Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) Analyst I (Hybrid)

Anti-Money Laundering (AML) Group Analyst I

The Anti-Money Laundering (AML) Group protects UMB from being exploited for laundering money or financing terrorism by designing and overseeing a system of controls to detect and report this activity. This team oversees the bank's compliance with requirements set forth in the Bank Secrecy Act (BSA) and the USA Patriot Act (USAPA) as well as sanctions set by the Office of Foreign Asset Control (OFAC).

UMBFS BSA/AML Analyst I is an entry level position in the AML Division supporting the UMB Fund Services (UMBFS) AML program. The Analyst is responsible for learning how to perform analyses of customer, financial, and non-financial data in accordance with BSA/AML Division standards including accurate, complete, and timely documentation of each analysis.

This role is hybrid working in our downtown Kansas City, MO corporate headquarters.

How you'll spend your time:

• Investigate customer transactions representing increased risk for money laundering or terrorist financing, primarily utilizing an automated surveillance system to report on the determination on these activities. This requires preparation of clear and concise dispositions on daily alerts and on reports.
• Perform customer relationship reviews based on new account opening, higher risk attributes, and/or other relationships identified by the EDD Manager or BSA/AML Officer. This requires preparation of clear and concise reports that detail the customer relationship and a statement of BSA/AML risk associated with that relationship. AML Risk Position may be responsible for assessing the effectiveness of existing controls performed by UMBFS transfer agency supporting the UMBFS BSA/AML program. This will also require testing to evaluate the quality of performance and documenting any gaps or performance deficiencies.
• Support the BSA/AML risk assessment process by confirming effectiveness of the control environment across UMB FS operations and/or by ensuring the quality of customer data within core systems.
• Responsible for first level disposition of OFAC and 314a suspects from batch reporting, as well as dispositions on business unit escalations for OFAC suspects.

We're excited to talk with you if:

• You possess an Associate's Degree OR two years of industry relevant experience in previous operational, compliance, or fraud investigation roles.

Bonus Points If:

• You have brokerage including investment advisor, mutual fund transfer agency, or alternative administration experience.
• You have knowledge of mutual funds and/or alternative investment funds.
• You have AML surveillance system navigation experience.
• You have expert experience working with Microsoft Office suite.

Compensation Ranges:

US Employees in California, Washington DC, New Jersey, and New York:

$41,060 - $59,760

US Employees in Colorado, Connecticut, Delaware, Illinois, Massachusetts, Maryland, Minnesota, Pennsylvania, Rhode Island, Texas, Washington, and Wisconsin:

$37,490 - $54,700

US Employees in all other states not listed above:

$33,920 - $49,650

The posted compensation range on this listing represents UMB's good faith and reasonable estimate based on its budget and what it expects to be the starting pay for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to View email address on click.appcast.io to let us know the nature of your request.

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