AML/CFT/OFAC Analyst

Summary

The AML/CFT Analyst is charged with the responsibility of assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports as required under the BSA, AML, OFAC regulations and the Bank’s BSA/AML Compliance Program and Procedures.

Location: This position is eligible for a hybrid work schedule, subject to the needs of the business, your role responsibilities, and management approval and whereby the on-site location will primarily be in our Metairie, LA office.  A “hybrid” work arrangement means that you may perform your job duties both on-site at a Gulf Coast Bank & Trust location and remotely, according to a schedule established and approved by your manager. Any hybrid schedule may be changed, suspended, or discontinued at the Company’s discretion based on business needs, performance, or other operational considerations. 

Benefits: What we offer

• Competitive salary
• Comprehensive benefits package that includes the following (based on eligibility and requirements): Employee Stock Ownership Program, Retirement Savings Plan, Medical, Dental, & Vision programs, Health Savings Account
• Career Growth opportunities
• Tuition reimbursement

Responsibilities

• Responsible for identifying potentially unusual activity and customer account behavior identified by transaction analysis, ongoing monitoring, and negative media searches, and through the disposition of alerts generated by the Bank’s transaction monitoring system.
• Provide recommendations for the filing of suspicious activity reports (SARs) as needed and ensure complete documentation is secured and maintained as required by law.
• Assist with high-risk customers as needed.
• Work with front line staff to obtain information that would be helpful during the alert assessment and analysis.
• Assist coworkers/frontline staff with customer identification, customer due diligence, beneficial ownership, and OFAC requirements.
• Review PEP and Sanction alerts for potential matches and conduct research as required.
• Stay current with money laundering and terrorist financing behaviors, trends, patterns and typologies. 
• Stay current with rules, laws and regulations (BSA / AML / OFAC).
• Recommend account closures as warranted under the account closing procedures set forth in the Bank’s BSA/AML Compliance Program and Procedures as directed by the BSA/AML Officer.
• Provide other assistance as requested by the BSA/AML Officer in the daily responsibilities of managing the Bank's BSA/AML Compliance Program.
• Perform additional responsibilities as assigned, based on management’s discretion and evolving business needs.

Skills/Experience/Education

• High School diploma required; bachelor’s degree, preferred.
• Previous banking experience, with one year of BSA/AML Compliance.
• Strong analytical & critical-thinking skills. Ability to effectively communicate, both verbally and written.
• Efficient and effective time management skills. 
• Ability to work independently and collaboratively in a fast-paced environment. 
• Strong computer skills required.
• Attention to detail.
• Ability to meet deadlines.

Essential Mental & Physical Requirements

• Ability to travel if required to perform the essential job functions. 
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

This job description is intended to describe the general nature and level of work performed. It is not an exhaustive list of all responsibilities, duties, and skills required and may be revised as business needs evolve.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.