Cannabis Aml Analyst Jobs
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Here are 5 cannabis jobs mentioning "aml analyst" in May 2024, at companies like COGENT BANK, MVB Bank, and Infinity Consulting Solutions, Inc., including positions such as Senior BSA/AML Analyst, BSA/AML Analyst, Senior FIU FinTech BSA/AML Analyst, and AML Analyst.
More than 30+ days
Description:
Job Summary
Cogent Bank is currently seeking a BSA professional to add to its staff. Cogent Bank is a full-service community bank headquartered in Central Florida with over $1 billion in assets. We offer a full spectrum of lending, depository, property and treasury management services to meet the needs of our clients.
The Senior BSA/AML Analyst is responsible for overseeing, testing and monitoring the Bank’s enterprise wide BSA/AML/OFAC program to ensure the Bank complies with the regulatory requirements under the Bank Secrecy Act (BSA), other Anti-Money Laundering (AML) Laws and Regulations along with the Office of Foreign Asset Control (OFAC) Laws and Regulations. The Senior BSA/AML Analyst will be responsible for managing complex BSA/AML/OFAC related functions such as analysis, investigations and disposition of alerts generated from the Bank’s BSA/AML automated surveillance monitoring software as well as preparing detailed reports and analysis of BSA/AML/OFAC data.
Requirements:Responsibilities and Duties
- Individually, ensures BSA compliance by reading and being familiar with the BSA/AML program/policy; following all BSA/AML/OFAC policies and procedures; and completing all BSA/AML/OFAC related online courses.
- 314 (a) approval: Review cleared suspect items and documentation files for suspect items. Ensure timely submission to FinCEN, when applicable.
- Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) Completion: Ensure CDD forms are completely timely by the branch and updated as identified in Verafin Reports reviewed timely and with no errors. Independently perform EDD reviews.
- High Risk Reviews: Conduct High Risk Reviews on a periodic basis. Review transaction history, supporting data, background information and provide detailed written analysis. Changes in risk rating should be recommended to the BSA Officer.
- CTR & Cash Report Approvals: Review and approve daily cash reports and CTR Reports including verification of Verafin alerts. Examination of various types of transactions, individuals/entities, cash expectations, multiple daily cash transactions by same conductor. Ensure CTRs are prepped and filed timely.
- SARs: Gather necessary data from any SAR new or continuing SAR investigation, prepare accurate narratives and complete SAR reports timely in accordance with regulatory guidelines. SARs should be provided to BSA Officer within five (5) days of notification/detection.
- OFAC Reporting: Certify ACH Activity, IAT ACH Activity when applicable, new account reporting and end of month reporting and Accounts Payable Verification monthly. Verification of the FIS system or similar for OFAC updates as new lists are issued from the Treasury.
- Verafin Alerts: Review cleared Verafin alerts and notes, cases and complete investigations for SAR filing.
- Periodically review parameters within Verafin to ensure we are appropriately identifying and capturing appropriate risk levels. Perform above/below the line testing for Verafin Alerts.
- Cannabis Banking Onboarding and Continuing Review: Review files to ensure licensing and other necessary documents in accordance with State Law are obtained prior to onboarding, perform appropriate CDD/EDD as required, coordinate site inspections as necessary with relationship officer, monitor and report activity, complete SARs as necessary.
- Phase I/Phase II Exemptions: Review current exemptions annually, recommend customers for exemption to BSA Officer and prepare documentation.
- BSA Board Report: Responsible for risk data analysis, report preparation and trend analysis, utilizing BSA tools to prepare reports for board review monthly and quarterly. Prepare to provide thorough explanations of reported activities and final resolution.
- BSA/AML Employee Training: Identify training needs and opportunities, notifying Senior Management and obtaining approval, and coordinating training with various depts; monitor employee and board member progress and maintain compliance log, reporting to board; ensure all employees and board members have completed required training; Monitor employee progress and send reminder emails as necessary.
