AML Analyst
AML Analyst
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USD 55000 - 65000
1 Vacancy
Job Description
Who We Are
Five Star Bank is a high performing $4.1 Billion community business bank operating through 8 offices 4 in the Capital Region 3 in the North Valley and 1 in San Francisco. With an emphasis on commercial real estate and small business we partner with organizations to help them be successful by providing highly customized banking solutions. Organizations bank with us because of our entrepreneurial and empathetic spirit speed to serve and deep connection to our market. And they trust us.
Position Overview
Under the direction of the Assistant AML Officer the incumbent will assist with regulatory compliance programs related to Bank Secrecy Act OFAC PATRIOT ACT and other antimoney laundering regulations. Time will be allotted and materials provided to facilitate sufficient knowledge of the AntiMoney Laundering regulations and their application to the Banks products and services. Training will also be provided in these areas.
Essential Job Functions
- Reviews daily cash logs and CTRs for accuracy and completeness. Ensures timely CTR filing with FinCEN
- Reviews various transactions to ensure the bank remains compliant with OFAC requirements
- Performs AML 314(a) scrubs and reports the results to the Assistant AML Officer
- Reviews completed new account documentation for compliance with AML and CIP requirements
- Tracks findings on New account documentation presents them to management and ensures they are corrected in a timely manner
- Supports the detection of suspicious activity and escalates to Assistant AML Officer
- Supports the Assistant AML Officers coordination of Legal Process Program
- With time and development:
- Revises existing or develops new forms to assist staff with internal AML reporting
- Assist with data validation by ensuring that all transactions are uploaded correctly to the Banks AML Software
- Assists with the preparation and filing of Suspicious Activity Referrals (SARs)
- Assist with preparation of Due Diligence review materials and review of relationships subject to Due Diligence reviews.
- Attends training as assigned by the AML Officer and/or CRO including webinars seminars and/or schools (may require travel to offsite locations)
- Reads and demonstrates understanding of regulations internal training materials and policies
- Assists with special projects as needed
- Attends training as assigned by the AML Officer and/or CRO including webinars seminars and/or schools (may require travel to offsite locations)
- Reads and demonstrates understanding of regulations internal training materials and policies
- Assists with special projects as needed
Qualifications
- Professionalism in dealing with others
- Strong organizational problemsolving time management and analytical skills
- Good verbal written and presentation skills
- Versatility flexibility and a willingness to work within constantly changing priorities
- Discretion when handling confidential and/or sensitive information
- Commitment to excellence and high standards
- Ability to handle multiple projects simultaneously and still meet deadlines
- Ability to work independently and as a member of various teams and committees
- Proficient with computers including use of Word Excel Outlook and Internet Explorer; and the ability to learn and operate numerous software applications related to the function
Required Education and Experience
- Associate degree required
Preferred Education and Experience
- Bachelors degree preferred
- Experience with a financial institution
- Experience with Patriot Officer software
- Experience with Silverlake 20/20 software
Position Type/Expected Hours of Work
This is a fulltime position that regularly requires 40 hours per week.
Travel
Travel is primarily local during the business day although some outofthearea and overnight travel may be expected.
Physical Demands
While performing the duties of this position the employee is in regular communication is required to use various tools or objects and have the mobility to move about the office. The employee occasionally lifts and/or moves objects up to 25 pounds. Specific vision abilities required by this position include close vision distance vision and the ability to adjust focus.
Other Duties
The purpose of the job description is to outline the duties and responsibilities for which the position is held accountable. The job description does not restrict the right of management to change alter or reassign duties at any time with or without notice.
EEO Statement
Five Star Bank is an Equal Employment Opportunity (EEO) employer and is committed to creating and maintaining a work environment that is free from all forms of discrimination and harassment. The Five Star Bank EEO policy prohibits harassment or discrimination due to age ancestry color disability gender gender expression gender identity genetic information marital status medical condition military or veteran status national origin race religious creed sex (including pregnancy childbirth breastfeeding and any related medical conditions) sexual orientation and any other classification protected by federal state or local laws regulations or ordinances. It also prohibits retaliation for engaging in protected activity such as filing a discrimination or harassment complaint or participating in an EEO investigation. This policy shall apply to all employment actions including but not limited to recruitment hiring upgrading promotion transfer demotion layoff recall termination rates of pay or other forms of compensation and selection for training including apprenticeship at all levels of employment.
If you are a qualified individual with a disability or a disabled veteran and are unable or limited in your ability to access our website you can request reasonable accommodation by sending an email to
NOTE: Five Star Bank personnel are employed on an atwill basis. All employment is atwill and can be terminated with or without cause at any time by the Employee or by Five Star Bank for any reason or no reason whatsoever with or without notice.
Required Experience:
IC
Employment Type
Full-Time
