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Finance and Accounting

Compliance Testing Analyst II – Financial Crimes Full Time

Summary:

  • Coastal Community Bank is a leader in Banking with strong Financial infrastructure leading Banking as a Service (BaaS) and Fintech strategies.
  • The people at Coastal not only help people with their personal banking; they help businesses with banking technology integration that leads to business growth, flexible financing, and unimagined potential.
  • We think and work like entrepreneurs, always moving and constantly improving.
  • We are go-getters, work hard, and play hard.
  • If you’re someone who thrives on innovation, wants to help others succeed, knows how to think outside the box, and believes that we’re all in this together — you belong here.

Responsibilities:

  • Lead, coordinate and conduct Quality Assurance reviews to assess the design and effectiveness of compliance controls implemented within various FCC teams.
  • Document, report, and escalate observations, issues, and any violations of laws or breaches in policy, and make recommendations for policy, procedure, and process improvements.
  • Lead, coordinate and conduct compliance testing reviews on BSA/AML/OFAC related processes completed outside of FCC.
  • Include the assessment of design and effectiveness of compliance controls and document, report and escalate observations, issues, and any violations of laws or breaches in policy.
  • Validate adequacy of remediation taken to address reported issues.
  • Assist with monitoring and managing the QA review and testing process to the testing schedule to ensure timely completion and reporting of review and testing results.
  • Assist with creating QA review and compliance test plans.
  • Help resolve Financial Crimes or bank related risk, escalating as needed to leadership.
  • Support the team as needed with program development, suggesting improvements when necessary, and following outlined procedures.
  • Provide testing status and results reports to FCC Leadership.
  • Expand knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, OFAC.
  • Take on special projects within the department as the need arises.
  • Perform assigned duties within the expected delivery dates.
  • Follow and comply with all regulatory and compliance regulations.
  • Observe strict confidentiality requirements.

Requirements:

  • Ability to create areas of development, creation, and improvement of systems, structures, and processes.
  • Ability to effectively collaborate with Bank Operations and Business Units and affect change.
  • Expert level knowledge of and ability to train on electronic transactions – ACH, debit and credit network.
  • Expert in investigations and research of customer and transactions using core system, AML software, social media, or internet.
  • Expert analytical skills and ability to resolve complex problems with minimum guidance.
  • Expert problem-solving skills with the ability to be creative and flexible while still meeting requirements.
  • Effective time management, planning, and organizational skills, with proven accuracy.
  • Expert management and prioritization of multiple tasks/projects and deadlines simultaneously.
  • Strong verbal and written communication skills with the ability to effectively communicate at all levels of the organization.
  • Expert collaborative skills with the ability to seek out new sources of relevant information.
  • Bachelor’s degree and/or 6-10 years’ experience in Financial Crimes Compliance with an emphasis in Quality Assurance or Compliance Testing.
  • CAMS certification preferred.
  • Expertise in AML concepts with confidence: AML, BSA, CIP, KYC, CDD, EDD, OFAC, SAR.
  • Thorough knowledge of Bank Secrecy Act, USA Patriot Act, OFAC, and related regulations.
  • Knowledge of Bank Operations and Business Units preferred.

Benefits:

  • Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.
  • Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence.
  • Advocate for our customers and team members and strive to promote the Coastal Difference.
  • Be Un-Bankey – Be a forward thinker with a creative mindset.
  • Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.
  • Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving.
  • Think outside the box.
  • Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly.
  • Seek efficiencies for Coastal to work smarter, not harder.
  • Take Care of Each Other – Understand what it means to be a true team player and have your teammate’s back.
  • Practice self-awareness and build your emotional intelligence.

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