Analyst

Title: BSA/AML Analyst - 091925

Job Description:

Job Title: BSA/AML Analyst

Position Location: Raleigh, NC. Hybrid Position - 2 days a week in office. Must live locally.

Job Summary:

The BSA/AML Analyst is responsible for ensuring Coastal's compliance with Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations. Daily activities focus on analyzing financial transactions and member profiles to ensure reporting of suspicious activity, mitigating risks where possible. This role is distinguished from the BSA/AML Specialist by performing work of greater complexity requiring extensive analysis, handling high risk account activity, and assisting law enforcement with requests.

As a key contributor to the Coastal team, your responsibilities will be:

• (60%) Manages and investigates a complex portfolio of suspicious financial activity. Reviews client relationships involving multiple accounts, geographic locations, products, and types of transactional activity. Develops an understanding of involved parties through research and gathered intelligence to gauge risk of potential money laundering, fraud, and other financial crimes. Gathers documentation and makes recommendations for further action.
• (20%) Prepares Suspicious Activity Reports (SARs) for investigations in accordance with federal regulations. Records all narratives and risk factors within each investigation.
• (10%) Reviews account activity to prepare and file Currency Transaction Reports (CTRs) as required by regulatory authorities.
• (10%) Maintains a strong knowledge of anti-money laundering regulations and trends as well as Bank operations and investigative resources. Prepares reports, case summaries, and other helpful documentation. Maintains strong professional partnerships through active participation in company and industry events.

Interested? Here are the qualifications we need to see on your resume:

Experience:

• Four years' BSA/AML experience
• Three years' experience with financial institution products and services
• CAMS certification or similar designation required

Education:

• High school diploma or GED. Bachelor's in business administration, finance, accounting, or related field preferred.

Essential cognitive/physical/social requirements of position:

Must be able to learn and retain information; remain in a stationary position; constantly operate a computer; and converse with others on a continual basis.

"It's our duty to create a workplace and company culture where everyone feels heard and valued, and is appreciated for their unique backgrounds, experiences, and perspectives. At the end of the day, what truly matters is that every person who walks through our doors believes that they are an integral part of our team and can bring their best, true self to work each day. Building a culture of inclusivity means creating an environment where everyone thrives and succeeds together."

• Tyler Grodi, CEO

VEVRAA Federal Contractor

Equal Opportunity/Affirmative Action Employer

Minority/Female/Disability/Veterans