FINANCIAL CRIMES ANALYST I
WHAT IS THE OPPORTUNITY?
Under the overall direction of the Bank Secrecy Act (BSA) Officer and reporting directly to the BSA Quality Assurance Manager, this colleague is responsible for reviewing a determined sample population of closed cases and alerts, assessing, and reporting on the effectiveness of BSA functions and that appropriate analysis was performed in accordance with the Bank's BSA Program. The quality of the work products, collectively known as "BSA analysis", for the following financial intelligence units: High Risk Client (FI-HRC), Anti-Money Laundering (FI-AML), Compliance Investigations (FI-CI) and that of Corporate Security-Fraud Investigations Team (CS-FIT), will be based on established CNB policies, practices and procedures, and utilizing sound and current compliance industry standards and practices. Additionally, this colleague may be responsible for assisting the BSA QA Manager in the remediation of issues that may surface during the reviews, by working with and providing appropriate training and guidance to the teams and their Managers in order to benefit the BSA colleagues, the BSA program, and the institution as a whole.
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Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
What you will do
- Perform timely reviews of BSA analysis work and related documentation by applying established Quality Assurance testing, reporting and assessment standards.
- Analyze and escalate issues and concerns related to BSA Analysis and components of the Bank's BSA Program to the QA Manager while utilizing sound and current compliance industry standards and practices.
- Identify gaps and deficiencies in related BSA functions, processes, policies and procedures and provide feedback and recommendations for improvement to the QA Manager regarding the BSA analysis work reviewed.
- Support the BSA QA Manager to develop training to assist with gap remediation and required enhancements following QA where gaps, issues or opportunities for enhancement are identified.
- Attend internal and external meetings, seminars, workshops, etc. to expand professional expertise.
- Maintain up-to-date knowledge of Bank policies, procedures and industry best practices.
- Complete required training.
- Complete special projects as assigned.
- Participate in the development and implementation of review policies, checklists, goals, objectives and procedures.
- Participate in senior management meetings as appropriate to discuss patterns of errors or any high-risk individual cases.
Must-Have
- H.S. Diploma
- Requires 3 years of experience in Banking Services, branch operations, risk management, or related function.
- Minimum 3 years of experience in a BSA specific role at a financial institution.
- Minimum of 3 years of experience or knowledge of BSA regulations concerning KYC, EDD, Financial Crime Investigations and regulatory reporting.
- ACAMS Current Certified Anti-Money Laundering Specialist (CAMS) Certification
Skills and Knowledge
- A degree in Business Administration, Criminal Justice or related area or at least 5 years of BSA experience in a financial institution highly preferred
- Working knowledge of banking operations, government regulations, accounting principles and account reconcilement.
- Experience using Microsoft Word, Excel and Access required.
- Knowledge and understanding of federal regulations pertaining to the Bank Secrecy Act required.
- Excellent problem solving, analytical skills, use of good judgment and attention to detail required.
- Excellent verbal, writing, communication and organization skills required to interact with all levels of Bank personnel and outside contacts.
- Must be able to multi-task, adapt well to changing priorities, and effectively prioritize workflow to meet critical deadlines.
- Extensive experience with AML Monitoring Systems such as Actimize is preferred.
Compensation
Starting base salary: $23.35 - $37.29 per hour. 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. Get an inside look at our Benefits and Perks.
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.