What are the responsibilities and job description for the BSA/AML/OFAC Analyst position at Gulf Coast Bank & Trust?
Description
Summary
The Bank Secrecy Act (BSA) Analyst is charged with the responsibility of assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers’ accounts and the subsequent filing of suspicious activity reports as required under the Bank Secrecy Act and the Bank’s BSA/AML Compliance Program and Procedures.
Responsibilities
- Responsible for identifying potentially unusual activity and customer account behavior identified through transaction analysis, ongoing monitoring, and negative media searches though the disposition of alerts generated by the Bank’s transaction monitoring system.
- Provide recommendations for filing of suspicious activity reports (SARs) as needed and ensure complete documentation is secured and maintained as required by law.
- Assist with high-risk customers as needed.
- Work with front line staff to obtain information that would be helpful during the alert assessment and analysis.
- Assist coworkers/frontline staff with customer identification, customer due diligence, beneficial ownership, and OFAC requirements.
- Review PEP and Sanction alerts for potential matches and conduct research as required.
- Stay current with money laundering and terrorist financing behaviors, trends, patterns and typologies.
- Stay current with rules, laws and regulations (BSA / AML / OFAC).
- Recommend account closures as warranted under the account closing procedures set forth in the Bank’s BSA/AML Compliance Program and Procedures as directed by the BSA/AML Officer.
- Provide other assistance as requested by the BSA/AML Officer in the daily responsibilities of managing the Bank's BSA/AML Compliance Program.
- Efficient and effective time management skills.
- Ability to work independently and collaboratively in a fast-paced environment.
- Other duties as assigned.
Requirements
Skills/Experience/Education
- High School diploma required; some college preferred.
- Previous BSA or compliance experience preferred.
- Strong computer skills required.
- Strong analytical & critical-thinking skills.
- Excellent written and oral communication skills.
- Attention to detail.
- Ability to meet deadlines.
Essential Mental & Physical Requirements
- Ability to travel if required to perform the essential job functions.
- Ability to work under stress and meet deadlines.
- Ability to read and interpret a document if required to perform the essential job functions.
- Prolonged periods of sitting at a desk and working on a computer may be required.
- Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.