- Review the following ratings suggestions from BSA/AML Analyst on a monthly basis:
o Country Risk Ratings
o Customer Risk Changes
o Industries Risk Ratings
o Occupations Risk Ratings
o Zip Code Risk Ratings
o OFAC Sanctions Ratings
o Updated RDC and ACH Clients
- Serves as backup to BSA Officer
- Provides review and backup support to Compliance Officer as needed
- All other tasks, responsibilities or duties, as directed by management.
Qualifications and Skills
- Bachelor’s Degree preferred and five (5) or more years of directly related BSA/AML experience in financial institution or equivalent combination of education and experience
- Certified Anti-Money Laundering Specialist (CAMS) and/or other BSA/AML related certifications preferred
- Understanding and familiarity with Cannabis Banking structure, licensing requirements, and overall due diligence preferred.
- Verafin software platform experience preferred
- Ability to shift priorities, budget time and maintain effectiveness in work-flow; must be adept at performing two or more parallel assignments.
- Possess excellent organizational, analytical, and written/verbal communication skills
- Ability to build relationships using teamwork, problem identification and problem solution skills
- Position located in Central Florida but willing to consider remote candidates with requisite experience.
Apply for this job with COGENT BANK
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Description:
Job Summary
Cogent Bank is currently seeking to add to its BSA staff. Cogent Bank is a full-service community bank headquartered in Central Florida with over $1 billion in assets. We offer a full spectrum of lending, depository, property and treasury management services to meet the needs of our clients.
The BSA/AML Analyst is responsible for review and analysis of alerts, transactions, trends, and reports and supports the day-to-day operations of the BSA/AML function of the bank.
Requirements:Responsibilities and Duties
- 314 (a) review: Pull down FinCEN files to Verafin. Clear any suspect items and document files for suspect items. Timely review submitted by FinCEN deadline with no errors.
- Verafin Alerts: Check Verafin alerts daily and resolve with notes, create cases, and start investigations for possible SAR filing.
- Customer Due Diligence (CDD) Completion: Ensure CDD forms are completely timely by the branch and updated as identified in Verafin Reports reviewed timely and with no errors.
- CTR & Cash Report Reviews: Cash reports and CTR Reports checked daily, all Verafin alerts worked daily with Cash Reports. Review of various types of transactions, individuals/entities, cash expectations, multiple daily cash transactions by same conductor. Ensure CTRs are prepared for timely filing and forwarded to the BSA/AML Manager.
- SARs: Begin any SAR investigation based on SAR Referrals from branches, Money Laundering Alerts, and daily reports. Prepare findings and report to BSA/AML Manager within 5 days of notification/detection. Once SAR determination has been made by SAR Committee, SARs are to be filed within 30 days and monitored for 90 days following filing, if deemed necessary then continuation SARs filed with 30 days for a total of 120 days.
- OFAC Reporting: Review ACH Activity, IAT ACH Activity when applicable, New Account reporting and end of month reporting and Accounts Payable Verification monthly. Verification of the FIS system for OFAC updates as new lists are issued from the Treasury. Testing also includes reviewing cashed items from the Currency Transaction reports for OFAC verification.
- Assist in Cannabis EDD Reviews
- Assist in EDD Reviews
- High Risk Reviews: Review High Risk Accounts annually. Document reviews and recommend changes to risk rating for BSA/AML Manager.
- BSA Board Report: Compile documentation for compliance reports for board review monthly and quarterly.
- Review the following ratings within Verafin:
- Country Risk Ratings (Monthly)
- Customer Risk Changes (Monthly)
- Industries Risk Ratings (Monthly)
- Occupations Risk Ratings (Monthly)
- Zip Code Risk Ratings (Monthly)
- OFAC Sanctions Ratings (Monthly)
- Updating RDC and ACH Clients (Monthly)
- Provide review and backup support to Compliance and BSA Department as needed
- Individually, ensures BSA compliance by reading and being familiar with the BSA/AML program/policy; following all BSA/AML/OFAC policies and procedures; and completing all BSA/AML/OFAC related online courses.
- All other tasks, responsibilities, or duties, as directed by management.
