BSA/AML Analyst II - UMB Financial Corporation - Kansas City, MO

Job detailsJob TypeFull-timeFull Job DescriptionBe part of something more. A majority of our time is spent “at work.” We believe that time most meaningful when it’s spent around people who care about you and who challenge you. We hire people who know how to make good decisions, because we won’t be constantly looking over your shoulder—you’ll be empowered to do what’s right for our customers. Most importantly, we’re a partner. We partner with our associates to help them thrive personally and professionally. We partner with our communities and the organizations that support them. And, we partner with our customers to create an experience they won’t find elsewhere. Are you ready to be part of something more?
You’re more than a means to an end—a way to help us meet the bottom line. UMB isn’t comprised of workers, but of people who care about their work, one another and their community. Expect more than the status quo. At UMB, you can expect more heart . You’ll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust . We want you to do the right thing, no matter what. And, expect more opportunity . UMBers are known for having multiple careers here and having their voices heard.
The Anti-Money Laundering Group p rotect s the bank from being exploited for laundering money or financing terrorism by designing and overseeing a system of controls to detect and report this activity. This team o versee s the bank's compliance with requirements set forth in the Bank Secrecy Act (BSA) and the USA Patriot Act (USAPA) as well as sanctions set by the Office of Foreign Asset Control (OFAC).
As the BSA/ AML Analyst II, you will be responsible for performing analyses of customer, financial, and non financial data in accordance with BSA/AML Division standards. The position is also responsible for accurate, complete, and timely documentation of each analysis. Duties and responsibilities may vary by functional area.
How you’ll spend your time: Investigations work: Responsible for identifying and investigating customer transactions that represent an increased risk for money laundering or terrorist financing, primarily utilizing an automated surveillance system. Requires preparation of clear and concise dispositions on daily alerts and on reports that detail any suspicious activity detected and/or rationale for why activity is not suspicious. EDD work: Responsible for performing customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer. Requires preparation of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship. AML work: Position may be responsible for assessing the effectiveness of existing controls performed by various business units supporting the enterprise BSA/AML program. Requires testing to evaluate the quality of performance and documenting any gaps or performance deficiencies. Position supports the BSA/AML risk assessment process by confirming the effectiveness of the control environment across UMB's operations and/or by ensuring the quality of customer data within core systems. AML Operations work: Position may be responsible for accurately completing/reviewing currency transaction reports and submitting them in a timely manner. Position ensures appropriate records are maintained for cash purchases of monetary instruments as required by regulation. Also responsible for first level disposition of OFAC and 314a suspects from batch reporting, as well as dispositions on business unit escalations for OFAC suspects. We’re excited to talk with you if you have : Two years of AML experience, or Five years industry relevant experience with UMB, or Bachelors degree and one year of industry relevant experience with UMB.(Industry relevant experience is defined as financial institution positions of a frontline, customer contact, operational, compliance and/or fraud investigation nature) Strong analytical skills and attention to details Basic understanding of BSA/AML laws and regulations Strong written and verbal communication skills Ability to work in an environment of extreme confidentiality with sensitive information Demonstrate a discipline of continuous learning Demonstrates proficiency in Microsoft Excel and Word Basic understanding of report writing Bonus points if you know: UMB core system navigation AML surveillance system navigation Fintech, Institutional Banking and Custody

Being a UMBer is unlike working at any other company. You are not only valued for the work that you do, but who you are. You ’l l be encouraged to bring your whole self to work, being valued for exactly who you are. You ’l l also have the opportunity to serve your community alongside your team. At UMB, w e do big business, but we don’t forget that the little things matter the most. UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com or call 816-860-7972 to let us know the nature of your request.

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