BSA Lead Analyst

Description

PRIMARY FUNCTION:

The BSA Lead Analyst assists the BSA Officer in maintaining all aspects of the Bank Secrecy Act/Anti-Money Laundering/OFAC Compliance Program which will be designed to ensure a high level of compliance with the BSA/AML/OFAC related laws and regulations, internal policies and procedures, and Federal regulatory expectations.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Maintain proficient knowledge of the rules and regulations, including but not limited to, proficient knowledge of the Bank Secrecy Act, USA Patriot Act and OFAC. Stay up to date and analyze developing industry and compliance trends, scams or schemes.
• Enhance, develop, implement, administer, and maintain the BSA/AML/OFAC/USA Patriot Act monitoring systems to ensure that appropriate parameters are in place to identify suspicious and/or fraudulent activity. Including, but not limited to, AML Model Validations and Fine-Tuning Calibration.
• Provide recommendations to the BSA Officer, and Management as necessary, to enhance and maintain compliant programs.
• Assist the BSA Department in maintaining an effective CDD/EDD and risk rating and monitoring program to include initial and ongoing assessments and reviewing and analyzing of unusual/suspicious account activity.
• Maintain appropriate Alert – Case - SAR investigation, review and reporting processes that promote consistent decisions; adequate investigation and research; and complete and detailed documentation.
• Assist with the completion of BSA/AML/OFAC risk assessments annually or as needed with consideration to products, services, customers, and geographies that may present BSA/AML/OFAC related risks.
• Assist with annually collecting report data required for the OCC Money Laundering Reporting System (MLR).
• Ensuring all required regulatory reporting is conducted in a timely, accurate, and compliant manner, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) to FinCEN, as well as FinCEN 314(a) and 314(b) procedures and reporting.
• Assist BSA Officer with Federal examinations, internal and external independent reviews or audits of the BSA/AML/OFAC compliance programs. Participate in response to exam and audit concerns and aid in overseeing corrective action of all related compliance deficiencies or violations related to BSA/AML/OFAC.
• Assist BSA Officer with updates and revisions to BSA/AML/OFAC policies and procedures.
• Assist BSA Officer with administration of BSA/AML/OFAC related training programs to Directors, Management, and Employees and provide BSA guidance and coaching to employees.
• Compliance with all government regulations including the Bank Secrecy Act and related regulations.

Qualifications

KNOWLEDGE AND EXPERIENCE REQUIRED:

• High school diploma or equivalent required.
• Minimum of three (3) years of prior financial institution experience focusing on BSA compliance.
• Extensive knowledge of Bank Secrecy Act/Anti Money Laundering/U.S. Patriot Act, OFAC Regulations.
• General knowledge and understanding of bank deposit operations, lending activities, and other related consumer banking and compliance functions.
• Team oriented individual with exceptional internal customer service skills.
• Proficient in Microsoft Office.
• Strict adherence to privacy and confidentiality.
• Experience in FISERV products/programs.
• Experience in Abrigo’s BAM software preferred.
• Ability to maintain independence and/or autonomy.
• Strong decision making, analytical, and investigative abilities with attention to detail and accuracy.
• Ability to communicate orally and visually.