A B.S. or B.A. degree or equivalent in Accounting, Finance or a related field of study is strongly preferred; Possession of CAMS or similar Anti-Money Laundering certification a plus; Knowledge of OFAC, CDD, EDD, and CIP laws and regulations and general anti-money laundering practices; Working knowledge of compliance regulations governing Bank Secrecy Act & Anti-Money Laundering (BSA/AML), Patriot Act (CIP), Treasury Office of Foreign Assets Control (OFAC), FFIEC advisory guidelines regarding Know Your Customer (KYC), Enhanced Due Diligence (EDD) and Reg CC, Reg GG a plus.
Strong written/verbal communication as well as time management skills; Strong working knowledge of Excel; Working knowledge of automated transaction monitoring systems; Strong ability to analyze and synthesize large amounts of data; Ability to conduct extensive research and apply data to improve BSA Program; Project a businesslike professionalism to the client in both appearance and manner; Possess a strong customer service orientation; Strong organizational skills, great follow through and ability to manage multiple competing priorities; Have high standards for your work along with the self-discipline and motivation to accomplish your goals; Strong attention to detail skills and good fact finding ability; Effectively detect patterns and conditions through observing processes.
Three (3) to five (5) years’ experience in Bank Secrecy Act and Anti-Money Laundering; bank compliance and audit experience a strong plus.
Responsible for performing various risk functions which support compliance with laws, rules and regulations associated with the Bank Secrecy Act, Anti-Money Laundering (AML) regulations, the USA Patriot Act, Customer Identification Program Beneficial Ownership and Office of Foreign Asset Control (OFAC) requirements; The BSA Analyst will be expected to perform thorough investigations on a timely basis related to potential money laundering, terrorist financing, drug trafficking, and fraud; Perform enhanced due diligence on customer accounts, review and investigate alerts, high risk accounts and identify suspicious activity.
Assist with the review and remediation of potential OFAC and PEP screening matches
Serve as a BSA/AML subject matter resource for co-workers in understanding
Conduct customer due diligence and enhanced due diligence at time of onboarding as well as ongoing monitoring for customers
Identify complexity of beneficial ownership with account relationships
Review and remediate alerts from transaction monitoring system and escalate alerts as needed to cases and/or potential SAR filings
Aid in the creation of various reports that will be presented to various committees and Board
Assist in the identifying and monitoring of high-risk customers and high-risk activities
Assist in preparation for internal audits, financial partner examinations and federal and state examinations
Identify areas of improvement and present recommendations related to the Bank’s BSA/AML program to the BSA Officer
Recommend enhancements for marketing materials for products and services to ensure compliance requirements are considered or included
Contribute to compliance training materials for staff, as needed
Participate in meetings, individually or in a group, to identify gaps within current practices and regulatory requirements and present findings/recommendations to help rectify the process to assure regulatory compliance
Review and make recommendations for policies and procedures to meet current regulatory expectations and assist in making updates as regulatory changes occur
Monitor new and any proposed laws and regulations in a timely manner and establish compliance obligations to allow the bank to effectively meet these requirements
Conduct ad hoc projects that involve conducting research and data gathering for the completion of compliance requirements for new products & services