Qualifications and Skills
- 1 or more years of BSA/AML experience in financial institution
- Experience with Verafin strongly preferred; cannabis banking a plus; digital assets/cryptocurrency experience a plus
- Bachelor’s Degree preferred
- Strong understanding and familiarity with the Bank Secrecy Act, USA PATRIOT Act and related regulations
- Excellent follow up & communication skills
- Strong organizational and project management skills
- Professional demeanor and strong interpersonal skills
Apply for this job with COGENT BANK
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.
ABOUT US
Here at MVB, our company culture defines the environment in which Team Members thrive. Our culture impacts a wide range of elements, including our purpose, values, expectations and goals that support growth and engagement – it is the secret sauce of our organization!
Our values live at the core of all that we do – Trust, Commitment, Teamwork, Adaptive, Respect, Love and Caring are our foundation for success. We are committed to fostering an environment focused on diversity, equity and inclusion and we welcome Team Members from all walks of life. Join Team MVB today!
MVB Financial Corp. (“MVB Financial” or “MVB”), an innovative financial holding company, is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Through its subsidiary MVB Bank, Inc., and the Bank’s subsidiaries, including MVB Edge Ventures, the company provides banking services to individuals and corporate clients, as well as acquiring and issuing sponsorships, banking-as-a-service and cryptocurrency to fintech and gaming clients throughout the United States.
This role can be based 100% remotely.
ABOUT THE ROLE
The Senior FIU FinTech BSA/AML Analyst assists in the administration of all aspects of the BSA/AML program. This position will perform the tasks of a BSA/AML Analyst, but will also perform independent research, contribute content to BSA/AML/OFAC and Fraud training programs, write procedures, and may review the work of lesser experienced Analysts and Associates.
WHAT YOU’LL DO
- Independently investigates BSA/AML alerts of increasing complexity, conducts Case investigations, and prepares SARs in a timely manner set under the policy and procedure of the bank.
- Independently reviews Watchlist (OFAC, PEP, etc.) alerts of increasing complexity in a timely manner set under the policy and procedure of the bank.
- Conduct initial and continuous EDD (Enhance Due Diligence) reviews, writing effective analysis narratives of assigned higher-risk customer relationships in a timely manner set under the policy and procedure of the bank.
- Identify unusual activities and behaviors across multiple products, analyzing and assessing information and referring all transactions that may be indicative of potentially suspicious activity as outlined in BSA/AML procedures.
- May assist in evaluating risk of prospective FinTech opportunities for formal internal presentation.
- Writes BSA/AML/OFAC and Fraud procedures.
- Performs independent research on BSA/AML/OFAC and Fraud issues, presents research results, and develops training content with same.
- May perform QA review of the work of lesser experienced Analysts in their day-to-day functions and may aide and coach on specific projects and cases reviewed.
- May manage internal department projects.
- Participates in cross-department projects involving BSA/AML/OFAC and Fraud.
- Maintains subject matter expertise in higher-risk customer types including MSBs, Gaming, Cannabis, Fintech Payments, Cryptocurrency, and other Fintech companies.
- Maintains subject matter expertise in the AML, OFAC, and Fraud systems used in the department with respect to productivity and dashboard monitoring, and report-writing.
- Supports the Training and Risk Assessment process with content and analysis.
- Provide support to the Operational and Business units of the organization on fraud and AML matters
- Develop and maintain knowledge of all applicable laws and regulations, along with the Bank’s policies and procedures.
- Actively participate in team meetings; share information and make suggestions for improvements to fraud and AML operations.
- Cross train in all areas of the BSA/AML Program and Fraud within BSA program processes.
A Senior BSA/AML Analyst with international experience:
- Complex monitoring and escalation of International investigations
- Monitor products to ensure full compliance with pertinent country rules and regulations.
- Conduct lookbacks and analysis on client’s accounts locally and internationally if needed to determine any sanctions nexus and request remedial actions to be taken
- Maintains a deep and current knowledge of international variances in legal and regulatory requirements
- Familiar with international accounts features and benefits.
- Familiar with cross border trades.
- Knowledge of different Government Sanctions lists including OFAC, United Nations, European Union.
