BSA Analyst I

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• SUMMARY Works closely with the BSA Analyst II and III 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. The BSA Analyst I 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

• Monitors the Bank’s cash transactions 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 of all applicable CTR reports generated by retail staff for submission to BSA Analyst II or III.
• Responsible for mitigating the Bank’s fraudulent transaction risk by review of potential fraud cases, investigation of flagged transactions, and escalation to Central Operations.
• Monitoring and reporting of any Customer Information Program exceptions detected.
• Monitors 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.
• 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.
• Escalates all matters mentioned above to the VP BSA Manager/Officer or Senior Management if the items cannot be resolved.

ADDITIONAL RESPONSIBILITIES

• Demonstrates high degree of professionalism in communication, attitude and teamwork with 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
• 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

MINIMUM QUALIFICATIONS

• Bachelor’s degree from an accredited college or university or three years of related banking experience and/or training or the equivalent combination of education and experience. Comprehensive knowledge of bank products and services, including Bank Secrecy Act compliance, is required.
• Bank operational experience of no less than three years, with exposure to branch and back office operations, as well as compliance functions.
• BSA/Compliance-specific experience of no less than one year, with exposure to transactional analysis as well as general program and reporting requirements.
• Strong professional skills with emphasis on planning and organization. Strong and thorough knowledge of Bank policies and procedures. General knowledge of overall Bank products and services, particularly those offered in a commercial banking environment.
• Ability to multi-task and manage multiple activities to completion within strictly regulated deadlines.
• Experience with FiServ or other major core and reporting applications is desired

COMPETENCIES:

• Adaptability
• Communication
• Decision Making
• Initiative
• Innovation
• Motivator
• Organization
• Professionalism
• Results Orientated