Sr. Compliance Analyst - BSA/AML
Employment Type : Full-Time
Overview: This position has the primary responsibility to Support the BSA Officer and the Compliance Manager – BSA/AML in the development, implementation and maintenance of the Bank Secrecy Act (BSA) Program for the Bank and affiliates. This position also serves as both an evaluator of established policies and procedures as well as an advisor on the drafting and implementation of sameResponsibilities:- Assist the Senior Compliance Manager – BSA/AML with monitoring the Bank’s BSA program and ensuring adherence to BSA, Anti-Money Laundering (AML), and Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) policies
- Initiate Suspicious Activity Report process detected through monitoring; assist with the collection of documentation required to make a determination on a Suspicious Activity Report referral; assist with the monitoring and follow-up of current and continuing reports.
- Review and monitor alerts generated by the Office of Foreign Asset Control (OFAC) filters or hits received in the branch network, wire room, IAT; Assist in maintaining the Bank’s OFAC policies and procedures
- Process FinCEN 314(a) requests on bi-weekly or as-needed basis
- Review all business account documentation for accuracy and to determine the validity of the business entity
- Monitor and review business account activity in regard to associated risk and to determine potential suspicious activity
- Complete Enhanced Due Diligence (EDD) reviews for all high risk accounts identified through risk analysis
- Complete behavior reviews within the Bank’s Anti-Money Laundering software, review activity and take appropriate measures to acknowledge or escalate potentially suspicious activity.
- Assist the Retail Team with Consumer CIP compliance and risk assessment procedure.
- Assist with preparing, maintaining, and updating of manuals, procedures, and training materials
- Communicate with the retail department to ensure accurate and timely report filing and address any BSA deficiencies
Qualifications:Skills and Competencies- Strong knowledge of BSA/ AML compliance
- Thorough knowledge of banking regulations pertaining to Lending, Marketing and Retail Operations
- Knowledge of Bank policies and procedures in lending, deposit operations, and branch operations, and compliance requirements of marketing and disclosures
- Ability to read, analyze, and interpret government regulations, trade journals, and legal documents
- Ability to handle multiple projects at one time
- Ability to interact with all levels of staff and management
- Ability to deal with customers effectively
- Excellent interpersonal skills
- Strong problem solving skills
- Effective communication skills, both verbal and written
- Strong editorial skills in English composition, grammar, and proofreading
- Willingness to work flexible hours
- Computer experience with Microsoft Word, Excel
Education and Experience- Bachelor's Degree or equivalent experience
- 3 to 5 years of banking BSA, or BSA audit experience
- Verafin system experience, preferred
- CAMS or CAFP certification, preferred