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SalaryCompetitive Salary + Other Benefits
- LocationUnited States
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IndustryBanking & Financial Services
Job Title: Data Analytics Officer - USA
Industry: Banking
Location: New York, USA
FLSA Status: Exempt
Job Purpose:
The BSA/AML Data Analyst Officer reports to the Head of Compliance and is responsible for assisting in the design, development, and maintenance of BSA/AML models including Customer Risk Rating, OFAC/ List Screening, list management, data management and Transaction Monitoring. Analyst will also assist with the production of various routine and ad hoc reporting. The Compliance Data Analyst will work with various members of the BSA/AML Compliance group to support the bank’s compliance with US federal laws, as well as internal policies and procedures. The Compliance Data Analyst must understand applicable and available data used to facilitate the execution of BSA/AML/OFAC monitoring, risk assessment, and testing of the BSA/AML/OFAC program tools and elements. The incumbent of this position shall be responsible for adhering to the provisions stated in the Employee Accountability Policy Statement.
Responsibilities:
- Accountable for job performance actions, which includes decision(s) impacting position responsibilities conforming to the bank’s risk appetite and tolerance levels as articulated in the bank's Risk Appetite & Tolerance Framework, mitigating violations or breaches to the bank’s risk appetite in the exercise of their empowerment and the achievement of desired job performance outcomes as directed by Management.
- Conduct data review/analysis for key data elements to ensure consistency of data quality as required for transaction monitoring.
- Assist in the data analysis and documentation processes required to support the development, testing, implementation, validation, and maintenance of BSA/AML/OFAC models and scenarios used across the company.
- Design and develop AML reports, analyses, and other presentations encompassing all critical BSA departmental processes for review with the BSA leadership team and Executive Management.
- Assist in the transformation of manual report production to an automated process.
- Design queries to perform data mining, data analytics, and data extractions across business databases using various data mining tools (SQL, MS Access, etc.)
- Perform quantitative and qualitative data integrity analysis to ensure the integrity of data as required for transaction monitoring and sanctions screening.
- Perform quantitative and qualitative analysis of data used to prepare and report various metrics of the company to both internal and external parties using PowerPoint, Visio, and Excel.
- Develop departmental key risk indicators to monitor effectiveness of AML models and provide insightful recommendations to improve performance.
- Write formal and fact-based documentation (i.e., memos, reports) detailing work performed, including procedures, assumptions, and results/findings.
- Participate in ad-hoc projects such as new system implementation, system model validation, etc.
- Assist the HoC to respond to audit and regulatory requests for information and during audits/examinations.
Qualifications
Experience:
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- Minimum 4 years of relevant experience preferably in a bank of a foreign banking organization.
- Experience with data analytics tools (i.e., SQL), and Microsoft Office software (e.g., Excel, Word, PowerPoint, Visio, etc.).
- General:
- Excellent interpersonal, organizational, written/oral communication and problem-solving skills with a strong attention to details.
- Ability to analyze existing tools and databases and provide software solution recommendations.
- Basic knowledge of BSA/AML/OFAC regulatory requirements
- Education & Qualifications:
- BA/BS Degree required, preferably in Data Analytics, Statistics, Computer Science, or similar major.
- PC/Computer Skills:
- Strong working knowledge of Microsoft Office Suite (Word, Excel, Power Point; Project; etc.) and database software programs.
**Specific duties and responsibilities may vary based upon departmental and Bank needs. Other duties may be assigned like the above consistent with the knowledge, skills and abilities required for the position.
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