The Sr. Quality Control Analyst assists in the administration of the Bank Secrecy Act compliance program, specifically ensuring work products related to due diligence, investigations, sanctions, and SARs are completed accurately according to industry standards and practices and assists with various assignments supporting Financial Crimes Risk Management (‘FCRM’), under the guidance of FCRM Senior Management. This position performs quality control reviews, daily monitoring, and reporting pertaining to the Bank Secrecy Act, USA PATRIOT Act, and Anti-Money Laundering Program compliance using industry standards and regulatory guidance to ensure the company’s compliance efforts are maintained. Advises the Quality Control Supervisor and other management of emerging trends and issues and assists the company in the establishment of controls to mitigate risks. The position of Quality Control Analyst is required to be fully knowledgeable and skilled in transaction monitoring and investigations.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

FCRM:

Performs daily reviews of finished work products related to FCRM functions (alert assessments (transaction monitoring, fraud, watchlist management/sanctions), AML/Fraud case investigations and SAR forms, Due Diligence reviews) to ensure adherence to internal policies and procedures.

Utilizes understanding of BSA/AML regulatory rules, laws, regulations, and industry standards and practices to identify potential issues related to the quality of finished work products.

Perform routine monitoring to determine the extent of compliance with regulations, laws, policies, and procedures. Communicate the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, and escalate issues.

Maintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC

Train in various programs to further educate oneself in BSA-related compliance requirements and procedures

Provide input of monthly reports to keep management informed of department activities, such as Quality Control score analysis, Quality Control volume tracking, as well as other reports as assigned.

Complete reviews of various reports, applications, and platforms utilized by FCRM staff

Identify key issues and gaps in processes that impact quality, accuracy, and compliance and make recommendations for enhancement

Document findings and effectively communicate areas of needed improvement with FCRM Management

Ensure timely and accurate completion of all quality control reviews of SARs for timely filing

Perform other projects as assigned

General:

Assist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, and regulatory agencies, as appropriate

Assist in special projects and tasks for the department as directed

As warranted or directed, assist in the development, revision, or reviews of company policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirements.

Assist with self-assessments as needed. May assist in the preparation and coordination of independent audits and regulatory examinations

Ability to deal with routine problems involving multiple facets, variables, and situations where only limited standardization exists

Maintain current knowledge of all federal and state laws and regulations, along with the company’s policies and procedures

Must adhere to the company’s core values of Challenge Convention, Do What’s Right, Take Ownership, Empower People, Exceed Expectations, and Cultivate Awesome all while keeping our “Why?” front of mind. Our Why? Silvergate is the banking platform for innovators, and we believe in the power of entrepreneurs to create prosperity for our communities.

Does not harm consumers through any act that could be misleading, unfair, deceptive, or abusive in act or practice

Decision Making:

Requires continuous exercise of judgment following regulatory rules, laws, and regulations, industry standards, and practices

Identifies and selects complex choices of action where standard practices may not exist

Must be able to accommodate detailed work, problem-solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks, and constant interruptions.