BSA/AML Analyst - Non Remote Position

BSA/AML ANALYST

POSITION SUMMARY:

The BSA/AML Analyst will work closely with the BSA Officer, Assistant BSA Officer and other BSA Analyst(s). BSA/AML Analyst will be responsible in all aspects of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), USA Patriot Act, and Office of Foreign Assets Control (OFAC) compliance. Provide assistance in maintaining the BSA monitoring program, including but not limited to: new account worksheet reviews, including know your customer (KYC), alerts, customer identification program (CIP) compliance, customer due diligence (CDD), and conducting enhanced due diligence (EDD) reviews of higher-risk customer relationships, using industry standards and regulatory guidance to ensure the Bank’s compliance efforts are maintained, as well as investigation and analysis for completion of Suspicious Activity Reports (SARs), monitoring and testing of compliance with OFAC, and the Bank’s compliance with AML laws.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Perform/conduct Know Your Customer (KYC) and Customer Identification Program (CIP) reviews on all new customers, and/or Enhanced Due Diligence (EDD) reviews of existing high-risk customers in accordance with relevant laws, regulations, and Bank policies and procedures.
• Monitoring customer activity, including conducting investigations and completing written narratives including SAR filing recommendations.
• Utilizing all available internal/external systems to develop a comprehensive analysis.
• Review, update, and verify customer profiles over the course of the relationship, in the BSA/AML monitoring software, for accuracy and completion to maintain an appropriate risk-based program and reliable risk scoring system.
• Perform moderately complex investigations to identify Bank Secrecy Act issues such as money laundering, terror financing, internal/external fraud schemes, structuring, and illegal money service business activity.
• Review and investigate OFAC alerts for a determination of actual OFAC match or false match and respond to OFAC related questions from branches and various departments.
• Process Financial Crimes Network (FinCen) 314(a) list and reports back to FinCen any accounts for those that are on the 314(a) list.
• May assist with Currency Transaction Reporting (CTR), including daily review, processing, preparation and or filing of CTRs.
• Review and or approve international wires for compliance with BSA/AML and OFAC requirements.
• Assist during examinations and audits conducted by the regulatory authorities and external and internal auditors.
• Any other duties assigned to assist the BSA Dept. in fulfilling its duties for regulatory compliance with the Bank Secrecy Act.

QUALIFICATIONS:

A minimum of 3 years BSA/AML experience which would substantially demonstrate the following knowledge and abilities:

Comprehensive knowledge of:

• Banking policies and procedures, with specific focus on Bank Secrecy Act and OFAC regulations.
• Experience with high-risk industries, such as money services business (MSBs) and cannabis related business (CRBs) preferred.
• Understanding of teller transactions and how they are processed preferred.
• Internal control philosophies and regulatory compliance issues relating to branch banking.
• Computer hardware and software, with Fiserv Premier/Navigator knowledge a plus.

Ability to:

• Read, analyze, and interpret Federal, State and bank regulations and procedures.
• Maintain confidentiality of files and privileged information.
• Understand and follow complex written and verbal instructions.
• Establish and maintain effective relationships with those contracted in the course of work.
• Establish and maintain effective relationships with all levels of personnel, as well as outside customers and vendors.
• Be organized and detail oriented.
• Exhibit exceptional written and verbal communication skills, including accurate grammar and business correspondence

PHYSICAL DEMANDS

The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk and to hear. Employee frequently is required to sit for prolonged. Employee is occasionally required to stand; walk; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms, climb or balance, stoop, kneel, crouch or crawl.

• Employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and distance vision.

WORK ENVIRONMENT

Work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• While performing the duties of this position, the employee may be exposed to risk of electrical shock.
• The employee may occasionally be exposed to fumes or airborne particles and vibration.
• The noise level in the work environment is usually quiet to moderate.

OTHER SKILLS AND ABILITIES

· Working knowledge of Microsoft Office programs, i.e. Word and Excel, is required

• Ability to learn specific software applications
• Ability to obtain a working knowledge of the laws and regulations applicable to the job responsibilities
• Ability to research and analyze information to identify suspicious activity
• Must be a self-motivated and detail oriented individual able to complete tasks with a high degree of accuracy
• Ability to handle multiple tasks

· Ability to organize and prioritize work, and to meet deadlines.

· Strong teamwork and team leadership skills. Ability to work effectively within a team during larger projects to ensure all objectives have been achieved

· Strong negotiation, presentation and communication skills, whether written or oral. Ability to apply and share specialized knowledge and train others on new processes and policies.

· High tolerance for and focused approach to resolving vague issues

· Ability to perform research and analysis of regulations and form conclusions that can be precisely communicated

· Must be professional in appearance and demeanor at all times

· Committed to excellence and high standards

· Ability to understand sensitive data and to maintain confidentiality

· Must be able to report to work each day on time

· Overtime hours may be required from time to time·

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

EEO/AA/M/F/Vets/Disability

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Application Question(s):

• Do you have a minimum of 3 years BSA/AML experience?

Experience:

• Microsoft Office: 2 years (Preferred)
• Banking: 3 years (Required)

Ability to Relocate:

• Clarksville, TN 37040: Relocate before starting work (Required)

Work Location: In person