BSA & AML Analyst

POSITION: BSA AML Analyst

Objective:

1. To perform all assigned duties in relation to BSA, AML, and OFAC compliance activities within the Bank.

1. To ensure that high quality is delivered in accordance with established policies and procedures.

1. To ensure that any exceptions are immediately notified to the BSA Compliance Officers.

1. To ensure that all staff are cognizant of their compliance duties.

1. To ensure compliance with all applicable regulations, laws and the Bank’s BSA/AML Policies and Procedures.

1. To ensure knowledgeof the Bank’s BSA, AML, and OFAC policies and procedures.

Reporting:

Staff’s hierarchical and functional reporting is to the Assistant BSA AML Compliance Officer

Essential Duties and Responsibilities:

Day-to-day required activities

Monthly Transaction Monitoring (Low and ModerateRisk Rated Accounts):

1. Review and document monthly monitoring exception for Low and Moderate, risk rated accounts.
2. Create recommended monitoring thresholds in the unusual activity monitoring system and submit it for approval.
3. Test accounts against risk model and adjust risks accordingly
4. Generate inquiries for activity that is inconsistent with account activity and cannot be readily cleared without additional due diligence.
5. Submit inquiries to corresponding Account officer.

Rules Based Monitoring Exceptions:

1. Review Rules Based Alerts in order to identify unusual or suspicious activity.

1. Reviews are generated weekly, monthly, and quarterly and due within a week of being generated.

1. Transaction sampling must be sufficiently ample to make a reasonable determination that activity is not unusual or that further due diligence is required.
2. A conclusion as to the reasonableness of the group of accounts reviewed must be included within the generated alert.
3. Generate inquiries for activity that is inconsistent and cannot be readily cleared without additional due diligence.
4. Send inquiry to corresponding Account officer.

CTR Quality Review and Filing:

1. Review cash aggregation reports and liaison with branch personnel in order to ensure timely completion of CTRs if applicable.
2. Review CTRs for quality and completion as outlined in FinCEN guidanceand CTR procedures.

1. Submit CTRs to FinCEN via the E-filingsystem.

1. Maintain CTR log including new filings, acknowledgements, and confirmations.

Account Opening Documentation Review (Support Function):

1. Provide support to the BSA AML OFAC Documentation Specialist for duties related to account opening, and account maintenance.

Periodic Reviews:

1. Conduct periodic reviewsin order to identify unusualor suspicious activity.

1. Reviews are due weekly, monthly, andquarterly and shouldbe complete within a week of being generated.

1. Transaction sampling must be sufficiently ample to make a reasonable determination that activity is not unusual or that further due diligence is required.

1. A conclusion as to the reasonableness of the group of accounts reviewed must be completed and documented with the review.

Research:

1. As needed, assist the Compliance Officers with researchrequests, including legal and transactional file retrieval and review.

Report Preparation:

1. Assist the Compliance Officers and Head of Compliance in collecting data and preparing reports as needed.

Special Projects:

1. Assist the Compliance Officers and Head of Compliance on special projects as needed.
2. Performs other dutiesas necessary.