Financial Crimes Unit Analyst

Bankwell is a commercial bank dedicated to providing high-quality banking services. The Financial Crimes Unit Analyst is responsible for supporting the FCU Department by monitoring and improving compliance with the Bank Secrecy Act, Anti-Money Laundering regulations, and overall compliance program to mitigate money laundering risks. Responsibilities Completion of required annual Bank Secrecy Act training Using Fiserv’s “AML Manager” system to perform monitoring activities Performing transaction monitoring or suspicious activities; assisting with suspicious activity investigations Gathering materials for BSA audits and examinations Reviewing CTRs for accuracy; filing CTRs with Fincen; processing Fincen correspondence Reviewing Monetary Instrument Logs for accuracy and to determining if cash purchases are to be reported on a CTR Effectively coordinating with branches and departments when additional information or documents are needed to perform job duties and responsibilities Assisting with CDD/EDD on new accounts Assisting with CTR exemptions; maintaining exemption files Assisting in maintaining and updating the BSA, USA Patriot Act, CIP, AML, and OFAC Procedures Manual, as assigned Maintaining BSA Department records as required by BSA and OFAC regulations Assisting with gathering materials for BSA audits and examinations Maintaining current knowledge of all rules, regulations, and laws while following all applicable procedures in the current BSA and OFAC Procedures Manual that apply to the BSA Analyst’s role Skills Working knowledge of Windows-based computer systems and Microsoft Office with an emphasis on creating and editing Excel spreadsheets and PowerPoint presentations Excellent verbal and written skills; ability to communicate effectively Must be proactive, self-motivated and a self-starter Possess the ability to manage multiple and changing priorities, while meeting regulatory and internal deadlines Must be a team player and have the ability to communicate with people at all levels of the bank Strong sense of integrity and personal ethics Knowledge of Bank Secrecy Act and Anti Money Laundering regulations including OFAC regulations and USA PATRIOT Act; this position requires experience actually performing transaction monitoring and customer due diligence tasks Minimum 1-3 years of AML Banking or Financial experience preferred Previous experience with banking/retail transactions desired Core system and AML software. Experience with Fiserv Systems and AML Manager or Fraud Manager is desirable Previous CDD/EDD experience is a plus BSA/OFAC, Compliance, Branch, or Operations experience is preferred Bachelor's degree in Accounting, Business Administration, or Finance preferred ACAMS Certification is preferred (not required) Company Overview Bankwell is a commercial bank with over $3 billion in assets, offering personalized and technologically-advanced banking solutions to privately owned businesses, their owners and executives, as well as high-net-worth individuals, and the communities we serve. It was founded in 2007, and is headquartered in New Canaan, Connecticut, USA, with a workforce of 51-200 employees. Its website is