General Description
Performs ongoing monitoring analysis of transactions to assure compliance with Bank Secrecy Act (BSA), USA Patriot Act, Anti-Money Laundering (AML), Currency Transaction Reporting (CTR), Suspicious Activity Reporting (SAR), OFAC, among other regulations. Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations and product offerings of the Bank. Collaborates in the assessment of money laundering/terrorist financing risk and recommends actions to be taken and/or controls to be followed.
Essential Duties and Responsibilities
- Analyze customer transactions to validate that they are aligned to their profiles.
- Assist in identifying possible SDN matches and/or unusual activity which may be related to fraud or AMLviolations.
- Escalate or refer to the corresponding parties within Popular as needed.
- Participate in the dual control process that monitors, reviews, and determines, on a daily basis, transactions involving potential matches against SDN lists.
- Review and scrutinize the transactions for potential OFAC violations and examines all OFAC alerts.
- Collect documentation to support analysis.
- Support the units in special projects that may arise from time to time and as needed.
Supervisory Responsibilities:
This job has no supervisory responsibilities.
Education
Bachelor's Degree in Business Administration or Criminal Justice
Experience
2 years relevant experience in Banking Industry, Compliance or Risk Management preferred but not required.
Knowledge, Skills and Abilities (KSA's)
- Practical knowledge of AML, BSA, USA Patriot Act and OFAC regulatory requirements preferred but not required.
- Knowledge of all applicable banking policies, procedures, laws, and regulations.
- Previous BSA/AML, fraud, loss prevention or corporate security investigative experience.
- Experience analyzing customer financial activity for unusual behavior, preferred but not required.
Values
Passion for People
Succeed Together
Own Every Moment
Build the Future
Additional Requirements
The information provided here is only a general guide as to the nature of the position and does not constitute an exact description of the goals, tasks, duties and responsibilities of the position. The specific details of each position are described in the employee’s performance evaluation.