Reviews and dispositions transaction monitoring alerts, analyzes AML scenarios, validates transactional data, identifies suspicious activity, verifies KYC/CIP/CDD information, and escalates cases. Provides guidance to junior analysts, documents decisions, communicates with internal departments, monitors regulatory updates, and supports investigations and special projects while maintaining BSA/AML compliance.
Transaction Monitoring (TM) Analyst IIQUALIFICATIONS & SKILLSEDUCATION & EXPERIENCE
CORPORATE TITLE: Non-Officer
DEPARTMENT: BSA (Transaction Monitoring Team)
REPORTS TO: VP, TM Team Lead
COMPLIANCE STATEMENTAdheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements, including but not limited to Sarbanes-Oxley Act, Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position.
POSITION OVERVIEWTransaction Monitoring (TM) Analyst II is a senior-level role within the BSA Department’s Transaction Monitoring Team. The TM analyst II is responsible for conducting timely and accurate reviews of transaction monitoring alerts. The role requires strong analytical skills, attention to detail, and a foundational understanding of AML compliance.
KEY RESPONSIBILITIES- Be a subject matter expert and provide guidance to junior staff with any questions or concerns raised during alert reviews.
- Conduct analysis on transaction monitoring scenarios utilizing above the line/below the line testing to ensure transaction monitoring scenarios generating quality alerts.
- Review and disposition transaction monitoring alerts in accordance with internal procedures and regulatory expectations. Document alert reviews and decisions in a clear, concise, and auditable manner.
- Conduct daily validation of AML transactional data ensuring accuracy and completeness.
- Identify patterns of potentially suspicious activity and escalate cases for further review.
- Communicate with internal departments (e.g., branch operations) to obtain necessary customer or transaction information.
- Verify customer information in accordance with Know Your Customer, CIP, and Customer Due Diligence (CDD) requirements.
- Maintain awareness of current AML trends and typologies.
- Ensure compliance with all applicable laws, regulations, and internal policies, and complete all required training within designated timeframes.
- Stay abreast of regulatory updates pertaining to Bank Secrecy Act and emerging topics
- Support the team lead with any special projects and investigations as needed.
- High level of integrity, confidentiality, and professionalism.
- Strong analytical and problem-solving skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office (Word, Excel, Outlook).
- Ability to manage multiple tasks and meet deadlines.
- Experience with AML software platforms (e.g., BAM/BAM+, FIS IBS) is a plus.
- Ability to work collaboratively in a team environment.
- Bachelor’s degree in Criminal Justice, Business, Finance, Accounting, or related field preferred.
- 5+ years of experience in banking operations, BSA/AML compliance, or related field preferred.
- Familiarity with regulatory requirements related to BSA/AML and CTR processes is desirable.
REWARDS PACKAGE- Medical Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Paid Time Off
- 401(k) with Matching Contributions
We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $58,000 - $70,304. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.
Must be authorized to work in the US.
We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.
Commonwealth Business Bank Los Angeles, California, USA Office
Los Angeles, CA, United States
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