Job Description

The BSA/AML Analyst will be responsible for ensuring compliance with the Bank's Bank Secrecy Act (BSA), Anti Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Office of Foreign Asset Control (OFAC) monitoring and reporting standards in accordance with established Bank policies and procedures. This detail oriented individual will primarily work in the back office, with minimal customer interaction, onsite.

A successful candidate must have relevant experience, strong Microsoft Excel skills, the ability to summarize the facts of an investigation into a concise written narrative, and the capability to make independent decisions with little oversight in order to meet assigned deadlines.

PRIMARY DUTIES AND RESPONSIBILITIES (in more detail)

• Review alerts generated by the transaction monitoring system and perform sufficient due diligence to resolve or escalate the alert based on reasoning and practical experience. Clearly document your analysis in written form within the transaction monitoring system (Fiserv FCRM) and be able to communicate your alert resolution reasoning at team reviews / meetings / during quality control assessments.

• As part of the ongoing Enhanced Due Diligence process of potentially higher risk customers, review cases assigned on a weekly basis for anomalous behavior and perform sufficient due diligence to understand the activity. Recommend actionable cases to Management for possible SAR filing. Clearly document your process in writing and be able to communicate your findings at team reviews / meetings / during quality control assessments.

• Responsible for reviewing daily cash reports and ensuring that all Currency Transaction Reports are prepared and supporting documentation is maintained in accordance with established policies and procedures.

• Review various manual reports to detect suspicious activity. Escalate potentially suspicious transactions or trends to Management for further review.

• Assist with the management of Office of Foreign Asset Control (OFAC) compliance requirements including working with other areas of the Bank to resolve potential matches.

Preferred Qualifications:

• Possess a financial crime-related certification (e.g. CAMS, CAFP, CBAP, CFE, etc.)
• Experience using financial crime-related software
• Experience using and editing relational databases

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