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Bradesco Bank · 2 months ago

Sr. Correspondent Banking Analyst

Coral Gables, FL

Full-time

Onsite

Senior Level

5+ years exp

Bradesco Bank is a financial institution seeking a Senior Correspondent Banking Analyst to support its Correspondent Banking Coordinator and Department Manager in managing the FCB AML/CFT Compliance Monitoring Program. The role involves conducting risk assessments, approving Anti-Money Laundering programs, and ensuring compliance with various banking regulations.

BankingFinanceFinancial Services

No H1B

Responsibilities

Assists Correspondent Banking Coordinator/Executive and Department Manager to direct the FCB AML/CFT Compliance Monitoring Program, ensuring that there are sufficient internal controls to promote an effective risk management environment and prioritizing focus towards areas identified as having the highest levels of risk to the Bank

In coordination with Correspondent Banking Coordinator reviews, assesses, and approves the adequacy of Anti-Money Laundering programs of Foreign Correspondent Bank (FCBs) clients as Transactional, Credit Only, and/or IBDDA (Deposit Gathering) relationships. Responsible for in-depth annual risk assessments of Higher Risk transactional relationships and/or foreign non-bank financial institutions (NBFIs) requiring analysis of AML Manuals, Internal and External Audits, Self AML Evaluations, and other documentation as required

In coordination with Correspondent Banking Coordinator, responsible for assigning a risk rating for the FCB’s AML Program of the Bradesco Bank’s relationship client. Responsible for recommending identifying AML Program’s areas of Needs Improvement of foreign correspondents’ Compliance Programs and recommending or following up on completion of adequate remediations as needed

Responsible for assisting in the management of the annual Enhanced Due Diligence documentation review of all High-risk C&I (corporate & Institutional) and Broker Dealer clients as assigned by International Correspondent Coordinator

Follow up on pending documentation related to the above to ensure files are complete with supporting documentation to substantiate the Assessment outcome

Responsible for identifying outliers in key risk indicators when comparing standard international best practices regarding correspondents’ AML programs and subsequently previous years’ markers against present, such as updated AML Manuals, client risk rating, account monitoring procedures, sanctions, audits, etc

Assists in the oversight of all functional areas with respect to various correspondent banking products such as Remote Deposit Capture (RDC), trade finance, currency transaction reporting, and suspicious activity investigations

Supports the AML/CFT Department in addressing and investigating monitoring alert exceptions (currently Assist) for the FCBs, as required

Special projects as delegated by the Correspondent Banking Coordinator or Department Manager as required

Helps to maintain or create metrics and logs for KPI (Key Performance Indicators) & KRIs (Key Risk Indicators) within the unit

May Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer’s account activity

Recommends process improvements regarding 'Best Practices' or efficiency gains

Serves as back up for the Correspondent Banking Coordinator

Follows up and ensures pending matters related to AML internal and external audits are resolved in a timely manner

In coordination with Correspondent Banking Coordinator may conduct On-site visits and Remote Site Visits of High-risk foreign financial institutions, as required

Other duties as assigned

Qualification

AML/CFT ComplianceCorrespondent BankingRisk AssessmentMicrosoft ExcelCAMS CertificationFluent in SpanishAnalytical SkillsFluent in PortugueseCommunication Skills

Required

Must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future

Bachelor's Degree required in relevant field preferred; education may be substituted with extensive banking compliance experience and knowledge

5+ years related experience and/or training in international Correspondent Banking Underwriting to include extensive AML/CFT/OFAC Compliance knowledge

Proficient in Microsoft Office suite, specifically Excel, Word, and Outlook

Speak, read, and write English & Spanish (Fluent)