internet, World-Check, Westlaw, etc., and review any press or media for adverse information impacting the Bank's reputational or regulatory status. Prepares Suspicious Activity Report (SAR) narratives in a timely manner and in accordance with FinCEN's guidance & regulations. Compiles case files with supporting documentation for each investigation. Maintains a clear understanding of current regulatory BSA/AML requirements and guidance, including any updates/ enhancements. Attends BSA/AML/OFAC training annually and as directed by management. Performs special projects and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

 

EDUCATION AND EXPERIENCE

High school diploma or equivalent. Bachelor's degree or equivalent. Background in research, business, accounting or criminal justice preferred. Three to five years of experience in BSA/AML field. Experience with navigating banking systems and performing detailed customer transaction analysis, especially for high risk customers. ACAMS designation preferred.

 

KNOWLEDGE, SKILLS AND ABILITIES

Good knowledge and understanding of general OFAC, BSA/AML, and USA PATRIOT Act and risk management principles.Good knowledge of BSA monitoring systems.Good knowledge of core banking systems. PC literate with advanced proficiency in Microsoft Outlook, Microsoft Word and Microsoft Excel. Strong internet research skills, including World-Check research. Excellent verbal and written communication skills. Highly developed analytical and problem solving skills. Good organizational skills. High degree of accuracy and attention to detail. Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes. Ability to meet deadlines and manage multiple tasks in a fast paced environment. Ability to mentor and assist department staff.

 

ABOUT NEW YORK COMMUNITY BANCORP, INC.

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the 25 largest bank holding companies in the nation, with assets of $48.3 billion and a market cap of $6.4 billion at June 30, 2017. With deposits of $28.9 billion and 255 branches in Metro New York, New Jersey, Florida, Arizona, and Ohio, NYCB also rank among the largest depositories in the United States. NYCB operates through two banks with eight local divisions - New York Community Bank a savings bank with 225 branches throughout our five-state franchise; and New York Commercial Bank which has 30 branches. With a longstanding reputation for strength, stability and service, NYCB is proud to be committed to the communities it serves. To learn more about the NYCB Family of Banks visit us at www.mynycb.com

 

BRANCH OUT and help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

 

NYCB is an equal opportunity employer that prohibits discrimination in hiring or terms and conditions of employment on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information or any other classification protected by the federal, state, and local laws and ordinances.

 

This policy is applicable to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. When necessary, NYCB will reasonably accommodate employees and applicants with disabilities or with religious requirements necessitating accommodation.

 

In addition, NYCB complies with all applicable laws which govern nondiscrimination in employment in every location in which NYCB does business.

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