Description
We made history and now we work to transform the future – for our customers, our communities and our families. You'll see your work on the road every day, helping people move freely and pursue their dreams. At Ford, you can build more than vehicles. Come build what matters.
The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world.
Get in on the ground floor of building Ford Credit Bank,a de novo Utah industrial bank. As a BSA/AML Analyst, you will report to the BSA/AML Officer and serve as a critical member of our second line of defense, performing transaction monitoring, customer due diligence, and investigations to protect the bank and ensure regulatory compliance.
The Team
Get in on the “ground floor” of building a de novo Bank and setting the foundation of the Bank’s BSA/AML and Sanctions Team! The Bank’s BSA/AML and Sanctions Team is a crucial component of the second line of defense in the Bank’s risk management framework. We work collaboratively across all business units to foster a culture of compliance and ensure adherence to all applicable laws, rules, regulations, and internal policies. As a BSA/AML Analyst, you will act as an important member of the team, performing transaction monitoring activities, analyzing customer and account information and activity patterns to identify BSA/AML risks, collaborating with leaders and colleagues across the organization to drive continuous improvement in our BSA/AML and sanctions compliance.
In this position...
The Bank's BSA/AML and Sanctions Team, acting as the second line of defense, ensures the safety and soundness of the Bank by complying with the Bank Secrecy Act (“BSA”), applicable sanctions law, and all related regulatory guidance. We are looking to hire a BSA/AML Analyst who will support this mission by performing Customer and Enhanced Due Diligence (“CDD/EDD”) account reviews and daily operational tasks associated with meeting internal standards and regulatory requirements.
Responsibilities
- Conduct customer KYC reviews, including CIP, customer due diligence (“CDD”) and enhanced due diligence (“EDD”), as applicable, as part of the Bank’s AML Program
- Monitor, review, and action BSA/AML and Sanctions compliance alerts, including but not limited to unusual activity, OFAC, Politically Exposed Persons (“PEP”), 314(a) screening, and adverse media alerts, as applicable
- Independently conduct comprehensive investigations on confirmed screening matches and potential suspicious activity related to money laundering, fraud, or terrorist financing
- Write suspicious or not-suspicious memos, and recommend when to file Suspicious Activity Reports (SARs)
- Assist the BSA/AML Officer in complying with all sanctions-related risk and regulatory requirements
- Assist the BSA/AML Officer in reviewing and responding to requests from law enforcement, such as 314(a) related communication and other legal requests
- Assist the BSA/AML Officer in ensuring third party service providers and/or affiliates are meeting AML Program related requirements under the applicable Service Level Agreements (“SLAs”)
- Contribute to projects to improve and optimize the Bank's AML Program
- Collaborate with Business Operations, Risk, Cyber, and other teams within Ford Credit Bank
- Travel up to 5% of the time
Qualifications
- Bachelor’s degree preferred or equivalent banking experience
- Requires 2+ years of experience in BSA/AML or Fraud related work in banking or financial services
- Strong investigative skills, including familiarity with public record research and database tools
- Demonstrated transaction analysis skills that apply across numerous financial products in complex scenarios
- Familiarity with relevant BSA/AML laws and regulations as well as industry best practices
- Written communication skills that show focus to details and accuracy
- Good organizational and time management skills
- Expertise in Microsoft products, such as Excel, Word, PowerPoint
Benefits
- Immediate medical, dental, vision and prescription drug coverage
- Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
- Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
- Vehicle discount program for employees and family members and management leases
- Tuition assistance
- Established and active employee resource groups
- Paid time off for individual and team community service
- A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
- Paid time off and the option to purchase additional vacation time