Title: Compliance BSA/AML Analyst
Location: Fort Lauderdale, FL (5 days per week onsite)
Type: FTE
Pay Rate: $65,000-$70,000
**Only those who do not require any current or future sponsorship can be considered, no 3rd parties**
As a BSA/AML Analyst, you will leverage your skills in transactional monitoring, data analysis, and compliance to ensure adherence to federal regulations within the BSA/AML/OFAC program. You will be responsible for strengthening BSA/AML/OFAC controls, identifying emerging financial threats, and improving overall efficiency across various payment platforms, products, and services. This company is a prominent provider of payout solutions, catering to a diverse range of industries, including freelance, direct sales, esports, and insurance.
Key Responsibilities:
- Transactional Monitoring & Analysis: Analyze transaction reports to determine whether further investigation or enhanced due diligence is required. Review user and merchant activity to identify suspicious behavior.
- Regulatory Compliance: Ensure compliance with regulatory obligations, such as filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), and maintaining accurate documentation.
- BSA/AML/OFAC Controls: Develop expertise in internal BSA/AML/OFAC controls, mastering related systems, data sources, and back-end processes.
- Process Improvement: Assess current monitoring processes and recommend improvements to enhance efficiency, reduce false positives, and better detect unusual activity.
- Data-Driven Investigations: Use analytical skills to track leads, link related activities, and uncover emerging fraud trends.
- Cross-Functional Collaboration: Partner with operations, customer support, and IT teams to integrate compliance measures in platform development, transaction processes, and user interactions.
- Policy Development & Implementation: Collaborate on the development and updating of policies, ensuring accuracy and timeliness, and maintaining compliance documentation.
- Support Internal Audits: Assist in conducting internal audits of existing clients and compliance processes.
- Risk Mitigation: Recommend ways to enhance and operationalize policies, processes, and controls aimed at mitigating risk.
Qualifications:
- Experience: A minimum of 3 years of experience in BSA/AML/OFAC-related activities in the financial services industry, including financial crime investigations and money laundering monitoring.
- Education: High school diploma or equivalent required (bachelor's degree preferred).
- Skills: Proficient in MS Office, especially Excel. Ability to quickly adapt to various programs (e.g., transaction monitoring software, databases, identity verification tools). Strong organizational skills, attention to detail, and professionalism.
- Communication: Excellent verbal and written communication skills.
- Preferred Qualifications: Experience in money transfer, fintech, or regulatory environments. Familiarity with creating management reports and presentations. SQL experience.
Ideal Candidate Profile:
You are a creative problem-solver with excellent communication skills, capable of thriving in fast-paced environments. You have a strong ability to adapt to new software tools and use data analysis to make informed decisions.
