BSA/AML Analyst

Job Purpose:

The BSA/AML Analyst is responsible for assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports as required under the Bank Secrecy Act and the Banc’s BSA/AML Compliance Program and Procedures.

Essential Duties and Responsibilities:

Perform daily review, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature.

Ensure efficient identification and monitoring of suspicious activities and transactions.

Ensure timely, efficient reporting of suspicious activities and transactions to BSA Officer or direct supervisor.

Review new account documentation for compliance with BSA/AML, CIP, OFAC, and CDD compliance.

Assist with AML screening and CDD/EDD reviews for prospective new customers in accordance with the Bank's policies and procedures.

Ensure timely, efficient reporting of all currency transaction reports and maintain record keeping for retention requirements.

Monitor the sales of monetary instruments and ensure the accuracy of any required reporting.

Maintain an understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends. Perform other duties as assigned.

Qualifications:

Bachelor’s Degree in Business, Finance or other related field is preferred

Three years of banking experience with exposure to BSA/AML and OFAC

Knowledge of BSA/AML and OFAC regulations

Acknowledge and observe strict confidentiality requirements

High degree of accuracy and attention to detail

Strong analytical and critical thinking skills

Ability to multi-task and work in high volume environment

Good communication skills, written and verbal

Organizational and time management skills Ability to work well independently and with others

Work Conditions: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

While performing the duties of this job, the employee is occasionally required to stand, walk; sit; use hands to finger, handle, or feel, occasionally lift one to fifteen pounds.

Working Conditions are in office.

The noise level in the work environment is usually moderate.

Training: Must complete all required mandatory and regulatory training. Bank Secrecy Act (BSA): Follow all policies and procedures of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Asset Control (OFAC).

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions and perform any other related duties as assigned by their supervisor. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.