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BankUnited
AML Analyst
Job Location: Miami Lakes, FL
Department:
Miami Lakes Operations Center
Shift:
Full-Time
Summary:
The primary purpose of this position is to review and analyze account activity for possible money laundering, terrorist financing, and fraud using various methods, such as (but not limited to) automated AML monitoring system, reports, notification from other banking personnel, and transactional testing. This position will also file Suspicious Activity Reports or other regulatory reports to ensure compliance with internal and regulatory requirements regarding the Bank Secrecy Act. The incumbent will also manage the functions of OFAC and FinCEN reporting.
1. Review exception accounts from AML system and analyze questionable activity detected.
2. Review wire transfer and foreign wire transfer reports for patterns of suspicious activity, and analyze questionable activity detected.
3. Conduct in-depth research and communicate with account officers requesting information to ascertain if activity is reasonable with the purpose of account.
4. Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
5. Prepare and file Suspicious Activity Reports on negative activity detected.
6. Process the Bank's data warehouse, which includes new accounts, on a daily basis to be verified against OFAC issued lists through the Bank's OFAC system.
7. Confirm OFAC "matches" from the Wholesale, Residential, and Consumer loan departments as well as wire transfers to ascertain if true match or false positives.
8. Obtain information from loan areas as necessary to clear OFAC matches.
9. Prepare and file 10-day report and remit to the Office of Foreign Assets Control (OFAC).
10. Analyze account activity on any true OFAC matches in an effort to detect unusual activity and conduct in-depth research and file SAR if necessary.
11. Process the Bank's data warehouse to be verified against bi-monthly FinCEN issued lists.
12. Analyze account activity on positive matches in an effort to detect unusual activity and file SAR if necessary.
13. Report all findings to manager.
14. Review of High Dollar Transaction (cash) report and Currency Transaction Reports.
15. Prepare necessary Currency Transaction Reports.
16. Analyze report for possible structuring and review account activity. Conduct in-depth research and file SAR, if necessary.
17. Perform in-depth research and activity analysis on accounts for which Grand Jury Subpoenas have been received and file Suspicious Activity Report, if warranted.
18. Perform in-depth research and activity analysis on accounts for which Suspicious Activity Information Form (SAIF) have been received and file Suspicious Activity Report, if warranted.
19. Interact with Corporate Security Department personnel in their investigative efforts.
20. Interact with bank examiners, internal auditors, and compliance personnel during BSA and AML related audits.
21. Prepare Suspicious Activity Reports.
22. Perform any other assignments as directed by manager.
EDUCATION and/or EXPERIENCE:
1. Working knowledge of regulations as applied to OFAC, FinCEN, Anti-Money Laundering and the Bank Secrecy Act requirements.
2. Minimum three years banking experience, with emphasis on BSA Compliance and monitoring for money laundering.
3. Good understanding of "Red Flags" of money laundering and account fraud.
4. Good knowledge of Bank Operations.
5. Thorough knowledge of Currency Transaction Report.
6. Possess good organization skills and attention to detail.
7. Proactive in identifying potential concerns and following-up to resolve such issues.
8. Ability to work independently and meet deadlines.
9. Cursory knowledge of Experian ASSIST anti-money laundering application.
10. Sound knowledge of the Bank policies and procedures.
11. Bachelor's Degree or commensurate work experience.
BankUnited
EOE M/F/D/V
Please submit resume to:
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