Job Description
Job Description
Job Title
BSA AML Analytics Officer
Banesco USA is seeking a BSA AML Analytics Officer for our BSA & Compliance Department.
Primary Job Duties
- Conduct reviews and testing of the transaction monitoring and screening systems:
- Model review, including review of material changes to transaction monitoring model, screening systems, or business
- Model calibration, including qualitative coverage review, statistical analysis, and sample testing
- Interface with external parties for data & model validation
- Conduct qualitative reviews, statistical analysis and sample testing for new or modified transaction monitoring scenarios
- Periodic review of whitelists used by the different systems of the bank
- Assist in the completion of BSA risk assessments, including quantitative analysis, qualitative reviews, writing reports, creating summary presentations, and maintaining documentation:
- BSA AML/OFAC risk assessment
- Foreign corresponding banking BSA risk assessment
- Country Risk assessment
- BSA risk assessments of new products, services, threats, and trends.
- Conduct periodic reviews of the customer and account risk rating methodology:
- Statistical analysis
- Sample testing
- Updating methodology document and maintaining documentation
- Creating summary presentation
- Conduct reviews and testing of enhanced due diligence requirements and review schedule
- Serve as a subject matter and systems expert for the transaction monitoring and screening systems
- Review and test new releases
- Collaborate with MIS, IT and BSA to troubleshoot various items
- Review, revise, or draft procedures or job aids regarding primary job duties
- May have the opportunity to cross-train or assist with other risk analytics tasks such as:
- Assist with the implementation of model risk management policy for other bank models
- Conduct statistical & other quantitative analyses, including financial and risk modeling
- Collaborates in driving the continued development of a risk management culture through communication and educational activities that emphasize the importance of risk management in all aspects of business and corporate decision making.
- Participates in various committees of the bank and as necessary responsible for presenting at those committees.
- Responsible for completing annual training program assigned.
- Performs other functions and/or duties as assigned.
Job Requirements
- Education: Bachelor’s Degree or Master’s in Business Administration, Economics, Finance or equivalent work experience.
- Experience: Four (4) years of experience in the Banking industry in the BSA or Risk unit or related field.
- Proficient and advance computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, etc.) and Microsoft SQL
- Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read and write both languages.
- Strong verbal and written communication skills, ability to communicate at all levels of the organization, Regulatory Agencies representatives, and External and Internal Auditors.
- Strong attention to detail and accuracy.
- Knowledge of the bank’s system and processing activities.
- Knowledge of related State and Federal banking compliance regulations, including specific experience with BSA/AML, is required.
- Strong analytical skills in order to detect and identify weaknesses in the bank’s systems and the ability to identify the root cause of the weakness.
- Strong presentation skills to various levels of the organization.
- Ability to multi-task, with strong organization, time-management and prioritizing skills.
- Strong customer service skills, ensuring satisfaction of both internal and external customers.
- Ability to work and complete task producing high quality results within a fast-paced environment.
Benefits & Perks
- Competitive base salary.
- Paid time off.
- Hybrid schedule.
- 401k with employer match.
- Tuition reimbursement.
- Paid parental leave.
- Medical, Dental, Vision.
- Life Insurance.
- Supplemental Insurances.
- Short-Term & Long-Term Disability Benefits.
- Free parking.
- On-site Cafeteria.
About Us
Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 6 countries.
As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world.
Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark.
At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.
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