BSA Analyst

Onsite at BSA Department, 66 West Mount Pleasant Ave., Livingston, NJ.

Schedule

• Mondays, Tuesdays & Wednesdays: 8:30 am – 4:30 pm
• Thursdays: 8:30 am – 5:00 pm
• Fridays: 8:30 am – 4:00 pm

Responsibilities

• Provide support to the BSA Officer with monitoring, testing, and all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance.
• Analyze, review and clear generated alerts using the automated Transaction Monitoring System and recommend when activity warrants the filing of a Suspicious Activity Report (SAR).
• Utilize various internal reports to detect and monitor suspicious activities.
• Assist in the preparation and submission of all Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR) within required timeframes.
• Review new customer accounts and verify KYC / CDD documentation.
• Review and clear possible OFAC matches; report potential OFAC matches to the BSA Officer.
• Assist Senior Management, attorneys, and government agents with levies and subpoenas.
• Assist in the development and modification of procedures for carrying out the requirements of the BSA Department.
• Conduct monthly EDD reports for High Risk and Moderate Risk customers.
• Participate in 314a and 314b requests.
• Maintain current knowledge of all position-related procedures and compliance.
• Perform additional duties as assigned by management to maintain an efficiently run office, including cross-training in other Department or Bank functions.
• Ability to work varied hours/days as business dictates; may travel to Bank or other locations for job-related functions.

Requirements

• At least one year of US bank branch or banking operations experience.
• Understanding of Bank Secrecy Act, US Patriot Act, and related regulatory requirements for Anti-Money Laundering and Know Your Customer legislation.
• Familiarity with Fiserv-Cleartouch and FCRM software preferred.
• Valid CAMS certification is required; can obtain post-hire.

Benefits

• Retirement plans
• Health Insurance
• Paid days off

Pay

Annual salary: $60,000 - $70,000