Consultant – Correspondent Banking BSA/AML Analyst – Orlando, FL

About the team:

Capco’s Risk, Information Security and Compliance (RISC) team partners with community and regional financial institution clients and FinTechs to optimize enterprise risk management and regulatory compliance programs, policies, and processes. Our value-added solutions are flexible and adaptable based on each client’s strategic objctives, products and services offered, and delivery channels. Our services and solutions are core agnostic and easily integrated. We supplement internal processes and skill sets with our diverse subject matter expertise and years of experience in the financial services industry. With a proven track record spanning 20+ years, our team is adept at generating effective and sustainable compliance and risk management strategies and programs to ensure ongoing compliance with applicable laws, regulations, and interagency guidance. Our ongoing monitoring of thousands of regulatory sites and pronouncements enables us to offer our valued clients actionable intelligence that effectively reduces financial, legal, regulatory, and reputational risk.

About the Job:

The Consultant – Correspondent Banking Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Analyst is responsible for participating in BSA/AML monitoring, governance, oversight, and regulatory reporting activities in coordination with compliance and internal control teams for Correspondent Banking. The role of the BSA/AML Operations Analyst is to ensure that the firm and its employees conduct business in accordance with federal and state laws and rules and regulations, including the rules and regulations of the Securities and Exchange Commission, The Federal Reserve Bank, the Commodity Futures Trading Commission, Financial Industry Regulatory Authority (FINRA), and other governmental agencies, self-regulatory organizations and internal policies and industry best practices.

What You’ll Get to Do:

  • Partner with Relationship Management and Compliance teams to assist with the preparation, development, due diligence, and approval of the electronic Know Your Client (KYC) record and supporting appendices
  • Create and maintain KYC records by obtaining information from internal and external sources (e.g., firm website, regulatory websites, etc.)
  • Ensure KYC records incorporate local regulatory requirements/internal business unit standards
  • Conduct initial analysis of new account Enhance Due Diligence packages
  • Maintain subject matter expertise of applicable AML and regulations and support Front Office by providing guidance on KYC compliance requirements
  • Ensure KYC standards / policies are consistently applied in the Front Office
  • Ensure client vetting data and document processing comply with regulations, guidelines, standards, and policies for all new accounts
  • Completion of Final Due Diligence Checklist and negative news searches
  • Execute account maintenance updates and process client lifecycle related reports
  • Conduct comprehensive investigations of potentially suspicious activities such as money laundering, terrorist financing, fraud, sanctions violations, etc. and determine required action
  • Perform transaction monitoring alert reviews and sanctions hit reviews to be able to identify when activity requires further investigation
  • Research, draft, and file Suspicious Activity Report (SAR) to enforcement networks, and document decisions not to file a SAR – exercising independent judgment and discretion while handling sensitive cases

What You’ll Bring with You:

  • 2+ years of AML/KYC experience in Correspondent Banking
  • Business experience in the Consumer and Commercial Banking industry and experience within a medium/large financial organization, including knowledge of banking products and different types of transactions and client-facing procedure
  • Relevant work experience and understanding of global and local AML KYC regulations, associated risks of non-compliance and changing dynamics, and knowledge of KYC processes throughout the client lifecycle
  • Understanding of the interdependencies of roles within KYC process and requirements for KYC Record successful completion across relevant client types
  • Experience with regulatory compliance, AML transaction, and risk monitoring tools
  • Excellent written, communication, and presentation skills
  • Ability to interact and work closely with business stakeholders at all levels of seniority
  • Strong understanding of AML and OFAC regulations
  • Possess strong analytical thinking and critical reasoning skills
  • Ability to work effectively in a team environment
  • Ability to effectively handle a fast-paced environment and successfully meet established deadline requirements
  • Self-motivated with the ability to work independently
  • Bachelor’s Degree or international equivalent required
  • ACAMS certification is a plus

Why Capco? 

A career at Capco is a chance to help reshape the competitive landscape in financial services.  We launch new banks, transform existing ones, and help our clients navigate complex change.  As consultants, we work on the front-end business design all the way through to technology implementation. 

We are the largest Financial Services focused consultancy in the world, serving everyone from global banks to emerging FinTechs, from strategy through digital transformation, design, business consulting, data and analytics, cyber, cloud, technology architecture, and engineering. 

Capco is a young and growing firm. We maintain an entrepreneurial spirit and growth mindset, and have minimal bureaucracy. We have no internal silos that get in the way of your career opportunities or ability to focus on our clients and make a difference to the business.  We offer the opportunity for everyone to learn rapidly, take on tough challenges, and get promoted quickly. We take pride in our creative, collaborative, diverse, and inclusive culture, where everyone can #BYAW.  

We offer highly competitive benefits, including medical, dental and vision insurance, a 401(k) plan, tuition reimbursement, and a work culture focused on innovation and creation of lasting value for our clients and employees.  

Ready to take the Next Step 

If this sounds like you, we would love to hear from you.  This is an opportunity to make a difference and contribute to a highly successful company with a significant growth trajectory. 

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