BSA OFAC Analyst 2
Farmers & Merchants Bank of Long Beach · Lakewood, CA · 1 mo ago
On-siteBusiness Development$34.5–$55.5/hrFull-time
We need to output HTML fragment with sections: h3 for headings like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Only include sections if posting has real specific content. We have job summary, key responsibilities, compliance responsibilities, required knowledge, knowledge skills and abilities, equipment operated, physical requirements & work environment, education and experience, minimum absence requirement, officer title eligibility, compensation, disclaimer (but we must remove boilerplate like disclaimer, legal, EEO, etc). Also remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. The disclaimer is legal boilerplate; we should drop it. Also "Compensation" section is present with pay range; we should include Pay section. Benefits: not mentioned; we should not include Benefits unless present. Schedule: not mentioned; omit. About the role: we have job summary; we can use that as About the role. Responsibilities: key responsibilities. Requirements: maybe combine required knowledge, knowledge skills and abilities, education and experience, etc. Qualifications: maybe education and experience. Skills: knowledge skills and abilities. We need to avoid duplication. Let's extract substantive content.
Job Summary paragraph: "The BSA/OFAC Analyst assists in the administration and execution of the Bank’s Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) Compliance Program. This position supports the Bank’s BSA, AML, and OFAC monitoring, investigative, and reporting processes to ensure compliance with applicable laws, regulations, and internal policies. The BSA/OFAC Analyst is responsible for identifying, investigating, and escalating unusual or suspicious activity in a timely manner, helping protect the Bank from money laundering, terrorist financing, fraud, and other financial crimes. This role contributes to safeguarding the integrity and reputation of the Bank while supporting regulatory compliance requirements. In addition, the Analyst provides support to other BSA functional areas, participates in departmental and enterprise-wide projects, and assists with special assignments designed to enhance the effectiveness of the Bank’s financial crimes compliance program."
Key Responsibilities list: many bullet-like sentences. We'll put each as .
Compliance Responsibilities: list of laws etc. Could be part of Requirements? Might be separate but we can include under Requirements or Qualifications. Probably better to include under Requirements as "Compliance Responsibilities". But we need headings only from allowed list: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We can map:
- About the role: job summary.
- Responsibilities: key responsibilities.
- Requirements: maybe combine required knowledge, knowledge skills and abilities, education and experience, minimum absence requirement, officer title eligibility? But officer title eligibility says not eligible; that's not a requirement. Could include but it's not a requirement; maybe skip.
- Qualifications: education and experience.
- Skills: knowledge, skills and abilities (including required knowledge).
- Pay: compensation range.
- Benefits: none -> omit.
- Schedule: none -> omit.
We must not include headings with filler. So we will output sections for About the role, Responsibilities, Requirements, Qualifications, Skills, Pay.
Now we need to preserve all substantive information; do not invent or summarize away detail. So we need to include all details from those sections.
Let's list details:
About the role: the job summary paragraph.
Responsibilities: list each bullet from "Key Responsibilities". Let's extract them:
- Conduct research and investigations on potential OFAC matches, including negative news searches, utilizing Bank systems, public records, online resources, and subscription-based databases.
- Analyze potential OFAC and sanctions-related alerts and escalate confirmed or potential matches to management with well-supported recommendations for resolution.
- Maintain a thorough understanding of OFAC requirements, including the proper handling of blocked, frozen, rejected, and reportable transactions, ensuring compliance with all regulatory reporting deadlines.
- Monitor regulatory developments, including BSA, AML, OFAC, and FinCEN guidance, and incorporate changes into daily practices and procedures.
- Review real-time wire transfers, ACH transactions, and other customer activity for potential matches against OFAC sanctions lists, watchlists, and high-risk jurisdictions.
- Analyze complex transactional activity and customer relationships to identify potential suspicious, unusual, or high-risk activity and provide comprehensive investigative recommendations.
- Perform reviews and investigations independently while exercising sound judgment in identifying potential compliance risks.
- Serve as a resource to Bank employees by responding to BSA/AML/OFAC-related questions and providing guidance on regulatory requirements and internal procedures.
- Collaborate with BSA management, investigative units, business lines, and branch personnel to resolve potential compliance concerns and mitigate risk.
- Assist with BSA/AML and OFAC risk assessments, internal audits, regulatory examinations, country risk reviews, and other compliance-related initiatives.
- Conduct training and knowledge-sharing sessions for frontline staff and BSA personnel regarding BSA/AML and OFAC requirements, trends, and best practices.
- Review and investigate FinCEN Section 314(a) requests on a bi-weekly basis and appropriately document and disposition potential matches within required timeframes.
- Review, evaluate, and respond to FinCEN Section 314(b) information-sharing requests as needed and in accordance with regulatory requirements.
- Partner with cross-functional team members to provide training, guidance, and operational support when needed.
- Provide support to other BSA functions, including Enhanced Due Diligence (EDD), Currency Transaction Reporting (CTR), investigations, and other compliance-related teams as needed.
- Maintain complete, accurate, and timely documentation of investigations, findings, decisions, and regulatory reporting activities in accordance with Bank policy and regulatory expectations.
