We know of 4 jobs at COGENT BANK as of April 2024, including roles such as Senior BSA/AML Analyst, BSA/AML Analyst, and BSA/AML Manager.
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.
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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.
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.
Cogent Bank is seeking an experienced BSA professional to fill our BSA/AML Manager role. The ideal candidate will have 3 or more years of hands on experience in a community bank setting. This position will be located in Lake Mary, Fl. Come join our growing team!
The BSA/AML Manager oversees the day-to-day operations of the BSA/AML function of the bank including employee training and testing of compliance to bank policies and procedures and regulatory requirements.
. Requirements:
Responsibilities and Duties
- 314 (a) approval: Review cleared suspect items and documentation files for suspect items. Ensure timely submission to FinCEN, when applicable.
- Verafin Alerts: Review cleared Verafin alerts and notes, cases and complete investigations for SAR filing.
- Update parameters within Verafin as necessary to ensure we are capturing appropriate risk levels. Perform above and below the line testing of Verafin Alerts.
- 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 Approvals: Cash reports and CTR Reports approved, all Verafin alerts verified along with Cash Reports. Examination of various types of transactions, individuals/entities, cash expectations, multiple daily cash transactions by same conductor. Ensure CTRs are filed timely.
- SARs: Finalize any SAR investigation based on SAR Referrals from branches, Money Laundering Alerts and daily reports worked by the BSA/AML Analyst. Prepare findings and report to Chief Compliance Officer 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: 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 for OFAC updates as new lists are issued from the Treasury.
- Conduct Cannabis EDD Reviews
- Conduct EDD Reviews
- High Risk Reviews: Review High Risk Accounts annually. Document reviews and recommend changes to risk rating for Chief Compliance Officer.
- Exemptions: Review current exemptions annually, recommend customers for exemption and prepare documentation.
- BSA Board Report: Prepare compliance reports for board review monthly and quarterly, explain and discuss, with thorough explanations of reported activities and final resolution.
- ABA Frontline Training /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: 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); Updated RDC and ACH Clients (Monthly)
- Provide review and backup support to Compliance Officer and BSA/AML Analyst 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
- 3 or more years of BSA/AML experience in financial institution
- 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
Cogent Bank is an Equal Opportunity Employer
Direct candidate inquiries only. No recruiter, staffing agency, or third-party referrals accepted.
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.