BSA Analyst

NewtekOne, Your Business Solutions Company, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Newtek Bank, N.A. is looking to add a BSA Analyst to the team.

This BSA Analyst responsible for supporting the compliance department with the day-to-day administration of the Bank's financial crimes program, established procedures and internal controls. This position may function in more than one of the following areas: reviewing CDD information for new and existing customers, performing EDD on high risk customers, decisioning automated monitoring BSA alerts, escalating appropriate alerts for investigation, documenting the outcome of the investigation; preparing and filing required regulatory reports (SARs/CTRs) to FinCEN; identifying and investigating incidents of suspicious activity including but not limited to money laundering and/or terrorist financing.

As a BSA Analyst, you will:

• Reviews the Bank's automated monitoring software's BSA alerts on a daily basis to determine if potential suspicious activity has occurred and if further investigation and escalation to the Bank's business lines for further investigation and transaction decisioning is warranted.
• Prepare and complete Currency Transaction Reports (CTRs) for filing with FinCEN.
• 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.
• Compiles BSA cases for SAR reporting to FinCEN and law enforcement.
• Monitor potential OFAC and/or 314(a) matches and take appropriate action to escalate them when necessary.
• Assists in providing BSA/AML and OFAC related training to Bank business units as assigned and directed.
• Assesses automated BSA/AML and OFAC mitigation system parameters and automated transaction monitoring system parameters and makes recommendations to adjust based on identified trends.
• Investigates and assists in responses to law enforcement requests related to bank investigations.
• Provides guidance to business lines with regards to BSA/AML and OFAC risk related to new products and services, including digital products and services.
• Handle any other duties or special projects as assigned by BSA Officer.

Knowledge, Skills & Abilities:

• Working knowledge of bank operations, policies, and procedures, with ability to research, analyze and recommend policy and procedural enhancements.
• Working knowledge of BSA/AML/OFAC and financial crimes banking laws, regulations, operations and procedures.
• Strong analytical capability and the ability to identify potential concerns, recommend operational improvements to management and initiate action.
• Excellent communication (verbal and written), organizational, and follow-up skills.
• Must exhibit the ability to work both independently and in a team oriented environment.
• The ability to negotiate and collaborate with others, initiate action, adapt to change and accept challenging assignments is essential.
• Experience in utilizing a transaction monitoring tool, research/investigative databases, and software; applications to analyze and detect transactional patterns and trends;
• Proficiency in Microsoft Office suite software, including but not limited to Excel, Word, PowerPoint, and Outlook, as well as Teams. Knowledge of Alloy solutions is a plus.

Education & Certification Requirements:

Three years of financial crimes experience at a financial institution or as a consultant or regulator.

Professional designation as a Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS), or Certified AML and Fraud Professional (CAFP) preferred.

Bachelor's Degree required (may consider commensurate work experience)

Salary Range: $60,000 - $80,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.