BSA Analyst

Job Summary
We are seeking a detail-oriented and analytical, experienced BSA Analyst to join our team. The Bank Secrecy Act(BSA) Analyst will work under the direciton of the BSA Compliance Officer to ensure that the bank meets its regulatory responsibilitie. Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.

Job Duties and Responsibilities: Core duties and responsibilities include the following. Other duties may be assigned.

• High-Risk Account Monitoring (including Cash Intensive Businesses, Money Service Businesses and Marijuana Related Businesses)
• File initial/recurring Suspicious Activity Report (SARs)
• Review onboarding documentation for new high-risk customers
• Audit new accounts for all required Customer Identification Program (CIP)/opening documents
• Maintain high-risk customer files for records that are expired or recurring.
• Perform annual risk assessments.
• Perform annual Enhanced Due Diligence (EDD) reviews of high-risk customers.
• Monitor cash and transactional activity for high-risk customers.
• Investigate and disposition alerts generated via the AML platform.
• Review Red Flag alert scenarios.
• Process 314(a) and 314(b) requests
• Review OFAC fails for wires (through WireXchange and ACBB systems)
• Currency Transaction Report (CTR) review and monitoring to ensure accurate and timely filing & reporting.
• Maintain a current knowledge of BSA and all related Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC) regulations through internal and external training.
• Performs all other duties as assigned by Management as related to the Bank and its functions.

Job Skills:

• Fiserv Financial Crime Risk Management (FCRM) Software experience (or other similar BSA/AML software)
• Minimum 3 years previous experience in BSA Compliance or BSA Auditing
• Experience in bank deposit operations, lending activities or related compliance functions
• Excellent computer skills including Microsoft Word and Excel
• Excellent communication and interpersonal skills

Education and Experience:

• High School Diploma and/or equivalent
• Two to 3 years of experience in BSA/AML/OFAC and/or branch operations procedures/
• Excellent computer skills
• Detail oriented

We offer medical benefits, dental benefits, life insurance, 401K, paid vacation, personal and sick days.

Parke Bank is an Equal Opportunity Employer and participates in E-Verify.

Job Type: Full-time

Benefits:

• Employee assistance program
• Life insurance
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person