BSA Analyst

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Description

About Us

Join Dogwood, a North Carolina state-chartered community bank named as a Best Employer in North Carolina for multiple consecutive years! Dogwood has had immense success in recent years with a passion for serving our customers and communities. As a vital asset to Dogwood, our team members play a crucial role in delivering exceptional financial services through our branches and online offerings across the Carolinas. With deep roots in the communities we serve, we pride ourselves on being an employer of destination. At Dogwood, our core values of love and respect shine through in every aspect of our work. We are a dedicated team, committed to making a meaningful impact on the lives of our customers and communities.

Position Summary

We are seeking a detail-oriented and analytical BSA/AML Analyst to join our compliance team. This role involves monitoring, investigating, and reporting suspicious activity in compliance with BSA/AML regulations, OFAC requirements, and the USA PATRIOT Act. The analyst will leverage technology, such as Verafin, to enhance the bank's compliance capabilities. This position requires a strong understanding of banking operations, regulatory guidance, and industry’s best practices. The analyst will play a key role in identifying and mitigating risks, conducting investigations, and ensuring the bank's compliance program remains effective and up to date.

Requirements

Key Responsibilities

• Utilizes Verafin and other monitoring systems to identify and investigate suspicious activity.
• Conducts Enhanced Due Diligence (EDD) reviews on high-risk customers and transactions.
• Prepares and files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).
• Analyzes financial data to detect patterns of money laundering, fraud, or other financial crimes.
• Ensures compliance with BSA, AML, USA PATRIOT Act, OFAC, and other applicable regulations.
• Collaborates with internal departments to ensure consistent adherence to regulatory requirements.
• Maintains current knowledge of regulatory changes, industry trends, and emerging risks.
• Participates in ongoing BSA/AML training and professional development.
• Develops and revises policies, procedures, and training programs related to BSA/AML compliance.
• Conducts risk assessments and implements corrective actions to mitigate identified risks.
• Maintains an effective Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) program.
• Performs customer and transaction analytics.
  
  

Additional Responsibilities

• Adheres specifically to all Bank policies and procedures, Federal and State regulations and laws.
• Responsible for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
• Performs other duties as required.
  
  

General Qualifications

• Bachelor’s degree or equivalent experience.
• 2 years of experience in a BSA/AML compliance role, preferably within a financial institution. 5 years preferred.
• Proficiency with Verafin preferred.
• CAMS certification preferred or willingness to obtain. Other relevant certifications (ACAMS, ACFE, CRCM) considered.
• Strong knowledge of BSA/AML regulations, risk assessment, and investigative techniques.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Strong attention to detail and ability to handle confidential information.
• Ability to work independently and as part of a team.
• Proficiency with Microsoft Office Suite.
• Wherewithal and flexibility to undertake new functions and tasks as compliance risk and the bank evolves and grows.
• Must possess strong analytical and problem-solving skills with ability to gather, organize, and interpret data.
• Strong attention to detail with an investigative approach.
• Excellent oral and written communication skills.
• Interpersonal skills coupled with excellent leadership skills.
• Organizational skills with excellent time management skills.
• Ability to convert legal regulatory concepts to simple, relevant business requirements.
• Ability to provide prompt and appropriate guidance to managers with respect to regulatory and compliance issues.
  
  

Physical & Mental Demands

Vision, hearing, speech, movements require the use of wrists, hands and/or fingers. Must be able to sit, stand, stop, bend and lift up to 50 pounds. Must have the ability to work the days and hours required to fulfill the essential functions of the position. Quick thinking, adaptability and exercise discretion when necessary.