BSA/AML Analyst

About the Job

GENERAL SUMMARY:

With minimal to no supervision, the BSA/AML Analyst is responsible for day-to-day monitoring and/or investigation of potentially suspicious activity, ensuring accurate and timely submission of all required reports (i.e., SARs), conducting suspicious activity reviews, and analysis of higher-risk customers including new or existing high-risk customer relationships for the bank.); reviewing, processing, and filing SARs.. The candidate must understand the Regulatory mandates, discretion of highly confidential information, adherence to sensitivity timelines, and overall responsibilities under a BSA/AML Department.

MAJOR JOB ACCOUNTABILITIES:

Completes reviews of various reports, applications, and platforms utilized by the FIU

Performs review of customer information and related transactions, analyzing complex data to assist in determining if CTR filing is required and if activity appears suspicious.

Refers potentially suspicious activity for SAR consideration.

Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and enhanced due diligence when needed

Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering/Financial Crimes fields.

Conducts investigations to appropriately resolve potential matches generated by the Bank's OFAC/Watch list screening through monitoring system and performing CDD/EDD investigations when needed

Review and analyze bi-monthly FinCEN 314(a) issued lists for possible matches within the Bank's database, wire activity, monetary instrument report, and any other relevant reporting; Timely response to 314B requests

Be a resource for the Front Line, Business lines, and Business partners as a Subject Matter Expert

Review of complex business formation and governance documents, ensuring adherence to CDD/EDD-Beneficial Ownership Rule

Provides assistance in preparation of monthly reports to keep management informed of department activities, such as: SAR, CTR’s, and other statistics assigned

Ensure accuracy and identify enhancements of relevant Policy and Procedures (P&Ps) and

Process Workflows.

May Assists with more complex investigations that are generally non-system generated (e.g. Subpoenas, higher risk reviews)

Achieve and sustain a high level of quality, accuracy, and efficiency in the firm’s response to BSA, AML and OFAC matters.

Required Skills

KNOWLEDGE, SKILLS, AND ABILITIES:

A minimum of 2 years of BSA/AML experience required or other related experience required. College Degree preferred.

Must possess working knowledge of the Bank Secrecy Act and its implementing regulations. Must have experience with the bank’s monitoring and reporting systems or similar monitoring and reporting systems for BSA/AML compliance and risk surveillance.

Must have demonstrated experience and be comfortable making critical decisions in a time sensitive and regulatory mandated environment

Experience working with money laundering/terrorist financing/SAR or equivalent investigations preferred

Must have demonstrated experience in applying strong problem solving, judgment and analysis to detect and deter money-laundering activities

Ability to work independently, but cohesively within a team of specialized associates, with high integrity and ethics

Highly self-motivated with excellent communication skills and ability to manage and analyze data

Excellent written and oral formats, including presentations to regulators, auditors, analysts, senior managers

Exceptional analytical skills, judgment, attention to detail, and ability to prioritize tasks and work under pressure

Experience with case management platforms a must. Exposure to platform implementation/enhancement environment a plus.

Related industry certification (ACAM, ACFE, etc.) is preferred but not required.

SPECIFIC PHYSICAL REQUIREMENTS:

Work requires reasonable mobility in and around the work area. Ability to use standard computer and phone systems is required

WORKING CONDITIONS:

Normal office environment where there is almost no discomfort due to temperature, dust, noise, or other disagreeable elements.

Work includes little or no potential exposure to hazardous conditions.

Must be able to travel to remote company and/or client locations.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

Additional Information

Sandy Spring Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

If you require a reasonable accommodation to apply for a position, please call our job line at and select option 5. Requests are considered on a case-by-case basis.

Sandy Spring Bank partners with various job boards to advertise our openings. Please visit our website, to confirm the validity of the job posting to avoid any potential fraudulent activity. We encourage and recommend all candidates to apply via our website.

Full Time Exempt