BSA/AML Analyst II (Hybrid/Kansas City Metropolitan Area Only) - UMB Bank
Kansas City, MO
About the Job
The Anti-Money Laundering Group protects the bank from being exploited for laundering money or financing terrorism by designing and overseeing a system of controls to detect and report this activity. This team oversees the bank's compliance with requirements set forth in the Bank Secrecy Act (BSA) and the USA Patriot Act (USAPA) as well as sanctions set by the Office of Foreign Asset Control (OFAC).
As the BSA/ AML Analyst II, responsible for performing analyses of customer, financial, and non financial data in accordance with BSA/AML Division standards. The position is also responsible for accurate, complete, and timely documentation of each analysis. Duties and responsibilities may vary by functional area.
_How you’ll spend your time:_
Investigations work:
+ Responsible for identifying and investigating customer transactions that represent an increased risk for money laundering or terrorist financing, primarily utilizing an automated surveillance system. Requires preparation of clear and concise dispositions on daily alerts and on reports that detail any suspicious activity detected and/or rationale for why activity is not suspicious.
EDD work:
+ Responsible for performing customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer. Requires preparation of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship.
AML work:
+ Position may be responsible for assessing the effectiveness of existing controls performed by various business units supporting the enterprise BSA/AML program. Requires testing to evaluate the quality of performance and documenting any gaps or performance deficiencies. Position supports the BSA/AML risk assessment process by confirming the effectiveness of the control environment across UMB's operations and/or by ensuring the quality of customer data within core systems.
AML Operations work:
+ Position may be responsible for accurately completing/reviewing currency transaction reports and submitting them in a timely manner. Position ensures appropriate records are maintained for cash purchases of monetary instruments as required by regulation. Also responsible for first level disposition of OFAC and 314a suspects from batch reporting, as well as dispositions on business unit escalations for OFAC suspects.
_We’re excited to talk with you if_ _you have_ _:_
+ Two years of AML experience, or
+ Five years industry relevant experience with UMB, or
+ Bachelors degree and one year of industry relevant experience with UMB.(Industry relevant experience is defined as financial institution positions of a frontline, customer contact, operational, compliance and/or fraud investigation nature).
+ Strong analytical skills and attention to details
+ Basic understanding of BSA/AML laws and regulations
+ Strong written and verbal communication skills
+ Ability to work in an environment of extreme confidentiality with sensitive information
+ Demonstrate a discipline of continuous learning
+ Demonstrates proficiency in Microsoft Excel and Word
+ Basic understanding of report writing
_Bonus points if you know:_
+ UMB core system navigation
+ AML surveillance system navigation
+ Mutual Funds, Institutional Banking and Custody
Compensation Range:
Minimum: $38,910.00 - Maximum: $90,090.00
_The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information_
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
_UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to_ _talentacquisition@umb.com_ _to let us know the nature of your request._
_If you are a California resident, please visit our_ Privacy Notice for California Job Candidates (https://p1.aprimocdn.net/umb/cdbf5f22-8f7a-43b9-bd03-b09f014a39c3/Privacy_Notice_for_California_Candidates_Original_file.pdf) _to understand how we collect and use your personal information when you apply for employment with UMB._
_Who we are_
We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.
Learn more about UMB's vision (https://p1.aprimocdn.net/umb/8cf58ce2-e9d6-4621-b60a-b09f01638943/UMB_Tuce_Book_Original_file.pdf)
Check out the road to a career at UMB
As the BSA/ AML Analyst II, responsible for performing analyses of customer, financial, and non financial data in accordance with BSA/AML Division standards. The position is also responsible for accurate, complete, and timely documentation of each analysis. Duties and responsibilities may vary by functional area.
_How you’ll spend your time:_
Investigations work:
+ Responsible for identifying and investigating customer transactions that represent an increased risk for money laundering or terrorist financing, primarily utilizing an automated surveillance system. Requires preparation of clear and concise dispositions on daily alerts and on reports that detail any suspicious activity detected and/or rationale for why activity is not suspicious.
EDD work:
+ Responsible for performing customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer. Requires preparation of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship.
AML work:
+ Position may be responsible for assessing the effectiveness of existing controls performed by various business units supporting the enterprise BSA/AML program. Requires testing to evaluate the quality of performance and documenting any gaps or performance deficiencies. Position supports the BSA/AML risk assessment process by confirming the effectiveness of the control environment across UMB's operations and/or by ensuring the quality of customer data within core systems.
AML Operations work:
+ Position may be responsible for accurately completing/reviewing currency transaction reports and submitting them in a timely manner. Position ensures appropriate records are maintained for cash purchases of monetary instruments as required by regulation. Also responsible for first level disposition of OFAC and 314a suspects from batch reporting, as well as dispositions on business unit escalations for OFAC suspects.
_We’re excited to talk with you if_ _you have_ _:_
+ Two years of AML experience, or
+ Five years industry relevant experience with UMB, or
+ Bachelors degree and one year of industry relevant experience with UMB.(Industry relevant experience is defined as financial institution positions of a frontline, customer contact, operational, compliance and/or fraud investigation nature).
+ Strong analytical skills and attention to details
+ Basic understanding of BSA/AML laws and regulations
+ Strong written and verbal communication skills
+ Ability to work in an environment of extreme confidentiality with sensitive information
+ Demonstrate a discipline of continuous learning
+ Demonstrates proficiency in Microsoft Excel and Word
+ Basic understanding of report writing
_Bonus points if you know:_
+ UMB core system navigation
+ AML surveillance system navigation
+ Mutual Funds, Institutional Banking and Custody
Compensation Range:
Minimum: $38,910.00 - Maximum: $90,090.00
_The posted compensation range on this listing represents UMB’s standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information_
UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.
Are you ready to be part of something more?
You're more than a means to an end—a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.
_UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to_ _talentacquisition@umb.com_ _to let us know the nature of your request._
_If you are a California resident, please visit our_ Privacy Notice for California Job Candidates (https://p1.aprimocdn.net/umb/cdbf5f22-8f7a-43b9-bd03-b09f014a39c3/Privacy_Notice_for_California_Candidates_Original_file.pdf) _to understand how we collect and use your personal information when you apply for employment with UMB._
_Who we are_
We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.
Learn more about UMB's vision (https://p1.aprimocdn.net/umb/8cf58ce2-e9d6-4621-b60a-b09f01638943/UMB_Tuce_Book_Original_file.pdf)
Check out the road to a career at UMB
Source : UMB Bank