Apply on Employer Site

First Internet Bank · 2 days ago

AML/CFT Quality Control Analyst

Fishers, IN

Full-time

Onsite

Mid Level

First Internet Bank is a pioneering online bank dedicated to innovation in the financial services industry. The Quality Control Analyst will be responsible for overseeing compliance with Customer Identification Program and Customer Due Diligence regulations, ensuring quality control tests are conducted, and supporting the mitigation of compliance risks.

BankingFinancial ServicesInternet

Growth Opportunities

Responsibilities

Identify accounts that fail to comply with CIP, CDD and Beneficial Ownership regulations, and determine the acceptability of all identification documents received from account holders

Ensure all identification documents updated the respective account records to indicate a CIP status of verified or unverified and report accounts whose documents have been rejected (as expired, illegible, invalid) to management

Ensure that First Internet Bank and its FinTech Partners maintain AML/CFT and OFAC standards and procedures, and recommend changes and/or alternatives for process improvements

Reviews alerts and cases completed/closed by the AML/CFT, OFAC, and Fraud Analysts to ensure that the appropriate decisions/recommendations have been made according to First Internet Bank and its FinTech Partners standards, the appropriate supporting documentation for decision is made by an AML/CFT, OFAC, and Fraud Analyst is appropriately supported and documented

Evaluates completed AML/CFT, OFAC, and Fraud work and evaluate KYC/KYCC profiles to ensure that they meet regulatory requirements as well as adhere to First Internet Bank and its FinTech Partners policies and procedures

Communicates any errors/discrepancies found to the appropriate management to ensure that corrective action is taken, additional training provided

Generates related reports, including findings and trends to management

Assist with identifying automation, gap analysis, and process improvements to ensure compliance with all regulations

Maintains knowledge of developments in the area of Fraud, OFAC and anti-money laundering, including FinCEN and OCC requirements relating to AML/CFT and the USA PATRIOT Act

Maintains QC standards and procedures, including risk-based standards for compliance testing, and recordkeeping for quality control findings accurately and in a timely manner

Perform other duties as assigned

Qualification

AML/CFT complianceCIP/KYC regulationsFraud complianceBSA/AML/OFAC systemsQuality control experiencePC skillsAttention to detailCommunication skillsTeam collaboration

Required

A Bachelor's Degree or equivalent experience in Customer onboarding CIP/KYC, AML/CFT/OFAC and Fraud compliance in the financial services industry required

Previous investigative experience with OFAC, AML, and/or BSA required; prior audit and/or quality control experience in the banking industry will also be considered

Must be able to demonstrate knowledge of CIP/KYC, CDD, OFAC, USA Patriot Act, Bank Secrecy Act (BSA), and Anti-Money Laundering (AML) regulatory requirements

Strong attention to detail

Strong PC skills required, along with the ability to quickly learn new systems

Ability to clearly communicate identified issues or opportunities for improvement, including proposed solutions

Ability to interact with parties at all levels of an organization

Ability to work independently and in collaboration with others

Ability to provide timely and excellent service to both internal and external customers