What are the responsibilities and job description for the BSA Junior Analyst position at First Bank - NJ?
Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.
We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank's 401k Plan.
Position Summary:
This position is responsible for daily tasks of the BSA/AML Program to ensure compliance with BSA/AML policies, procedures, and applicable regulations. The BSA/AML program includes Currency Transaction Reports (CTRs), Office of Foreign Asset Control (OFAC), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD), and Customer Identification Program (CIP).
Duties & Responsibilities:
- Assist with the alert workload and the monitoring for suspicious patterns/activity, conduct suspicious activity report investigations, as well as high risk customer/account reviews, and recommend when to file and not file Suspicious Activity Reports (SARs).
- Assist in the compliance of 314(a) and 314(b) responsibilities.
- Conduct enhanced due diligence reviews which entail research, the gathering of documents, composing well written narratives, making appropriate recommendations, and assigning appropriate risk factors.
- Escalate any alert or reported unusual activity to a case for further investigation.
- Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the regulatory deadline of 15 days.
- Assist branches with potential OFAC matches and take appropriate action to escalate them when necessary.
- Ensure proper identification and adherence to the Bank's BSA Program including, but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.
- Log and review all Identity Theft Red Flag incidents received and determine if investigations are warranted.
- Coordinate with multiple departments to ensure all Identity Theft Red Flag incidents have been reported to BSA for tracking and investigative purposes
- Perform other duties as assigned.
Qualifications
- Strong analytical skills to define problems and propose solutions.
- Computer literate; fluency in Microsoft Office programs
- Effective oral and written communication skills.
- Strong problem-solving, negotiation & follow-up skills.
- Experience with Verafin or other BSA monitoring software- preferred not required
First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.
Job Type: Full-time
Pay: $40,000.00 - $50,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Paid time off
- Referral program
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Work Location: In person
Salary : $40,000 - $50,000
