Bankwell is a commercial bank dedicated to providing high-quality banking services. The Financial Crimes Unit Analyst is responsible for supporting the FCU Department by monitoring and improving compliance with the Bank Secrecy Act, Anti-Money Laundering regulations, and overall compliance program to mitigate money laundering risks.
Responsibilities
- Completion of required annual Bank Secrecy Act training
- Using Fiserv’s “AML Manager” system to perform monitoring activities
- Performing transaction monitoring or suspicious activities; assisting with suspicious activity investigations
- Gathering materials for BSA audits and examinations
- Reviewing CTRs for accuracy; filing CTRs with Fincen; processing Fincen correspondence
- Reviewing Monetary Instrument Logs for accuracy and to determining if cash purchases are to be reported on a CTR
- Effectively coordinating with branches and departments when additional information or documents are needed to perform job duties and responsibilities
- Assisting with CDD/EDD on new accounts
- Assisting with CTR exemptions; maintaining exemption files
- Assisting in maintaining and updating the BSA, USA Patriot Act, CIP, AML, and OFAC Procedures Manual, as assigned
- Maintaining BSA Department records as required by BSA and OFAC regulations
- Assisting with gathering materials for BSA audits and examinations
- Maintaining current knowledge of all rules, regulations, and laws while following all applicable procedures in the current BSA and OFAC Procedures Manual that apply to the BSA Analyst’s role
Skills
- Working knowledge of Windows-based computer systems and Microsoft Office with an emphasis on creating and editing Excel spreadsheets and PowerPoint presentations
- Excellent verbal and written skills; ability to communicate effectively
- Must be proactive, self-motivated and a self-starter
- Possess the ability to manage multiple and changing priorities, while meeting regulatory and internal deadlines
- Must be a team player and have the ability to communicate with people at all levels of the bank
- Strong sense of integrity and personal ethics
- Knowledge of Bank Secrecy Act and Anti Money Laundering regulations including OFAC regulations and USA PATRIOT Act; this position requires experience actually performing transaction monitoring and customer due diligence tasks
- Minimum 1-3 years of AML Banking or Financial experience preferred
- Previous experience with banking/retail transactions desired
- Core system and AML software. Experience with Fiserv Systems and AML Manager or Fraud Manager is desirable
- Previous CDD/EDD experience is a plus
- BSA/OFAC, Compliance, Branch, or Operations experience is preferred
- Bachelor's degree in Accounting, Business Administration, or Finance preferred
- ACAMS Certification is preferred (not required)
Company Overview
Bankwell is a commercial bank with over $3 billion in assets, offering personalized and technologically-advanced banking solutions to privately owned businesses, their owners and executives, as well as high-net-worth individuals, and the communities we serve. It was founded in 2007, and is headquartered in New Canaan, Connecticut, USA, with a workforce of 51-200 employees. Its website is http://www.mybankwell.com/.
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