The Analyst, Bank Secrecy (Monitoring) evaluates sensitive information concerning customer account activity including transactional data to prevent and assess if such activity may be potentially linked to unlawful practices related to money laundering, terrorist financing, organized crime, and other financial crime activity in order in order to determine if a subsequent investigation is required. This position will be working hybrid and is based in San Juan, PR.
MAJOR DUTIES & RESPONSABILITIES:
- Responsible for monitoring the bank’s customers for suspicious transactions by conducting reviews using an alert system that generates triggers depending on client transactions and various pre-defined parameters.
- Perform, analyze, and document alerts reviews from the Bank Surveillance Monitoring System. Validate and challenge conclusions assuring the are properly supported and that all assigned alerts are properly disposed.
- Apply analytical skills to obtain an in depth understanding of business documentation for various business types and conduct detailed transaction analysis in order to ensure customer profiles, stated business purpose and source/use of funds are commensurate with transactional activity.
- Monitors and stays up to date with public databases, publications, and other information sources to attempt to identify individuals or entities that present a heightened AML risk.
- Contributes to the overall success of the BSA Monitoring Unit ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s strategies and objectives.
- Ensures all duties conducted follow governing regulations, internal policies, and procedures.
- Develops and demonstrates proficiency in conducting investigations by collecting, evaluating, analyzing information and evidence related to known or suspected money laundering or terrorist financing in order to refer the alert to the investigations team for a potential suspicious activity report.
- Comply with the timeframe required by federal & local banking laws & standards.
- Establishes and maintains effective liaison and communication with Business Units, Operational Units, and any other employee of the bank to enhance resolution efforts and maintain BSA / AML policies and procedures.
- Other duties may be assigned.
MINIMUM REQUIREMENTS:
- Bachelor's degree in business administration or any other related discipline is required.
- One (1) year of relevant BSA/AML analysis, fraud, compliance, retail or operational experience required. Banking experience required.
- Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
- Strong knowledge of BSA requirements and regulations policies, procedures, practices, and documentation highly desirable.
- In depth analytical thinking, and investigative skills with attention to detail and accuracy.
- Excellent written and verbal communication skills in both: English and Spanish required. Technical writing ability preferred.
- Ability to work effectively with individuals and groups throughout the organization.
- Understands bank operations, policies, and procedures.
- Must be proficient with MS Office Tools (Word, Excel, PowerPoint, Outlook, Teams, among others).
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WORK AUTHORIZATION & ELEGIBILITY:
- Legally authorized to work in the US is required. This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
- Employee is responsible for maintaining eligible work authorization throughout his tenure with the organization.
Oriental is an Equal Opportunity Employer (EEO/Affirmative Action for Veterans/Workers with Disabilities)
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