SKILLS
- Attention to detail and accuracy
- Critical and analytical thinking
- Knowledge of all Banking and financial products and services both consumer and business
- Ability to research, collect, and analyze complex or diverse information
- Effective time management
- Strong written and verbal communication skills
- Effective planning and organization skills
- Sound and accurate judgment
- Proficient computer skills
- Self-starter: proactive and taking initiative(s) when needed
- Positive interpersonal relationship skills
EDUCATION & WORK EXPERIENCE
- Bachelor’s degree preferred.
- Accreditation such as ACAMs, ACFE, CRCM and any other Industry accreditation
- Minimum of 4 years of BSA/AML/OFAC or fraud experience in a bank environment.
- Previous supervisory, QA, or QC experience is preferred.
- Knowledge of banking operations and processes.
- Proficient in Microsoft Applications (Word, Excel, PowerPoint, Outlook)
- Preferred experience with; AML software of Verafin and/or Thompson Reuters Clear applications
- Preferred Fintech, International, MSB, Cannabis monitoring
- Preferred Virtual Currency, Bitcoin
BENEFITS AT MVB
MVB Financial Corp., (“MVB”) offers an excellent selection of benefits for regular, part-time and full-time Team Members, including:
- Medical, Dental and Vision Insurance
- Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
- Short- and Long-Term Disability Plan
- Group Life Insurance
- 401K Salary Deferral Plan
- Wellness Program
- Education & Tuition Expense Reimbursement
- Unique Vacation Purchase Program
- Bitcoin Savings Program
- Nationwide Pet Insurance Coverage
#LI-Remote
We encourage you to submit an application even if you haven’t performed every job duty listed above, as your skills may be transferrable. MVB is looking for ambitious individuals with related knowledge, understanding and abilities who are willing to learn and grow. What we care about most is allowing you to develop and, in return, you help us become a stronger, more diverse and well-rounded organization.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Apply for this job with MVB Bank
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Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.
Essential Duties & Responsibilities:
- Perform Customer Due Diligence (CDD) including analysis review of anticipated vs actual activity and the ability to understand and evaluate industry specific transaction expectations.
- Complete EDD (Enhanced Due Diligence) reviews of the bank's high-risk customers. Perform research, analysis and investigation of the entire customer relationship.
- Review Alerts, Case Reviews with ability to make SAR or No SAR conclusions. Includes the ability to evaluate supporting documentation and translate into a narrative investigation.
- Daily monitoring and analysis of various reports and transaction data to identify trends, unusual or suspicious activity, and/or significant changes in account activity.
- Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer's account activity.
- Review and maintain various BSA reports for accuracy, monitor, and refer suspicious activities to the proper BSA unit for further investigation.
- Maintain well organized electronic records, including spreadsheets, and written reports of completed reviews
- Be the subject matter expert for banking cannabis related businesses with the ability to identify red flags and knowledgeable of the California requirements.
- Provide training to staff on cannabis banking.
- Perform other duties as assigned
Job Related Qualifications:
Knowledge/Skills/Abilities
- Computer skills to include use of Microsoft Office products and other programs as required.
- Excellent written and verbal communication skills, attention to detail and follow-through.
- Strong training abilities, excellent leadership, and people skills.
- Dedication to teamwork and long-term commitment to success.
Education/ Licenses/ Work Experience
- Bachelor's Degree in Business Administration or a minimum of three years' experience in a banking BSA/AML role or banking operations.
- Strong knowledge and experience in banking operations.
- Strong knowledge of the cannabis related industry
- Verafin knowledge is a plus
Apply for this job with Infinity Consulting Solutions, Inc.
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.
Description:
Cogent Bank is currently seeking a BSA professional to add to its staff.
The Senior BSA/AML Analyst is responsible for overseeing, testing and monitoring the Bank’s enterprise wide BSA/AML/OFAC program to ensure the Bank complies with the regulatory requirements under the Bank Secrecy Act (BSA), other Anti-Money Laundering (AML) Laws and Regulations along with the Office of Foreign Asset Control (OFAC) Laws and Regulations. The Senior BSA/AML Analyst will be responsible for managing complex BSA/AML/OFAC related functions such as analysis, investigations and disposition of alerts generated from the Bank’s BSA/AML automated surveillance monitoring software as well as preparing detailed reports and analysis of BSA/AML/OFAC data.
