Cannabis Financial Crimes Quality Assurance Analyst Hybrid Jobs

Position Title
Financial Crimes Quality Assurance Analyst (Hybrid)
Location
Headquarters-Troy, MI
Job Summary
This position is fundamental in the performance and execution of the Financial Crimes Unit’s (FCU) processes, standards, and methodologies.
The Financial Crimes Quality Assurance (QA) Analyst will support the maintenance, execution, and expansion of the QA program within the FCU. This will include the planning, organizing, and completion of QA reviews of FCU work products to ensure proper documentation of work, and provide relevant and timely feedback to FCU staff. Based on the results, this position will assist in the preparation of meaningful, robust metrics and ongoing reporting of trends, findings, recommendations, and progress towards remediation objectives to FCU management. The position will also assist in the assessment of QA results to determine when issues identified are systemic in nature and require training or other remediation.
The successful candidate will have a background in Quality Assurance (QA), Financial Crimes, or banking with the ability to support a formal QA program within the FCU. Attaining a comprehensive understanding of all FCU policies, procedures, and processes is necessary, as well as staying informed of any pending additions or changes. This position requires the ability to work independently with minimal direction and guidance and to provide best practices related to suspicious activity monitoring (SAM), customer due diligence (CDD), enhanced due diligence (EDD), Office of Foreign Assets Control (OFAC) compliance, suspicious activity reporting (SAR), currency transaction report (CTR) filing, CTR exemptions, fraud, loss prevention, cannabis business due diligence (CBDD), and other business processes. This person will also be responsible for assisting in the assessment of the impact of implementing new practices, standards, FinCEN and OCC guidance as it relates to financial crimes practices across the organization.
The Financial Crimes QA Analyst will support the Senior Financial Crimes QA Analyst and the Deputy BSA/AML Compliance Officer. This position will report directly to the Deputy BSA/AML Compliance Officer and will work with all levels of staff and be an integral part of the FCU management team as we implement industry best practices.
This position will be Hybrid at our Troy, MI HQ and Work from home MI.
Job Responsibilities:

• Monitor, assess, and document the performance of FCU staff in following procedures related to SAM, CDD, EDD, SAR/No SAR decisions, CTR filing and exemptions, risk assessment, OFAC/PEP reporting, fraud, loss prevention, CBDD reviews, and other business processes.
• Assess the need for additional QA processes and training opportunities within the FCU through observation, testing and collaboration with FCU management. Determine where additional value can be added by the QA staff. Develop, recommend and monitor corrective and preventive actions. Attend FCU team meetings to stay informed of procedure/process changes, issues, and team training, and provide relevant feedback from QA reviews.
• Perform ad-hoc, special, and/or focused reviews as necessary, as well as other duties and responsibilities as assigned by the Deputy BSA/AML Compliance Officer and Financial Crimes Director.
• Ensure compliance with applicable federal, state and local laws and regulations. Complete all required compliance training. Maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Take responsibility to keep up to date with changing regulations and policies.

Job Requirements:

• Two or more years of financial industry, Quality Assurance, BSA/AML, financial crime prevention/detection or related experience.
• Bachelor’s Degree Strongly Preferred (Business Administration, Criminal Justice, or related field)
  
• Thorough knowledge of and experience with federal and state AML regulations and requirements, including the Bank Secrecy Act, The USA PATRIOT Act, FFIEC BSA/AML Exam Manual guidelines, OFAC/Economic Sanctions, Suspicious Activity Reporting, and financial crimes prevention and detection
• Positive attitude, enthusiasm, professionalism, and strong work ethic with high level of integrity and ethics
• Outstanding written and verbal communication skills with demonstrated ability consulting with all levels of an organization
• Team-oriented, great at problem solving, able to juggle multiple priorities and excel in a dynamic and fast moving environment
• Preferred: Anti-Money Laundering Specialist Certification (CAMS), Certified Financial Crime Specialist (CFCS), or Certified Regulatory Compliance Manager (CRCM)

Internal Use Only: Band G

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