Job Description
Qualifications
3+ years of related experience, with emphasis on BSA transaction monitoring;
Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
Strong analytical skills required to organize and analyze multiple, complete data sets as well a strong interpersonal and organizational skills;
Excellent attention to detail and “follow through” skills;
Strong technical and research skills and excel skills;
Excellent writing, analytical and communication skills;
Ability to understand and draw conclusions from research conducted;
Takes initiatives, is proactive, self-motivator, self-starter, result driven out of the box thinker;
Must have ongoing sense of urgency and high level of flexibility;
Maintains current on BSA/AML/OFAC news and events as well as regulatory updates
Responsibilities
The Transaction Monitoring / Alerts Unit is responsible for reviewing alerted activity from the Bank’s monitoring system and determining whether the activity requires escalation to the investigations team
Adheres to Seacoast Bank’s code of conduct
Perform and document sufficient KYC/CDD Information to effectively support alert resolution
Conduct a detailed review of alerted transactions to identify if activity is commensurate with customer relationship based on KYC/CDD information available
Apply technical knowledge to accurately assess the transactional activity by identifying risks, patterns and trends that could be related to money laundering and terrorist financing
Utilize internal systems, databases available, and internet research to gather information needed to support analysis and draw conclusions related to transactional activity
Prepare a write-up that adequately supports conclusions as to “why” the activity is reasonable for the customer or provide recommendations to escalate potential suspicious activity (as needed)
Adhere to confidential policies, code of ethics, and follow policies and procedures relative to BSA/AML laws and regulations and best practices
Address feedback received from QC functions and incorporate into future work products
Other duties as assigned by management or BSA Officer
Job description
JOB SUMMARY:
The Transaction Monitoring / Alerts Unit is responsible for reviewing alerted activity from the Bank’s monitoring system and determining whether the activity requires escalation to the investigations team.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Adheres to Seacoast Bank’s code of conduct.
• Perform and document sufficient KYC/CDD Information to effectively support alert resolution.
• Conduct a detailed review of alerted transactions to identify if activity is commensurate with customer relationship based on KYC/CDD information available.
• Apply technical knowledge to accurately assess the transactional activity by identifying risks, patterns and trends that could be related to money laundering and terrorist financing.
• Utilize internal systems, databases available, and internet research to gather information needed to support analysis and draw conclusions related to transactional activity.
• Prepare a write-up that adequately supports conclusions as to “why” the activity is reasonable for the customer or provide recommendations to escalate potential suspicious activity (as needed).
• Adhere to confidential policies, code of ethics, and follow policies and procedures relative to BSA/AML laws and regulations and best practices.
• Address feedback received from QC functions and incorporate into future work products.
• Other duties as assigned by management or BSA Officer.
EDUCATION and/or EXPERIENCE:
• 3+ years of related experience, with emphasis on BSA transaction monitoring;
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
• Strong analytical skills required to organize and analyze multiple, complete data sets as well a strong interpersonal and organizational skills;
• Excellent attention to detail and “follow through” skills;
• Strong technical and research skills and excel skills;
• Excellent writing, analytical and communication skills;
• Ability to understand and draw conclusions from research conducted;
• Takes initiatives, is proactive, self-motivator, self-starter, result driven out of the box thinker;
• Must have ongoing sense of urgency and high level of flexibility;
• Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
3+ years of related experience, with emphasis on BSA transaction monitoring;
Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
Strong analytical skills required to organize and analyze multiple, complete data sets as well a strong interpersonal and organizational skills;
Excellent attention to detail and “follow through” skills;
Strong technical and research skills and excel skills;
Excellent writing, analytical and communication skills;
Ability to understand and draw conclusions from research conducted;
Takes initiatives, is proactive, self-motivator, self-starter, result driven out of the box thinker;
Must have ongoing sense of urgency and high level of flexibility;
Maintains current on BSA/AML/OFAC news and events as well as regulatory updates
Responsibilities
The Transaction Monitoring / Alerts Unit is responsible for reviewing alerted activity from the Bank’s monitoring system and determining whether the activity requires escalation to the investigations team
Adheres to Seacoast Bank’s code of conduct
Perform and document sufficient KYC/CDD Information to effectively support alert resolution
Conduct a detailed review of alerted transactions to identify if activity is commensurate with customer relationship based on KYC/CDD information available
Apply technical knowledge to accurately assess the transactional activity by identifying risks, patterns and trends that could be related to money laundering and terrorist financing
Utilize internal systems, databases available, and internet research to gather information needed to support analysis and draw conclusions related to transactional activity
Prepare a write-up that adequately supports conclusions as to “why” the activity is reasonable for the customer or provide recommendations to escalate potential suspicious activity (as needed)
Adhere to confidential policies, code of ethics, and follow policies and procedures relative to BSA/AML laws and regulations and best practices
Address feedback received from QC functions and incorporate into future work products
Other duties as assigned by management or BSA Officer
Job description
JOB SUMMARY:
The Transaction Monitoring / Alerts Unit is responsible for reviewing alerted activity from the Bank’s monitoring system and determining whether the activity requires escalation to the investigations team.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Adheres to Seacoast Bank’s code of conduct.
• Perform and document sufficient KYC/CDD Information to effectively support alert resolution.
• Conduct a detailed review of alerted transactions to identify if activity is commensurate with customer relationship based on KYC/CDD information available.
• Apply technical knowledge to accurately assess the transactional activity by identifying risks, patterns and trends that could be related to money laundering and terrorist financing.
• Utilize internal systems, databases available, and internet research to gather information needed to support analysis and draw conclusions related to transactional activity.
• Prepare a write-up that adequately supports conclusions as to “why” the activity is reasonable for the customer or provide recommendations to escalate potential suspicious activity (as needed).
• Adhere to confidential policies, code of ethics, and follow policies and procedures relative to BSA/AML laws and regulations and best practices.
• Address feedback received from QC functions and incorporate into future work products.
• Other duties as assigned by management or BSA Officer.
EDUCATION and/or EXPERIENCE:
• 3+ years of related experience, with emphasis on BSA transaction monitoring;
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
• Strong analytical skills required to organize and analyze multiple, complete data sets as well a strong interpersonal and organizational skills;
• Excellent attention to detail and “follow through” skills;
• Strong technical and research skills and excel skills;
• Excellent writing, analytical and communication skills;
• Ability to understand and draw conclusions from research conducted;
• Takes initiatives, is proactive, self-motivator, self-starter, result driven out of the box thinker;
• Must have ongoing sense of urgency and high level of flexibility;
• Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
💡 Quick Summary
Seeking a career-building opportunity? The BSA Monitoring Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Miami offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.