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BSA Analyst III

  • Location: Sandy, UT
  • Job Type: Direct Placement
  • Ref No: 19-05452
  • Date: September 11, 2019
  • Job title:

Jared Weber

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Job Description - BSA Analyst III

SUMMARY

  • Works closely with the BSA Officer or designee to ensure that all departments within the Bank are compliant with BSA Requirements, and is responsible for overseeing a portion of the day-to-day monitoring, reporting, and control processes within the BSA department.
  • This position will participate in bank procedural updates, and will conduct regular certifications to document controls and reviews.
  • The BSA Analyst III is actively engaged with other departments within the bank to assist in clarifying BSA requirements and ensuring that their procedures cover necessary BSA elements.

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Oversees the Bank’s cash transaction monitoring by reviewing system reports (branch reporting) and ensuring accurate aggregation.
  • Review of any applicable logs or recordkeeping requirements as they are necessary for proper oversight.
  • Responsible for the review, approval, and submission of all applicable CTR reports generated by BSA Analyst I.
  • Any CTR corrections as well as DOEP reports will also be handled by the BSA Analyst II.
  • Ongoing enhanced due diligence monitoring of customer relationships including transactional analysis for customers that pose a higher risk to the Bank.
  • Suspicious activity reviews, reconciliation, and reporting for any assigned cases or referrals received from branch staff.
  • These reviews require the use of various tools including Lexis/Nexis, internet sites, and other applicable resources as they become available. Monitoring and reporting of any Customer Information Program exceptions detected.
  • Oversees the Bank’s watch list program (OFAC/314a/PEP) including uploading lists, validating potential matches, and reporting hits when applicable.
  • Stays abreast of regulatory changes, industry standards and best practices. Works closely with the BSA Manager to update the Bank’s BSA Training programs, Policies, Procedures, and Risk Assessments as necessary and appropriate.
  • Serves as a point of contact for all AML-related matters, including negative news, potential matches on sanctions screening, and unusual behavior raised by frontline staff.
  • Escalate all matters mentioned above to the VP BSA Manager or Senior Management if the items cannot be resolved.
  • Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.

ADDITIONAL RESPONSIBILITIES

  • Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management.
  • Demonstrates high level of quality work, attendance and appearance.
  • Adheres to all Company Policies & Procedures and Safety Regulations.
  • Adheres to local, state and federal laws.
  • Performs any other duties that may be assigned by warehouse manager.
  • Understands and complies with all company rules and regulations.
  • Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position and job responsibilities, with an emphasis on the BSA/AML/CIP, Consumer Privacy, Regulation CC, Information Security, Bank Protection Act, FACT-Identity Theft, Information Technology and GLBA.
  • Additional duties as assigned as it relates to the position

SUPERVISORY RESPONSIBILITIES

  • This position does not have supervisory responsibilities






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