What are the responsibilities and job description for the BSA ANALYST position at MapleMark Bank?

Job Description

The BSA Analyst is a critical member of MapleMark’s Bank Secrecy Act / Anti-Money Laundering, CFT, USA Patriot Act, OFAC and related Compliance functions. This position reports to the BSA Officer and supports the effective implementation of the Bank’s AML / CFT Program. The position requires a basic understanding of BSA rules and practices. It also requires willingness to perform deep-dive analytical work that must be documented via heavy data entry in a timely fashion.

Essential Job Functions

Possesses a basic understanding of banking regulations with particular emphasis on Bank Secrecy Act, AML-CFT, OFAC, USA Patriot Act and related regulations;
Performs detailed reviews of transaction alerts and documents research in the AML monitoring system and related file directory;
Works with business units to investigate suspicious transactions;
Review CTR’s for accuracy prior to submission;
Researches and verifies OFAC matches in response to business unit inquiries;
Performs Customer Due Diligence and Enhanced Due Diligence reviews of prospective and existing clients as delegated by BSA Officer; prepares detailed reports of related investigation to ensure proper risk grading. This may include detailed review of a variety of onboarding and identifying documentation, online searches, dialogue with banking officers and other activities as directed by the BSA Officer. Prepares required reports and summaries of completed reviews.
Assists business units in performing client risk assessments;
Ensures consistency of standards, appropriate level of rigor and timeliness of ongoing monitoring activities;
Identifies and professionally escalates matters requiring management attention;
Contributes documentary evidence to suspicious activity cases for review by the BSA Officer;
Maintain highest standards of professional written and verbal communication;
Assists in compilation of necessary information, work papers and other documents for audits and examinations;
Performs additional duties as assigned by the BSA Officer.

Preferred Qualifications

Minimum of 1 year of related Compliance experience associated with BSA / AML and KYC tasks;

Bachelor's degree or BSA specialty certification is a plus;

Basic understanding of BSA, AML-CFT and OFAC principles and operations;

Basic understanding of USA PATRIOT Act and related regulations;

Strong written and verbal communication skills;

Attention to detail and ability to analyze and identify unusual activity;

Ability to maintain strict confidentiality working with customer sensitive information and PII data;

Recent banking experience is preferred including bank transaction monitoring systems, document imaging systems, and third party research tools, repositories or credit file systems.

Be a self-starter with ability to work independently;

Possess research acumen to obtain and identify relevant information and present results in a logical manner;

Possess strong PC proficiency to include Microsoft Office applications including Word, Excel, SharePoint, etc.;

Be familiar with the critical features of Checks and other negotiable instruments;

Possess the ability to continuously learn and to think outside the box.

Supervisory Responsibilities

None

Bank Culture / Customer Service Skills

Ability and judgment to interact and communicate appropriately with other employees, customers and supervisor. Ability to serve internal customers in a manner that will reflect superior customer relations and enhance the overall efficiency and effectiveness of the Bank.

Physical Demands

While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee must frequently lift and / or move up to 10 pounds and occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision and ability to adjust focus.

Work Environment

The noise level in the work environment is usually moderate.

This job description reflects management's assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned. The Bank shall, in its discretion, modify or adjust the position to meet the Bank’s changing needs. This job description is not a contract and may be adjusted as deemed appropriate in the Bank’s sole discretion.

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