• BSA AML Analyst

    Job Locations US-CA-San Diego
    Job ID
    Job Type
    Regular Full-Time
    Governance, Risk and Compliance
  • Description:

    BofI Federal Bank [NASDAQ: BOFI] with over $9 billion in assets is one of the fastest growing banks in the nation. We are rated in the top 5 online banks in the country!  

    • Review documentation for all new commercial accounts and risk rate accounts using the AML system risk rating module
    • Monitor and validate risk ratings for all new personal accounts using the AML system risk rating module
    • New customers identified as high risk, conduct enhanced due diligence and monitoring efforts
    • Identify high risk accounts from information received from other sources (Branch, Loan and Operations staff, legal service of process, Suspicious Activity Referral Forms, and media reports) and establish enhanced due diligence and monitoring efforts
    • Perform independent analysis for cases involving suspicious activity including, but not limited to, structuring, check fraud, and kiting for presentation to the BSA Officer
    • Per schedule, perform analysis of core application and AML system reports that identify potential suspicious activity including case management
    • Manage cases of potentially suspicious activity from the AML monitoring system, including analysis of transaction activity and balances for review by the BSA Officer
    • Ongoing monitoring, as required, of all high risk and medium risk accounts in accordance with the established monitoring schedule
    • Conduct a monthly review of all new accounts, using system reports/AML Tool, to ensure that all new accounts have been appropriately risk rated
    • Document suspicious activity reviews for presentment to the BSA Officer or Deputy BSA Officer as needed
    • Perform review of the Bank's CIF and other lists for compliance with FinCEN 314a requests or OFAC filtering results
    • Provide recommendations for periodic BSA training to address areas of weakness noted in branch/lending procedures in support of annual BSA program training
    • Stay current with changes in BSA regulations and develop related procedures or revisions to the BSA Program with the BSA Officer
    • Promptly notify the BSA Officer or Deputy BSA Officer of any technical defects of the Bank's AML solution


    Key Skill Sets or Knowledge Requirements:

    • ​Knowledge of BSA/AML and KYC/EDD requirements for financial institutions
    • Microsoft Office Suite
    • Ability to use Excel in analysis of monitoring activities (include sorting, use of pivot tables, and other tools to document patterns of unusual suspicious activity)
    • Detailed knowledge of and experience in BSA, AML, CIP, OFAC, and USA PATRIOT Act regulations as they relate to a retail and commercial banking environment

    Desired Career Experience & Education Requirements:

    • 2+ years experience in BSA/AML compliance management at a financial institution or consultancy
    • Bachelor’s Degree, preferably in business or related area, or equivalent business experience


    • CAMS/ACAMS or CFE training and certification 
    • Prior experience with BAM Plus, Money Service Business, and/or Third Party Payment Processors


    Job Functions and Work Environment:


    While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.


    The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.



    Equal Employment Opportunity:


    BofI Federal Bank is an equal opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state and local laws.


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