JOB SUMMARY: BSA Analyst will perform a variety of duties to assist the BSA Compliance Officer with compliance of the Bank Secrecy Act, Office of Foreign Asset Control, USA Patriot Act, the FFIEC Manual and other Anti-Money Laundering Acts. Assist in the investigation of Fraudulent, illegal or improper activities that could cause losses to or claims against the Bank. Assists the BSA Compliance Officer to ensure timely implementation of new procedures for compliance with any changes with laws and regulations in the BSA/AML/CIP and enhanced due diligence programs.
DUTIES AND RESPONSIBILITIES: Is responsible for potentially suspicious activity investigations and related processes including but not limited to: Reviewing and monitoring reports for suspicious acitivity and assisting in the research and preparation of Suspicous Activity Reports, including but not limited to: recordkeeping, follow-up and preparing reports of findings. Responsible for assisting in the administration and completion of the Bank's customer due diligence reviews. Prompt escalation of critical and reputational risk matters to BSA Compliance Officer. Conduct special investigations - AML investigations of cases originating from various special requests and non-systems sources(e.g., 314 requests, OFAC, subpoenas, FinCEN). Compile research documents (client statements, balance statements, relationship reports) needed by AML researchers in support of investigations of potentially suspicous activity. Document and report the investigation findings in the case management system and prepare reports as required. Responsible for the indentification and monitoring of high risk accounts. Assists in updating and reviewing the bank's policies and procedures based on regulation changes, internal audits, and regulatory examination mandates. Act as a back-up to the CTR preparer, when necessary. Have working knowledge of the CTR process and monitor the CTR process to ensure timely and accurate filings. Monthly management reports - Prepare monthly AML reports by consolidating statistics from various sources. Special projects - Assist the BSA Compliance Officer as needed.
EXPERIENCE REQUIREMENTS: Experience as an AML investigator in a monitoring function. Experience with KYC, enhanced due dilligence, and AML a plus. Experience with AML Manager and/or Fiserv programs a plus. Fraud investigation experience a plus. Advanced knowledge of effective internet search techniques. College degree preferred. Relevant experience may be considered in place of a college degree. Advanced knowledge of MS Products, including Excel to create pivot tables, use macros, filtering and sorting.
DESIRED QUALIFICATIONS: Must have superior written and verbal communication skills. Excellent analytical, judgment,and research skills. Ability to multi-task. Good team player with the ability to manage personal workload. Bilingual candidates encouraged to apply.