AML Investigation Analyst - Coastal Community Bank - Everett, WA

Description: ABOUT US Here at Coastal Community Bank we take pride in our roots which is why Community is more than just our middle name it’s how we do business. We have a strong entrepreneurial strategic mind set and we aren’t like other banks, in fact we’re quite different and our core values speak for themselves: Stay Flexible, Take Care of Each Other, Embrace Gray Thinking, Be Relentless, Be the Best, and Be Un-Bankey. The AML investigation team will focus on triaging AML alerts, conducting AML investigation cases and filing SARs. Additionally, they will manage the 314b process (incoming/outgoing), law enforcement contacts (incoming/outgoing) and the tracking and processing of CCB/CCBX referrals/complaints. ESSENTIAL DUTIES AND RESPONSIBILITIES: Provide internal service in accordance with Coastal Core Values Actively develop knowledge of criminal methods and AML typologies, applying these characteristics through proactive analysis of transaction data to identify unusual activity Adhere to defined SLA timelines Follow and comply with all regulatory and compliance regulations Stay abreast on industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies to your analysis Responsible for participating in continuing education to maintain and/or enhance job performance Cross training/ knowledge share with all BSA teammates Assist with special projects within the department as the need arises Analyze leads for suspicious activity, including those generated from detection software and other sources Ensure the timely processing of all software generated AML alerts and referrals. Ensure low priority cases and/or cases identified as less complex by senior analyst are processed in accordance with Bank Secrecy Act and USA PATRIOT Act, and regulatory guidance issued by the FIDC and FinCEN and CCB Policies and Procedures. Independently review and make decisions within AML Case Management system Draft in depth narrative summaries of suspicious activity; prepare and submit Suspicious Activity Reports (SARs) Compliance with all regulatory requirements Other duties as assigned . Requirements: QUALIFICATIONS Thorough knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations Ability to explain BSA concepts with confidence: AML, CIP, KYC, CDD, EDD, OFAC, SAR Ability to develop, create and improve systems, structures, and processes Ability to observe strict confidentiality requirements Strong analytical skills and ability to resolve complex problems with minimum guidance Strong attention to detail and accuracy Effective time management, planning and organizational skills Ability to manage multiple tasks/projects and deadlines simultaneously Is a self-starter that requires little to no prompting from supervisors Strong verbal and written communication skills Strong research skills from all available sources EDUCATION AND/OR EXPERIENCE Bachelor's degree or equivalent experience 1-3 years of previous banking experience with a significant emphasis in the area of anti-money laundering compliance, consumer compliance, audit or bank operations. CAM, CFE, or equivalent or willingness to obtain certification. Ability to develop and/or enhance AML operating processes to achieve high levels of effectiveness PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee must: have the ability to sit for extended periods of time have the ability to stand for extended periods of time have the ability to perform repetitive finger, hand and arm movement have ability to use electronic office equipment such as, computer keyboard and mouse, ten key, telephone, etc occasionally stoop, kneel, crouch, or crawl. occasionally lift and/or move up to 10 pounds have the ability to view and read computer screen for extended periods of time

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