Bank Secrecy Act Analyst, 3

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The incumbent is responsible for conducting complex reviews of customer and transactional information and taking appropriate actions to mitigate risk to the bank.  Duties include compiling, monitoring, and reporting of customer and account information regarding the Bank Secrecy Act and related laws and regulations.  In addition, the incumbent is responsible for analyzing transactional data for suspicious activity as defined by the Bank’s Bank Secrecy Act and Anti-Money Laundering policies.  The BSA Analyst 3 also provides support to the management team in overseeing the day to day operations of the department and interacts with account officers, management, the Legal Department, Corporate Security, auditors, examiners, and clients of the bank.  The incumbent must be able to work with a high degree of autonomy and minimal oversight, and effectively execute on job responsibilities and BSA department initiatives.

• Incumbent’s responsibilities may be dependent on the functional area in which they perform their respective job duties.
• Examines reports to determine if situations meet the established criteria for investigating suspected fraudulent or problem accounts.
• Conducts analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity.
• Analyzes and disseminates sensitive information concerning the suspicious activities of groups, businesses, and individuals.
• Conducts investigations of suspect account activity using the Bank’s resources (i.e., system software, reports, databases, and system applications).
• Prepares research documentation and officer communications for investigations for the Enhanced due diligence reviews.
• Completes internal metrics for the quarterly oversight committee package
• Exercises solid judgment while examining, identifying, and documenting suspicious account activity behaviors and patterns.
• Maintains a high degree of professional competence in the area of the Bank Secrecy Act activities and investigations through self-study, seminars, and professional organizations.
• Performs problem solving and logical analysis of complex activities related to the Bank Secrecy Act.
• Assists in the development and implementation of new methods, processes, and procedures to make daily operations more efficient.
• Composes internal memos, communications, and reports detailing analysis results and findings.
• Works in cooperation with the bank personnel, corporate security and regulatory authorities.
• Prepares thorough documentation and forms for Suspicious Activity Reporting (SARs) referrals when necessary.
• Distributes SAR data to various departments for internal review.
• Maintains detailed documentation on each case file including all communications between business units and/or customers and documentary support of findings.
• Effectively maintains High Risk Customer Unit records, files, spreadsheets, cases, and related documentation.
• Ensures business account customers the appropriate North American Industry Classification System (NAICS) codes to classify business establishment for risk evaluation purposes.
• Complies with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act and related laws and regulations.
• Incumbent may have access to cash, customer accounts, and/or sensitive and confidential information.
• Assists the BSA High Risk Customer management team with ongoing development of the High Risk Customer Program, Enhanced Due Diligence procedures and forms.
• Assigns Enhanced Due Diligence reviews, BSA document requests, etc. to appropriate team members.
• May work with account officers and branch managers to resolve outstanding CIP exception issues and/or close accounts for non-compliance.
• Assists with editing and updating departmental procedures.
• Performs all other duties and special projects as assigned.
• Assists other bank departments as needed in order to develop effective processes and better serve bank customers.
• Develops and/or delivers BSA/AML training materials for department and Bank wide use.

None

• High school diploma or general education degree (GED); Bachelor’s Degree preferred
• 5 years of experience involving BSA/AML operations
• Certified Anti-Money Laundering Specialist (CAMS) is preferred
• High-level understanding of a number of functional areas; Credit, Finance, Compliance, Legal, Retail and Wholesale Banking
• Multi-state knowledge of laws, regulatory requirements, and compliance rules
• Strong written and verbal communication skills
• Ability to communicate with a variety of audiences and multiple levels of management including senior leadership, line of business managers, and external entities such as federal examiners and external auditors
• Self-starter with strong organizational skills
• Ability to multi task and prioritize workload in a fast paced environment
• Strong analytical, problem solving and conceptual skills

• Ability to work under stress
• Ability to operate related equipment to perform the essential job functions
• Ability to read and interpret documents required to perform the essential job functions
• Ability to travel if required to perform the essential job functions
• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions.  If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers.  All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.