BSA Analyst

This position is responsible for performing various duties, tasks, and responsibilities in assisting the BSA and Risk Management team in the day-to-day functions of the BSA Department.

QUALIFICATIONS:

• Bachelor’s degree preferred or equivalent experience in banking.
• BSA Certification Preferred or equivalent experience in banking.
• Must be able to effectively coordinate and organize work duties.
• Ability to establish and maintain effective working relationships with Senior Management, other departments, outside service-related agencies and vendors.
• Self-starter with initiative and intellectual curiosity.

ESSENTIAL JOB DUTIES:

• Assist the BSA Officer in overseeing all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) program management.
• Review alerts generated from the Bank’s BSA software daily for any BSA, AML, or OFAC for any violations or fraudulent activities.
• Perform detailed investigations into suspicious activity by gathering adequate information from reports to assist in decision making on whether to report and file to Financial Crime Enforcement Network (FINCEN)
• Ensure the maintenance of accurate and complete records on the Bank’s high risk customers including documentation of enhanced monitoring.
• Write Suspicious Activity Reports (SAR) and Currency Transaction Reports (CTRs) for various types of fraudulent activities.
• Conduct thorough audit on high-risk business/individual accounts daily for financial criminal activity.
• Regularly review the Office of Foreign Assets Control (OFAC) sanction list against the customer database to ensure compliance within regulatory requirements.
• Prioritize and execute daily Bank Secrecy/Anti-Money Laundering (BSA/AML) monitoring procedures to ensure the bank’s compliance with U.S. Patriot Act.
• Assist the BSA Officer with monitoring policies, procedures, and processes of BSA for compliance with laws and regulations.
• Communicate and train peers annually through presentations on fraudulent/money laundering scenarios that could possibly occur within our own financial institution.
• Meet established department goals with minimal supervision; update supervisor/leader on all major projects, employee issues and goal progress.
• Participate in special projects and assignments and performs other duties as assigned.

PRINCIPAL CONTACTS:

• BSA Officer and team
• Compliance team
• Risk Management team
• Customers
• Employees

PHYSICAL CHARACTERISTICS:

• Equipment Used: Computer and Printer, Telephone, Copier.
• Physical Criteria: Sitting for extended periods of time, bending, lifting 5-10 Pounds. Must be able to adequately hear and verbally communicate with customers, both face-to-face and over the telephone.
• Job Environment: Located in Little Rock with travel necessary between various branches, usually on day trips.