Senior AML Business Analyst

6 month+ contract, full time.

San Francisco, CA

Introduction

The BSA/AML (Bank Secrecy Act/Anti-Money Laundering) business analyst is responsible for leading business requirements definition to successful completion, including the discovery, analysis and documentation of business requirements, process flows, use cases, test and training plans within the banks BSA/AML department.  The analyst will also be responsible for investigating data quality related issues, and providing resolution.

responsibilities

  • Applying business analysis best and industry practices, obtain, define, analyze, prioritize, and document business and system requirements working with cross functional teams, and communicate requirements to solution providers.    
  • Support and participate in data quality improvement and analysis activities and initiatives and governance processes.
  • Facilitate testing and ensuring requirements are satisfied.
  • Prepare data mapping documents.
  • Define and prioritize requirements to: Improve BSA/AML monitoring workflow, systems, and data interfaces; create data and metrics reporting; define AML monitoring and data transformation scenarios; understand and documentation business and workflow scenarios, and implement efficiencies and improvements for BSA/AML operations and other department functions.
  • Obtain sign-off from key stakeholders on requirements, and manage on-going changes to them.
  • Develop or assist with developing test plans and test scenarios, interface between development and QA teams, and manage user acceptance testing.
  • Advise solution provider, development, testing and production support teams as needed, providing requirements knowledge and subject matter expertise to the teams performing these functions.
  • Identify, track, document, and manage issues, constraints, assumptions, and constraints.
  • Continuously improve subject matter expertise in the business areas being supported, sufficient to become a Trusted Adviser to the Business stakeholders.
  • Perform duties & responsibilities specific to department functions & activities.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank

DISCLAIMER

Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

 

requirements

-Strong and extensive experience in:

  • Business and system gathering, analysis, and documenting requirements 

  • Process and data flow creation, basic data modeling, and business process improvement and innovation
  • System and product development lifecycle, and developing standard documentation
  • Data analysis, data quality evaluation and defining requirements for data sourcing, and validation 

-Bachelor’s degree or higher, with minimum 5-7 years of business requirements and/or project management experience.

-Excellent skills to understand business requirements and business process management, and then translate them to particular reporting, system, or workflow requirements

-Self-starter and quick learner with ability to work independently, with minimum direction, and with multiple priorities 

-Strong Microsoft Office skills and proficient in Excel 

-Knowledgeable in relational databases, and ability to create SQL queries

-Strong communication (presentation and verbal) and project management discipline

-Ability to communicate and present results in a concise and summarized fashion

-Team player

-Provides extraordinary service

-Furthers the First Republic Bank culture and values

Desired:

-Banking, financial services, and BSA/AML experience

Mental/Physical Requirements:

-The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
-Vision must be sufficient to read data reports, manuals and computer screens.
-Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
-Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
-Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
-Must be able to travel as position requires.