• AML Business Analyst

    ID
    2019-7444
    Job Locations
    US-CA-San Francisco
    Category
    Compliance
  •  

    At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.

     

    Incredible teams doing exceptional work, every day

    The Financial Crimes Risk Management group consists of anti-money laundering, economic sanctions, foreign corruption, fraud, and corporate security. Our program is designed to ensure protection of our clients, the U. S. financial system, and our country from illicit actors who exploit banking services with nefarious and criminal intent. Our fraud group protects our clients and Bank from losses while the Bank’s physical security team protects our clients, visitors, employees and Bank’s monetary and physical assets.

     

     

    Common goals, uncommon potential

    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 FRB’s BSA/AML department.  The Business Analyst will also be responsible for analyzing transaction and customer data, investigating data quality related issues, and providing resolutions. The Business Analyst will work with a cross functional team consisting of technology and business partners to successfully implement projects and releases.  

     

    What you’ll be doing as an AML Business Analyst

    • 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. 
    • Perform data analysis on customer and transaction data
    • Work with business users to understand current business processes and pain points.
    • Support and participate in data quality improvement, analysis activities and initiatives, and governance processes
    • Facilitate testing; including but not limited to drafting test plans and test cases.
    • Prepare data mapping documents and Traceability Matrix.
    • 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. 

     

    You could be a great fit if you have:

    • Minimum 5 years business and system gathering, analysis, and documenting requirements at a financial institution
    • 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, defining requirements for data sourcing, and validation
    • Working on a project with multiple data interfaces and data mapping
    • Bachelor’s degree or higher, with minimum 5-7 years of business analysis and experience
    • Experience at a financial institution analyzing customer and transaction data
    • Excellent skills to understand business requirements and business process management, and then translate them to particular reporting, system, or workflow requirements
    • 5-7 years of experience leading and conducting UAT
    • Experience facilitating requirement gathering or JAD sessions, and writing requirements
    • Self-starter and quick learner with ability to work independently, with minimum direction, and with multiple priorities
    • Ability to multi-task and work on competing priorities
    • Strong Microsoft Office skills and proficient in Excel 
    • Knowledgeable in relational databases, and ability to write and execute 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

    Job Demands:

    • Must be able to review and analyze data reports and manuals; must be computer proficient.
    • Must be able to communicate effectively via telephone and in person.

    Own your work and your career — apply now

    Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

     

    We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

     

     


    Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records, to the extent consistent with applicable federal and/or state law.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed