Financial Crimes Unit Analyst

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)

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