Financial Crimes Analyst Senior I - City National Bank

FINANCIAL CRIMES ANALYST SENIOR I WHAT IS THE OPPORTUNITY? Under the direction of the BSA Risk Manager, this colleague is responsible for carrying out regulatory/compliance issuance monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment
Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices
Develop new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide
Plays a key role as a liaison with colleagues throughout the organization related to BSA, AML, OFAC and the USA PATRIOT Act
Responsible for building and maintaining relationships with internal and external customers while providing exemplary customer service
Functions as a backup to the BSA Risk Officer in specific areas as necessary
What you will do Carries out regulatory/compliance issuances monitoring, risk assessments, and internal controls testing ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment, under the guidance of the BSA Risk Manager
Analyzes and escalates issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices
Identify gaps and deficiencies in related BSA functions, processes, policies and procedures as well as create and implement corrective actions and track gap remediation
Develops and presents training to assist in gap remediation and required enhancements
Communicates and escalates (as assigned) identified BSA, AML, OFAC and USA PATRIOT Act operational concerns to the appropriate level of management
Completes special projects as assigned
Attends internal and external meetings, seminars, workshops, etc
to expand professional expertise
Maintains up-to-date knowledge of Bank policies, procedures and industry best practices
Support Financial Crimes Compliance Program Governance, including Training, Issue Management, and Reporting
Support procedural development and maintenance Assesses controls for design and operating effectiveness in accordance with established policies, standards and procedures Exercises independent judgment in identifying issues and assessing risk Develop and deliver training program and materials, including oversight
Support issue management including stakeholder engagement and tracking and monitoring Maintain authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered/tested Assist risk management team with departmental initiatives and other duties as assigned
Must-Have* Bachelor's Degree or equivalent Minimum 5 years of Banking industry experience Minimum 4 years of experience in a BSA/OFAC specific role (such as those involving KYC, EDD, financial crime investigations, compliance) at a financial institution ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification Skills and Knowledge Working knowledge of banking operations and Bank Secrecy Act/Office of Foreign Assets Control regulations Experience using Microsoft Word, Excel and Access required
Knowledge and understanding of federal regulations pertaining to the Bank Secrecy Act and Office of Foreign Assets Control required
Excellent problem solving and analytical skills required
Excellent verbal/written and written communication skills required to interact with all levels of Bank personnel and outside contacts
Experience with quality control, audit or compliance testing is preferred
Compensation Starting base salary: $71,869 - $114,797 per year
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
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INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.' ABOUT CITY NATIONAL We start with a basic premise: Business is personal
Since day one we've always gone further than the competition to help our clients, colleagues and community flourish
City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.