Senior Regulatory Compliance Analyst
Current• Responsible for day-to-day activities and monitoring compliance with the Company's Bank Secrecy Act and Anti-Money Laundering Policy.• BSA/AML/OFAC program.• AML/OFAC regulatory requirements, including the filing of SARS, responding to 314(b) requests, as well as fulfilling appropriate logging and documentation standards.• Develop expertise on all AML/OFAC controls, including mastering all related front-end systems, applications, data sources, and back-end controls.• Analyze data and results of existing transaction monitoring reports and determine whether to apply enhanced due diligence and/or investigation is warranted. Take appropriate action with cardholders and account holders, as well as others using company's financial platforms, based on analysis of overall card/accountholder and SSN activity.• Used checklists to ensure files are compliant to company policies and procedures• Liaised with internal departments such as relationship managers and internal support team, Confidential handling / sharing of sensitive client data.• Provide organizational support regarding compliance questions including cardholder disputes, policies, and procedures. Cooperate with law enforcement as required, responding to subpoenas and requests from regulatory agencies.• Review existing reporting and recommend/develop new enhancements to better identify new & evolving fraud patterns and capture unusual activity while limiting false positives.• Use analytical skills to produce and follow leads, as well as link common or related activities, develop complete pictures of suspicious activity and uncover new trends in fraudulent behavior.• Performed other duties as assigned.
