Compliance Analyst
Capitol Federal Savings Bank
Topeka, KS, USA
Published 1 week ago
Compliance Management Systems / Technology
Job Description:
Role
The Compliance Analyst is a part of the Compliance Team, working closely with the Compliance and Risk Management and BSA Compliance departments. Performs monitoring of Bank Secrecy Act (BSA) transactions and activities. Assists with analyzing transactions and reviewing account alerts across all business lines for potential Bank Secrecy Act/Anti Money (BSA/AML) Laundering red flags. Prepare referrals of potentially suspicious activity and alert escalations of activity that requires additional research and review. Ensures compliance with the BSA/AML, Office of Foreign Assets Control (OFAC), USA Patriot Act and related laws and regulation.
Essential Duties & Responsibilities
One to two years of similar or related experience, including preparatory experience.
Education/Certifications/Licenses
A high school degree or equivalent.
Skills
Role
The Compliance Analyst is a part of the Compliance Team, working closely with the Compliance and Risk Management and BSA Compliance departments. Performs monitoring of Bank Secrecy Act (BSA) transactions and activities. Assists with analyzing transactions and reviewing account alerts across all business lines for potential Bank Secrecy Act/Anti Money (BSA/AML) Laundering red flags. Prepare referrals of potentially suspicious activity and alert escalations of activity that requires additional research and review. Ensures compliance with the BSA/AML, Office of Foreign Assets Control (OFAC), USA Patriot Act and related laws and regulation.
Essential Duties & Responsibilities
- Conduct monitoring to ensure compliance with internal policies, procedures and BSA/AML regulations, including but not limited to Customer Identification Program (CIP), Customer Due Diligence (CDD), OFAC, and identify verification programs.
- Reviews transaction and customer alerts, reports and referrals for unconventional customer behavior. Escalates activity of a potentially suspicious nature to a BSA Analyst and/or BSA Management team for further investigation.
- Assist with preparation of Currency Transaction Reports (CTR)
- Maintain current knowledge of Compliance Regulations, including staying informed of BSA/AML trends and guidelines.
- Perform other duties as assigned.
- Participate in proactive team efforts to achieve departmental and company goals.
- Must comply with current applicable laws, regulations and bank policies and procedures. Comply with all safety policies, practices and procedures. Report all unsafe activities to supervisor and/or Human Resources.
One to two years of similar or related experience, including preparatory experience.
Education/Certifications/Licenses
A high school degree or equivalent.
Skills
- Excellent analytical and organizational skills. Knowledge of BSA and USA Patriot Act requirements. Advanced Excel required.
- Ability to perform basic to intermediate math skills including computer spreadsheets and databases. Must be familiar with Microsoft Office and similar applications for compilation and presentation of daily tasks.
- Experience with Verafin Financial Crime Management Platform preferred.
- A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.