BSA - AML Consultant

Job Description

Job Description

SUMMARY:

The position of a BSA/AML Consultant is responsible for executing processes required of the BSA Governance & Oversight area of the BSA Department in support of the BSA/AML/OFAC Program. These processes include, but are not limited to, the Quality Assurance Program; maintenance, tuning and optimization of the BSA system; Risk Assessment, Audit and Exam support; data analysis and reporting; and documentation of critical processes, procedures, and reference material. The Associate is responsible for partnering with BSA Department colleagues and subject matter experts in other areas of the bank to be familiar with bank processes and fully understand data feeding into the BSA/AML/OFAC Program. The Associate is expected to demonstrate effective critical thinking, organizational, time management and written and verbal communication skills to complete a wide variety of BSA/AML/OFAC Program supporting initiatives.

ESSENTIAL FUNCTIONS:

Governance:

• Execute and support ongoing development of the BSA/AML/OFAC Quality Assurance Program.
• Evaluate BSA/AML/OFAC or other regulatory matters, such as proposed regulations, enforcement actions, emerging trends and industry publications, and communicate findings and proposed actions.
• Maintain regulatory knowledge and stay abreast of regulatory changes for overall BSA compliance.
• Serve in a consultative role to provide “value-added” insights in the form of analysis, interpretation and advice to colleagues and business leaders on BSA/AML/OFAC related matters.
• Support process improvement efforts initiated by BSA leadership.

Systems/Data:

• Conduct data exports and data analysis to support reviews and updates to BSA/AML/OFAC Policy, Program, and Risk Assessment.
• Execute routine processes to evaluate data and apply the BSA Department’s risk rating methodology using the Risk Rating module in BSA System.
• Evaluate and take appropriate action for BSA System data import errors and data integrity warnings.
• Utilize advanced features of the BSA System to conduct scenario reviews and various tuning and optimization tasks.
• Participate in training opportunities offered by BSA System vendors striving to be considered a subject matter expert and resource for the BSA Department and other areas of the bank.
• Partner and collaborate with specialists in other areas of the bank including, but not limited to, Branch Operations, Information Technology, and Risk Management to understand data feeds and identify and troubleshoot data issues impacting the BSA Department’s operational processes or systems.
• Assess / identify key issues and escalate to the Sr. BSA Governance & Oversight Manager where required.
• Collaborate with BSA leadership, technology partners and BSA system vendors to evaluate system upgrades and implementation of new modules.

Reporting:

• Develop, document, and execute effective and repeatable reporting techniques to support delivery of department metrics to BSA leadership, committees and senior management.
• Develop and produce data reports to support risk assessment, internal audits, exams, or model validations.

General:

• Supports a positive work environment that promotes service to the business, quality, innovation and teamwork, and ensures timely communication of issues/ points of interest.
• Creates and maintains detailed documentation on all projects/requests.
• Identifies and recommends opportunities to enhance productivity, effectiveness and operational efficiency.
• Participates in knowledge transfer within the team and other business units, including participation in cross-functional groups or committees.
• Complete annual compliance courses.
• Adheres specifically to all corporate policies and procedures. Also adheres to Federal and State regulations and laws; including, the Bank Secrecy Act and the Anti-Money Laundering Act.
• Adheres to all levels of our Service Excellence standards.

GENERAL QUALIFICATIONS:

Knowledge & Experience : These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines.

• Bachelor’s degree with 8-10 years BSA/AML/OFAC Compliance, Audit, Legal, Regulatory or the equivalent combination of education and experience.
• Work related experience should consist of duties in a business environment.
• Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Strong knowledge of Bank operations and other Bank operational policies and procedures.
• Excellent organizational and time management skills – self-starter with the ability to work under minimal supervision.
• Strong skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
• Proficiency with Microsoft Office suite including utilizing functions, formula, pivot tables, charts and other visualization features in Excel to evaluate and showcase data analysis results.
• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and complete tasks.
• Strong attention to detail and commitment to produce high quality work.
• Strong organizational awareness skills, understanding organizational and reporting structures and fostering positive relationships with business partners.
• Familiarity with data structures, data lineage, SQL databases and ETL processes. Ability to write database queries is preferred.
• Certified Anti-Money Laundering Specialist (“CAMS”) certification or equivalent is preferred.

Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver’s license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment.

Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.