Essential Responsibilities:

• Conduct due diligence reviews and prepare reports on High risk customers to mitigate BSA/AML risk
• Analyze risks associated with complex ownership structure, evaluating variables such as source of funds, anticipated activity volumes, and purpose of business relationships
• Independently performs reviews of various reports and transaction data and analyses complex activity to determine if transactions are suspicious in nature
• Perform quality control reviews of various AML/BSA/Fraud functions to determine if the review and research were conducted in accordance with quality standards and time frames set forth within established procedures, policies, and regulatory requirements
  • SARS
  • BSA/Fraud alerts
  • Customer Risk Reviews
  • CTR 
• Transaction testing, data validation, and ongoing customization of the AML software
• Perform root cause analysis of identified data quality issues, tracing data upstream and providing solutions
• Investigate escalated alerts of potential suspicious activity produced or referred by other areas of the bank and determine appropriate course of action. 
• Ensure Watch List information is properly maintained and updated, review and respond to concerns about OFAC, SDN or other Watch List alerts and take mandated action as necessary 
• Directly support the Bank’s Fraud Program
• Contributes to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the BSA/AML Program 
• Review and analyze new and pending laws and regulations
• Assist with regulatory examinations and audits, including gathering requested information, developing, and coordinating responses to such reviews as necessary

Qualifications:

• Minimum of 5 years BSA and Fraud experience. Experience in depository financial institution processes and procedures or similar experience is preferred
• Solid understanding of banking and fraud threats posed by Money Laundering activities
• Proficiency with computer programs including fraud identification and AML software

If you are interested in learning more about this role, please send a copy of your resume to p.haywood@hamlynwilliams.com OR l.wells@hamlynwilliams.com