What are the responsibilities and job description for the BSA Analyst position at Sunrise?
POSITION SUMMARY
The position is responsible for supporting BSA Management with the Enterprise-Wide BSA/AML/OFAC programs with an emphasis in FinTech Reviews/Audits, Quality Control, Regulatory Reporting (CTRs and SARs), High-Risk customer reviews, and daily risk-related administrative tasks. This position includes supporting the Bank Secrecy Act training efforts by working with customers (employees and external partners) on BSA compliance issues, as needed.
ESSENTIAL FUNCTIONS
- Perform 90 Day and Annual Reviews of external FinTech partners’ BSA/AML Programs, including written and verbal communication of findings. Monitor outstanding findings and verify adequate resolution.
- Daily Quality Control (QC) review of alert resolution and Suspicious Activity Reports (SARs), as needed
- Compile monthly QC reports and verbally communicate suggested changes to Monitoring Services Management during monthly QC meetings
- Complete annual reviews of high-risk customers (i.e., Money Service Businesses and Private ATM Customers)
- Complete OFAC and 314(a) scanning and disposition potential hits appropriately, escalating when necessary
- Monitor the BSA Inbox and complete various risk-related tasks (such as CIP documentary review, pulling/reviewing CLEAR reports, prepaid card bulk order approvals, etc.)
- Complete daily Currency Transaction Reports (CTRs), as needed, as well as the annual CTR Exempt Customer reviews
- Complete ongoing monitoring of countries designated as AML-deficient by FATF or sanctioned by OFAC, suggesting updates to Sunrise’s prohibited countries list as deemed necessary
- Assist BSA Management with regulatory research, as needed
- Policy/Procedure development or updates
- Complete special projects and perform other responsibilities as directed by management
SUPERVISORY RESPONSIBILITIES
None
COMPETENCIES
- Sunrise 10X Values
- Adaptability
- Communication
- Compliance
- Dependability & Flexibility
- Initiative
- Integrity
- Judgement
- Organizational Skills
- Productivity
- Professionalism
- Quality Service
- Teamwork
- Technical /PC Skills
- High Work Quality
EDUCATION & EXPERIENCE
- High school degree or GED required
- College degree in financial or business-related field preferred
- 3 years BSA/AML experience required
- 1-year FinTech BSA experience strongly preferred
- Comprehensive knowledge of Bank Secrecy Act and related regulations governing banking required
- CAMS Certification preferred
- Strong skill set in the use of Microsoft Office Suite
- Ability to read and interpret general business periodicals, professional journals, and governmental regulations
- Ability to write clear and professional audit reports and business correspondence
- Ability to analyze information and produce audit report
COMPENSATION AND BENEFITS
Expected annual salary range is between $52,696 - $75,280 depending on experience and qualifications.
Benefits include Medical, Dental and Vision Insurance, Retirement (401k), Life & AD&D insurance, STD/LTD insurance, PTO, Volunteer Time Off, Paid Parental Leave, Pet Insurance and more. Visit www.sunrisebanks.com/about/careers/.
Salary : $52,696 - $75,280
