What are the responsibilities and job description for the Banking BSA Analyst position at Blake & Associates Recruiters?
Well established New Jersey based Community Bank is seeking BSA Analyst,for the South Jersey Market.
Duties: will work under the direction of the BSA Compliance Officer to ensure that the bank meets its regulatory responsibilities. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
Responsibilities:Core duties and responsibilities include the following: High-Risk Account Monitoring (including Cash Intensive Businesses, Money Service, Businesses and Marijuana Related Businesses): File initial/recurring Suspicious Activity Report (SARs), Review onboarding documentation for new high-risk customers, Audit new accounts for all required Customer Identification Program, (CIP)/opening documents, Maintain high-risk customer files for records that are expired or recurring, Perform annual risk assessments, Perform annual Enhanced Due Diligence (EDD) reviews of high-risk customers, Monitor cash and transactional activity for high-risk customers.
Investigate and disposition alerts generated via the AML platform, Review Red Flag alert scenarios, Process 314(a) and 314(b) requests, Review OFAC fails for wires (through WireXchange and ACBB systems), Currency Transaction Report (CTR) review and monitoring to ensure accurate and timely filing & reporting, Maintain a current knowledge of BSA and all related Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) regulations through internal and external training, Performs all other duties as assigned by Management as related to the Bank and its functions.
Requirements: The ideal candidate will have: Fiserv Financial Crime Risk Management (FCRM) Software experience (or other similar BSA/AML software), Minimum 3 years previous experience in BSA Compliance or BSA Auditing, experience in bank deposit operations, lending activities or related compliance functions, Excellent computer skills including Microsoft Word and Excel, Excellent communication and interpersonal skills. Along with: High School Diploma and/or equivalent, Two to 3 years of experience in BSA/AML/OFAC and/or branch operations procedures. Excellent computer skills and be Detail oriented.
Candidates should have: Prior experience withcompetitors such as Ocean Bank, TD Bank, Fulton Bank, Parke Bank, Bank of America is preferred.
Compensation: Salary is commensurate with the candidate’s experience and expertise, 60K to 65K D.O.E. Possible annual bonus. Excellent PAID benefit package, Medical, Dental benefits, Life insurance, 401K, Paid vacation, Personal and sick days. Please specify position you are responding as we have several opportunities posted on various sites, also provide cover letter expressing your interest in this position and anything and everything that you have done in your past work history that is a match to the position. 609.645.3330 Ed Blake, Finance/Banking recruiter
Job Type: Full-time
Pay: $60,000.00 - $65,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Life insurance
- Vision insurance
Schedule:
- Monday to Friday
Ability to Commute:
- Barnsboro, NJ 08080 (Preferred)
Ability to Relocate:
- Barnsboro, NJ 08080: Relocate before starting work (Preferred)
Work Location: In person
Salary : $60,000 - $65,000