Job ID RISK-14761City Los AngelesState CaliforniaAdditional Location: Exempt/Non Exempt
BSA RISK ANALYST
WHAT IS THE OPPORTUNITY?
Under the direction of the BSA Risk Manager, responsible for the periodic BSA internal controls testing function of the of the Bank's BSA risk assessment program. Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank's BSA Program while utilizing sound and current compliance industry standards and practices. May assist in the development of new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Plays a key role as a liaison with colleagues throughout the organization related to BSA, AML, OFAC and the USA PATRIOT Act. Responsible for building and maintaining relationships with internal and external customers while providing exemplary customer service.
Risk Management Division This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
Carries out compliance monitoring, internal controls risk assessments, and internal controls testing program ensuring that there are adequate processes, procedures and internal controls to promote an effective BSA control environment, under the guidance of the BSA Risk Manager. Prioritizes focus toward areas identified as having the highest levels of risk to the company.
Works directly with business units and support management as a consultant in the development of business unit’s risk self-assessment programs.
Performs scheduled and periodic testing of overall business processes and controls related to the implementation and management of the bank’s products and services, including geographic considerations to identify compliance gaps and potential risk exposure.
Analyzes and evaluates compliance risks and recommends changes to policies, procedures, and processes to reasonably ensure risk-based and appropriate controls are instigated and maintained.
Assists in the development of new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Also, partners with business units for the development of departmental policy and procedures.
Partners with business units to remediate BSA, AML, OFAC and the USA PATRIOT Act compliance findings identified in risk assessments, internal audits and/or regulatory examinations.
Performs daily activities of assigned functional area; prioritizing; completing multiple activities; resolves problems as they arise.
Ensures activities are in compliance with legal/regulatory requirements and CNB policy and procedure.
Communicates and escalates (as assigned) identified BSA, AML, OFAC and USA PATRIOT Act operational concerns to the appropriate level of management.
Maintains an up-to-date Master Compliance Audit Follow-up Log for outstanding BSA-related Audit and OCC Examination issues, and the BSA Risk Assessments Open Issues Log.
Integrates activities with other departments to accomplish common goals.
Maintains up-to-date knowledge of Bank policies, procedures and industry best practices.
Participates in and completes bank-wide projects.
Serves as resource (as needed) to internal and external customers; ensures quality customer service and effective and efficient operational support.
Applies both technical and general business knowledge to resolve the most complex issues in assigned function.
Performs other duties as assigned or requested.
WHAT DO YOU NEED TO SUCCEED
Bachelor's Degree degree in Business Administration, Criminal Justice or related area and at least three years of BSA experience in a financial institution.
Minimum 3 years of experience with BSA regulations concerning KYC, EDD, Financial crime investigations and regulatory reporting.
Minimum 3 years experience in a BSA specific role at a financial institution
Current Certified Anti-Money Laundering Specialist (CAMS) Certification
Skills and Knowledge
Working knowledge of banking operations, government regulations, accounting principles and account reconcilement.
Experience using Microsoft Word, Excel and Access required.
Knowledge and understanding of federal regulations pertaining to the Bank Secrecy Act required.
BSA Testing or audit experience preferred. Excellent problem solving and analytical skills required.
Excellent verbal/written and written communication skills required to interact with all levels of Bank personnel and outside contacts.
Experience with AML Monitoring Systems such as Actimize is preferred.
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.