AML Quality Assurance and Due Diligence Analyst

Quaint Oak Bank is hiring an experienced AML Quality Assurance and Due Diligence Analyst.

Join a growing organization that offers excellent opportunities for career growth, a team atmosphere, and a competitive benefits package!

Location: Remote

Position Summary: Quaint Oak Bank is a growing community bank that, after nearly 100 years of serving the Greater Philadelphia market, is embarking on new and innovative business lines to ensure it remains vibrant and viable well into the next century. These initiatives require the establishment and ongoing management of a Best-In-Class Financial Crime Risk Management (FCRM) Program (BSA/AML/ CFT). To support this, the bank is seeking a highly motivated and detail-oriented Anti-Money Laundering (AML) Quality Assurance and Due Diligence Analyst to join our team. The successful candidate will play a critical role in ensuring that our AML procedures and controls are effective in detecting and preventing financial crimes. This position requires a thorough understanding of AML regulations, excellent analytical skills, and the ability to work independently as well as part of a team. The analyst will assist the AML Program Manager in a range of responsibilities to include customer due diligence oversight, quality assurance, and other program tasks.

Duties & Responsibilities:

• Conduct regular reviews of AML processes to ensure compliance with regulatory requirements and internal policies.
• Identify gaps and weaknesses in existing AML controls and provide recommendations for improvement.
• Perform quality reviews of transaction monitoring, customer due diligence, sanction screening and other key AML Operations areas t
• Maintain accurate records of quality assurance activities and findings.
• Collaborate with other departments to develop and implement corrective action plans related to quality assurance findings.
• Analyze customer information to identify potential risks and ensure compliance with KYC (Know Your Customer) requirements.
• Evaluate customer relationships and transactions for signs of money laundering and other financial crimes.
• Prepare detailed due diligence reports and present findings to senior management.
• Maintain up-to-date knowledge of AML regulations and industry best practices.
• Liaise with external parties, such as financial institutions as needed.

Requirements & Qualifications:

• Bachelor’s degree in law, business administration, or similar discipline preferred
• Three years’ direct experience in BSA/AML compliance, BSA/AML audit, or a combination thereof
• Certified Anti-Money Laundering Specialist (CAMS) designation or equivalent preferred
• Experience in oral and written communications, including preparing reports and making presentations
• Comprehensive understanding of bank deposit operations, lending activities, cash intensive and high-risk business banking, and other related consumer banking and compliance functions
• Excellent communication and interpersonal skills
• Strong attention to detail and ability to work independently.
• Strong understanding of industry trends, laws, and the U.S. regulatory framework
• Experience with transaction monitoring systems and customer due diligence processes.

Quaint Oak Bank and/or its subsidiaries is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, ancestry, citizenship status, age, sex, sexual orientation, gender identity, marital status, national origin, disability or veteran status. Quaint Oak Bank and/or its subsidiaries is committed to providing access, equal opportunity and reasonable accommodation for individuals with disabilities in employment. To request a reasonable accommodation, contact Rachel Schmahl at 610.798.6111 or rschmahl@quaintoak.com.