Responsibilities and Duties
- Individually, ensures BSA compliance by reading and being familiar with the BSA/AML program/policy; following all BSA/AML/OFAC policies and procedures; and completing all BSA/AML/OFAC related online courses.
- 314 (a) approval: Review cleared suspect items and documentation files for suspect items. Ensure timely submission to FinCEN, when applicable.
- Customer Due Diligence/Enhanced Due Diligence (CDD/EDD) Completion: Ensure CDD forms are completely timely by the branch and updated as identified in Verafin Reports reviewed timely and with no errors. Independently perform EDD reviews.
- High Risk Reviews: Conduct High Risk Reviews on a periodic basis. Review transaction history, supporting data, background information and provide detailed written analysis. Changes in risk rating should be recommended to the BSA Officer.
- CTR & Cash Report Approvals: Review and approve daily cash reports and CTR Reports including verification of Verafin alerts. Examination of various types of transactions, individuals/entities, cash expectations, multiple daily cash transactions by same conductor. Ensure CTRs are prepped and filed timely.
- SARs: Gather necessary data from any SAR new or continuing SAR investigation, prepare accurate narratives and complete SAR reports timely in accordance with regulatory guidelines. SARs should be provided to BSA Officer within five (5) days of notification/detection.
- OFAC Reporting: Certify ACH Activity, IAT ACH Activity when applicable, new account reporting and end of month reporting and Accounts Payable Verification monthly. Verification of the FIS system or similar for OFAC updates as new lists are issued from the Treasury.
- Verafin Alerts: Review cleared Verafin alerts and notes, cases and complete investigations for SAR filing.
- Periodically review parameters within Verafin to ensure we are appropriately identifying and capturing appropriate risk levels. Perform above/below the line testing for Verafin Alerts.
- Cannabis Banking Onboarding and Continuing Review: Review files to ensure licensing and other necessary documents in accordance with State Law are obtained prior to onboarding, perform appropriate CDD/EDD as required, coordinate site inspections as necessary with relationship officer, monitor and report activity, complete SARs as necessary.
- Phase I/Phase II Exemptions: Review current exemptions annually, recommend customers for exemption to BSA Officer and prepare documentation.
- BSA Board Report: Responsible for risk data analysis, report preparation and trend analysis, utilizing BSA tools to prepare reports for board review monthly and quarterly. Prepare to provide thorough explanations of reported activities and final resolution.
- BSA/AML Employee Training: Identify training needs and opportunities, notifying Senior Management and obtaining approval, and coordinating training with various depts; monitor employee and board member progress and maintain compliance log, reporting to board; ensure all employees and board members have completed required training; Monitor employee progress and send reminder emails as necessary.
- Review the following ratings suggestions from BSA/AML Analyst on a monthly basis:
o Country Risk Ratings
o Customer Risk Changes
o Industries Risk Ratings
o Occupations Risk Ratings
o Zip Code Risk Ratings
o OFAC Sanctions Ratings
o Updated RDC and ACH Clients
- Serves as backup to BSA Officer
- Provides review and backup support to Compliance Officer as needed
- All other tasks, responsibilities or duties, as directed by management.
- Bachelor’s Degree preferred and five (5) or more years of directly related BSA/AML experience in financial institution or equivalent combination of education and experience
- Certified Anti-Money Laundering Specialist (CAMS) and/or other BSA/AML related certifications preferred
- Understanding and familiarity with Cannabis Banking structure, licensing requirements, and overall due diligence preferred.
- Verafin software platform experience preferred
- Ability to shift priorities, budget time and maintain effectiveness in work-flow; must be adept at performing two or more parallel assignments.
- Possess excellent organizational, analytical, and written/verbal communication skills
- Ability to build relationships using teamwork, problem identification and problem solution skills
- Position located in Central Florida but willing to consider remote candidates with requisite experience.
Apply for this job with COGENT BANK
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.