Analyst AML
Cathay Bank
Job Overview
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Job Description
Analyst AML
At Cathay Bank, we foster a caring culture that supports your aspirations and success. We believe our people are our most valuable asset, empowering you to achieve your professional goals. We have thrived for 60 years due to our team members’ drive and optimism. Together, we can make a difference in the financial future of our communities.
General Summary
The Analyst AML assists in all aspects of monitoring activities related to the USA/FFIEC’s Bank Secrecy Act Anti-Money Laundering Examination Manual’s guidance.
Essential Functions
- Maintains current knowledge of U.S. anti-money laundering rules and regulations.
- Adheres to department's internal policies and procedures.
- Reviews client account transactional activities.
- Requests additional information from appropriate branch or department members, when necessary, to assist in the evaluation process.
- Prepares Case Investigative Write-ups.
- Performs other duties as assigned.
- Regular overtime is required, including occasional weekend days.
Qualifications
Education: Bachelor’s degree in accounting, Business Administration, or a related field, or equivalent experience is preferred.
Experience:
- One year plus of banking experience is preferred.
- One year plus of BSA/AML/OFAC related experience is preferred.
Skills/Ability:
- Proficient in MS Word and Excel.
- Proficient written and oral communication skills; ability to communicate effectively.
- Proficient analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions.
- Possess good organizational skills and attention to detail.
Other Considerations
- Cooperates and works effectively with others; recognizes, supports, and respects others.
- Results of Bank’s BSA/AML examinations will be considered in evaluating the individual’s performance.
Key skills/competency
- BSA/AML Compliance
- Financial Crime Investigation
- Transaction Monitoring
- Risk Management
- Regulatory Reporting
- Due Diligence
- Data Analysis
- Microsoft Excel
- Financial Services
- OFAC Sanctions
How to Get Hired at Cathay Bank
- Research Cathay Bank's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Customize your resume and cover letter to highlight BSA/AML compliance, analytical skills, and banking experience relevant to the Analyst AML role at Cathay Bank.
- Master compliance knowledge: Demonstrate strong understanding of USA/FFIEC's Bank Secrecy Act and Anti-Money Laundering regulations.
- Showcase analytical prowess: Prepare to discuss experiences defining problems, collecting data, establishing facts, and drawing conclusions in financial contexts.
- Prepare for behavioral questions: Practice articulating how you cooperate effectively, support colleagues, and respect diverse perspectives within a financial institution.
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