BSA Analyst I - Glenville, NY

About the role

Reports to: Vice President of BSA
FLSA Status: Non-Exempt
Supervisory Role: No

Why Join Us?

We believe in fostering a supportive and inclusive workplace where our employees can grow their careers. We consider our employees as family and offer a variety of benefits including medical, dental, and vision insurance, a health savings account, a 401(k)-retirement plan with generous employer match, paid time off, and much more!

About the BSA Analyst I Role

We are searching for a detail-oriented and analytical BSA Analyst I to join our dedicated compliance department. In this crucial, non-supervisory role, you will be on the front lines of defense against financial crime.

Key Responsibilities

• Investigative Analysis: Research, analyze, and investigate transaction monitoring alerts for potential money laundering, terrorist financing, and other financial crimes, making informed recommendations regarding the filing of Suspicious Activity Reports (SARs).
• Regulatory Reporting: Track and ensure timely filing of Currency Transaction Reports (CTRs) within the strict 15-day regulatory deadline.
• Enhanced Due Diligence (EDD): Conduct thorough EDD reviews, gathering documentation, composing detailed narratives, determining risk ratings, and outlining necessary follow-up actions.
• Risk Monitoring: Monitor customers on the CTR exempt list annually and perform 90-day SAR follow-up reviews to identify continuing activity.
• Compliance Verification: Examine various banking divisions (branch administration, retail lending, commercial loans) to ensure meticulous adherence to Customer Identification Program (CIP) requirements.
• OFAC & Training: Monitor potential OFAC matches, acting as a dual control for processing, and build continuous proficiency through specialized BSA/AML training courses.

Qualifications

• A Bachelor’s degree in a business-related field and/or one year of equivalent experience/education.
• Effective verbal and written communication skills, exceptional organization, and the ability to manage multiple time-sensitive tasks effectively.
• Ability to work well independently and in group settings.
• Working knowledge of Microsoft Office Programs (Excel and Word).
• Fluency in English; bilingual a plus.
• Preferred: CAMS Certification (Certified Anti-Money Laundering Specialist).
• Working knowledge of FCRM Software.

Schedule

Full-time position; Monday – Friday, 8:30 am – 5:00 pm

Physical Demands

Primarily sedentary; includes use of standard office equipment.