Sr. BSA Analyst

Job Description

Description:

Job Summary

The position is responsible for working directly with BSA Auditor’s and Examiners during audits and exams:

Pre-work prior to the audit/exam.

Post-work after the audit/exam.

Essential Job Functions

Works with the BSA Officer on BSA findings and adhere to the findings that they are revised.

Reviews and creates/updates business requirements for functional (e.g., business processes, rules) and non-functional (e.g., data, security) capabilities. Gathers and interprets information from multiple sources and makes recommendations.

Supports the business team with the development and tuning of the assigned solution models and rules or risk factors.

Leads the business testing activities including defining test scope, plans and deliverables.

Reports to the BSA Officer and fills in for the BSA Officer, as needed, for projects and other initiatives.

Ensures policy communication and expectations are properly reported and managed.

Works with branch managers to resolve any irregularities that come from newly opened accounts identified and related to CIP.

Conducts timely and thorough review of potentially suspicious activity through case management.

Assists in CTR quality control monitoring. Address missed documentation provided by branch and back-office operation staff and provide training to correct those errors.

Assists during all periodic BSA/AML compliance reviews, audits, and examinations.

Maintenance and update all BSA/OFAC/AML/ Risk policies, procedures, and compliance as they relate to the BSA program.

Reviews onboarding documentation for new business accounts and risk rate accounts using AML system risk rating module.

Performs the Due Diligence and system data entry for new business accounts.

Monitors and validates risk rating for new personal accounts using the AML system risk rating module.

New customers identified as high risk, conduct enhanced due diligence and monitoring efforts.

Identifies high risk accounts from information received from other departments, branches, Suspicious Transaction Referrals (STR) and Currency Transaction Reports (CTR).

Performs independent analysis for cases involving suspicious activity including, but not limited to, structuring, check fraud, and kiting for presentation to the BSA Officer and VP of Risk Management.

Schedules perform analysis of core application and AML system reports that identity potential suspicious activity including case management.

Manages cases of potentially suspicious activity from the AML monitoring system, including analysis of transaction activity and balances for review by the BSA Officer and VP of Risk Management.

Conducts a monthly review of new accounts, using system reports/AML tool, to ensure that all new accounts have been appropriately risk rated.

Performs testing of BSA/AML systems in conjunction with system or Core upgrades.

Maintains communications with Account Manager(s) for BSA/AML systems.

Performs review of the Credit Unions Customers Identification Program and other lists for compliance with FinCEN 314a requests or OFAC filtering results.

Performs periodic OFAC updates/screenings and FinCEN 314a requests and investigation potential matches to make a disposition.

Reaching out to consumer and business members, on a business need basis, due to BSA escalation.

Stays current with changes in BSA regulations and develop related procedures or revisions to the BSA program and with the BSA officer.

Participates in compliance and regulatory initiatives and other special projects, including execution of project plans for new regulations, regulatory guidance, and compliance processes.

Cross-trains on other BSA/AML related functions AML processes, which include suspicious activity investigations and reporting, sanctions, and politically exposed person screening, OFAC, CDD/EDD screening. Business account opening review process, and other AML related processes. The Senior BSA Analyst will work closing with the BSA Officer and VP of Risk Management to ensure critical functions are fulfilled timely and accurately. Responsibilities include advising the BSA/AML Officer of emerging compliance issues, aid in the establishment of controls to mitigate risks, and development of necessary training programs to ensure and improve regulatory compliance. Stays current on BSA system enhancements and recommends changes in settings and procedures to maximize effectiveness. Review system generated alerts for potential matches and conduct research as required and document detailed results. Review PEP and Sanction alerts for potential matches and conduct research as required. Complete follow-up reviews on activity that was previously reported as suspicious. Identify trends and report to management. All mandatory training completed to deadline and understood within given timescales. Speak with staff and management in a friendly, respectful tone and train as needed. Ensures consistent visibility for program and project teams by monitoring and reporting business objectives, program/project achievements, and key indicators. Removes obstacles and impediments to ensure business and operational objectives are met. Identifies and applies best practices and needed process improvements. Ensures compliance with company policies and procedures. Monitors project execution to deliver incremental business value.

Performs other job-related duties as assigned.Requirements:

Minimum Education and Experience

High School diploma or GED and five (5) years of similar or related experience in BSA/AML compliance management in a financial institution.

Knowledge, Skills, and Abilities

Knowledge of BSA/AML and CDD/EDD requirements for financial intuitions. Detailed current knowledge of and experience in BSA, AML, CIP, OFAC and USA PATRIOT Act regulations as they relate to a retail and commercial banking environment.

Knowledge and experience in BSA/AML system including system settings and parameters and training.

Experience preparing documents for audits and examinations.

Experience with Regulatory and outside auditors related to BSA exams and audits.

Ability to define problems, collect data, establish facts, and draw valid conclusions.

Experience in senior level decision making at a financial institution.

Ability to write business correspondence and business policies and procedures of a technical nature.

Ability to speak with staff and management in person and on the telephone.

Ability to speak effectively and present information to groups and to management.

Knowledge of computers and software applications in Windows, Excel, Access and Word. Ability to read, write and speak English.

Ability to read, analyze and interpret technical procedures, financial reports, legal documents, and government regulations.

Excellent time management, organization, and researching skills.

Licenses, Training, and Certifications Required

CAMS certification, preferred

Preferred Qualifications

Registered with FinCEN 314a and 314b

Hybrid Work Environment and Physical Demands

While performing the duties of this job, the employee is regularly required to sit; use hands to finger keys accurately when using computers, keyboards, and phones. While performing the duties of this job, the employee is frequently required to stand; walk; reach with hands and arms. While performing the duties of this job, the employee is occasionally required to climb or balance; stoop, kneel, crouch or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; color vision; depth perception; and ability to adjust focus. The noise level in the work environment is usually moderate. Must be able to travel independently to department and branch locations.

NOTE: The job description is intended to be generic in nature. It is not an exhaustive list of all duties and responsibilities. Requirements listed in the above qualifications and physical requirements are representative of the knowledge, skill, abilities, physical demands, or work environment required or encountered that must be met by an employee to successfully perform each duty and each function of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

Employees who work from home must have business operational internet to complete work tasks and communicate via video call or chat messaging systems in dedicated workspace.

Full-time