Senior BSA/AML Analyst

Essential Duties and Responsibilities

• Independently perform reviews, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature.
• Ensure efficient identification and monitoring of suspicious activities and transactions through coordination and management of system generated and manual alerts.
• Ensure timely, efficient escalation of suspicious activities and transactions further review.
• Makes decisions and provides rationale for disposition of alerts.
• Responsible for inventory management of all alert level items within the BSA Department including tracking of risk metrics related to BSA Operations.
• Coincides Requests for Information between the BSA Department and Banc Operations.
• Supports review of new account documentation for compliance with BSA/AML, CIP, OFAC, and CDD compliance.
• Aid in AML screening and CDD/EDD reviews for prospective new customers in accordance with the Banc's policies and procedures.
• Ensure timely, efficient reporting of all currency transaction reports and maintain record keeping for retention requirements.
• Maintain an understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends.
• Perform other duties as assigned.

Qualifications

• Bachelor’s degree in business, Finance or another related field is preferred
• Three to five years of banking experience with exposure to BSA/AML and OFAC
• Knowledge of BSA/AML and OFAC regulations
• Acknowledge and observe strict confidentiality requirements
• High degree of accuracy and attention to detail
• Strong analytical and critical thinking skills
• Ability to multi-task and work in high volume environment
• Good communication skills, written and verbal
• Organizational and time management skills
• Ability to work well independently and with others