Compliance Analyst

Essential Duties and Responsibilities: The essential functions include, but are not limited to: Processes new customer KYC applications for lending and cash management offerings. Reviews the accuracy of the customer's AML Risk Score, prepared by noncredit services or the CoBank relationship manager, and makes revisions as appropriate. Assists in validating prepared and/or updated AML Risk Scores to ensure that they are correct and in accordance with bank requirements. Updates existing AML Risk Scores based on customers' foreign wire activity observed during transaction monitoring. Assesses Beneficial Ownership documents and handles requests for additional information. Conducts research and validation of entity data using appropriate internal and external data sources, including legal name, address, entity type, and ownership verification. Performs initial OFAC searches, identifies false positive hits, and escalates true hits to OFAC Lead. Performs customer transaction monitoring across all products and services to identify suspicious activity requiring a Suspicious Activity Report (SAR).Assists in performing periodic audits of new customer records to ensure all appropriate customer identity verification and KYC information has been collected and stored and that any advanced due diligence requirements based on the AML Risk Score have been addressed and documented. Assists in reviewing and recommending improvements for internal processes, including forms/checklists, data collection methods, analyses and reporting. Manages permanent increases in customers' deposit limits. Assists in updating Compliance Program documentation. Participates in special projects and performs other duties, as assigned. Top Candidate Skills Knowledgeable about the AML WorldSelf Sufficient Detail oriented Key Experience 3+ years of experience Banking industry experienceAML compliance experienceKYC/CIPBeneficial Ownership Transaction monitoring Suspicious Activity Reports (SAR)OFAC screening Bank Secrecy Act/USA PATRIOT ActNice to HavesOFAC screening Experience Patriot act experienceACAMS or CFCS designation Experience using automated transaction monitoring software