FCRM Quality Assurance Analyst I (Hybrid)

Work Arrangement:

***After the initial training period, this is a hybrid role, working onsite in our Wilmington, DE office.***

Performs quality assurance (QA) reviews of Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) processes at varied frequencies ranging from monthly to quarterly. The analyst will also perform quality control tasks to ensure suspicious transactions are appropriately identified and documented and Suspicious Activity Reports (SARs) are correctly filed in accordance with regulatory requirements and agency guidelines.

Essential Functions

Reviews alerts or work performed by other analysts related to surveillance and monitoring, investigative reviews, subpoena process, due diligence, and sanctions wire reviews. Escalates alerts, cases, and SARs that do not meet corporate BSA standards and follow through to resolution.
1. Assists the QA team Lead with administration of quality assurance requirements and procedures to ensure that standards are maintained and specifically that processes and work adhere to risk-based standards for compliance testing.
2. Assesses inherent risks and mitigating controls in the execution of established procedures set for the AML/Sanctions Risk Management program.
3. Recommends process modifications through actionable reporting of observations and findings.
4. Documents results and maintenance of QA reports, findings, observations, and correspondence.
5. Coordinates with the department leadership on quality assurance findings and recommendations to improve accuracy, completeness, and timeliness of documents and processes.
6. Develops new reviews as needed to support business processes.
7. Provides ad hoc technical and administrative support for the department.
8. Develops close working relationships with others in the department to address and resolve issues and concerns.
9. Performs other duties as assigned.

Education/Experience Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• 3 years of investigative experience with specific emphasis on BSA/AML and/or fraud prevention, including 3 years of writing and filing SARs and 1 year of BSA/AML Quality Assurance.

Preferred Qualifications

• Strong working knowledge of anti-money laundering (AML), Bank Secrecy Act (BSA) and OFAC regulations.
• Ability to work independently and take initiative on a range of AML/Sanctions risk related activities.
• Excellent verbal, written, and interpersonal communication skills.
• Excellent investigative, analytical, and problem resolution skills.
• Excellent time management skills.
• Familiarity using AML Compliance monitoring systems.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

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The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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