- Participate in special projects, process improvement initiatives, system implementations, and other assignments to enhance the effectiveness of the Bank's BSA/AML and OFAC compliance program.
That's all.
Compliance Responsibilities: list of laws etc. This could be part of Requirements or Qualifications. Let's include under Requirements maybe as a bullet list.
Compliance Responsibilities text: "Complies with all applicable state and federal banking laws, regulations, and internal policies related but not limited to lending, operations, and deposit requirements, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML) requirements, Office of Foreign Assets Control (OFAC) regulations, Customer Identification Program (CIP) requirements, Financial Elder Abuse reporting laws, Sexual Harassment prevention policies, information security and privacy requirements."
We'll include as a bullet.
Required Knowledge: list:
- Proficient knowledge of BSA / AML software to adequately detect, review and report suspicious activity
- Sound judgement, integrity and commitment to ethical behavior
- Ability to maintain confidentiality and treat sensitive information with discretion
- Robust knowledge and understanding of AML/BSA/OFAC regulatory matters
- Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines
Knowledge, Skills and Abilities: list (some overlapping):
- Demonstrates sound judgment, high integrity, and a strong commitment to ethical and professional conduct.
- Ability to maintain strict confidentiality and exercise discretion when handling sensitive and proprietary information.
- Working knowledge of the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) regulations.
- Understanding of Office of Foreign Assets Control (OFAC) regulations and sanctions compliance requirements.
- Knowledge of the USA PATRIOT Act and its application within a financial institution compliance framework.
- Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines.
Equipment Operated: "Operates standard electronic computers and customary office equipment required to perform essential job functions. Use of equipment is required, with or without reasonable accommodation, in accordance with the Americans with Disabilities Act (ADA) and the California Fair Employment and Housing Act (FEHA)." This could be part of Skills or Requirements but not a heading; we can include under Skills maybe as a bullet.
Physical Requirements & Work Environment: list:
- Ability to perform repetitive movements associated with office and computer-based work.
- Ability to sit and or stand for extended periods of time to perform essential job functions.
- Ability to lift, carry, or move objects weighing up to 25 pounds, with or without reasonable accommodation.
- Ability to use hands and fingers to manage, manipulate, or feel objects and operate standard office equipment.
- Work is primarily performed in an office environment with a controlled temperature and standard office conditions.
Education and Experience:
- High School Diploma or equivalent required
- Minimum of five (5) years of banking experience, with a strong emphasis on customer service and client support.
- Minimum of five (5) years of experience in BSA/AML and OFAC compliance within a financial institution.
- Certified Anti-Money Laundering Specialist (CAMS) certification preferred; certification may be required within a specified timeframe after hire.
Minimum Absence Requirement: description about two consecutive weeks. Could be under Requirements? Might be considered a requirement. We'll include under Requirements as a bullet.
Officer Title Eligibility: says not eligible; we could skip as not substantive requirement.
Compensation: "Non‑Exempt Hourly Rate: $34.50 – $55.50 per hour". Also mention placement within range etc. We'll include that as Pay section.
Now we need to output HTML fragment with h3 headings and appropriate ul/li or p.
We must not repeat job title as heading. Not include any boilerplate like disclaimer.
We'll produce:
About the role
... job summary ...
Responsibilities
- ... each responsibility ...
Requirements
- Complies with all applicable state and federal banking laws, regulations, and internal policies related but not limited to lending, operations, and deposit requirements, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML) requirements, Office of Foreign Assets Control (OFAC) regulations, Customer Identification Program (CIP) requirements, Financial Elder Abuse reporting laws, Sexual Harassment prevention policies, information security and privacy requirements.
- Proficient knowledge of BSA / AML software to adequately detect, review and report suspicious activity
- Sound judgement, integrity and commitment to ethical behavior
- Ability to maintain confidentiality and treat sensitive information with discretion
- Robust knowledge and understanding of AML/BSA/OFAC regulatory matters
- Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines
- Demonstrates sound judgment, high integrity, and a strong commitment to ethical and professional conduct.
- Ability to maintain strict confidentiality and exercise discretion when handling sensitive and proprietary information.
- Working knowledge of the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) regulations.
- Understanding of Office of Foreign Assets Control (OFAC) regulations and sanctions compliance requirements.
- Knowledge of the USA PATRIOT Act and its application within a financial institution compliance framework.
- Operates standard electronic computers and customary office equipment required to perform essential job functions. Use of equipment is required, with or without reasonable accommodation, in accordance with the Americans with Disabilities Act (ADA) and the California Fair Employment and Housing Act (FEHA).
- Ability to perform repetitive movements associated with office and computer-based work.
- Ability to sit and or stand for extended periods of time to perform essential job functions.
- Ability to lift, carry, or move objects weighing up to 25 pounds, with or without reasonable accommodation.
- Ability to use hands and fingers to manage, manipulate, or feel objects and operate standard office equipment.
- Work is primarily performed in an office environment with a controlled temperature and standard office conditions.
- High School Diploma or equivalent required
- Minimum of five (5) years of banking experience, with a strong emphasis on customer service and client support.
- Minimum of five (5) years of experience in BSA/AML and OFAC compliance within a financial institution.
- Certified Anti-Money Laundering Specialist (CAMS) certification