Job Summary:
The Bank Secrecy Act (BSA) Analyst plays a key role in supporting the bank's compliance with anti-money laundering (AML) regulations, including the Bank Secrecy Act and the USA PATRIOT Act. The primary purpose of this position is to assist the BSA Officer in ensuring adherence to the bank's BSA/AML compliance program. The analyst is responsible for conducting BSA/AML investigations, due diligence, and tracking related activity, as well as analyzing alerts and incidents generated through the Verafin transaction monitoring system for unusual or suspicious activity. Additional responsibilities include performing deposit account quality control (QC) reviews and reviewing and verifying Customer Identification Program (CIP), Customer Due Diligence (CDD), and Know Your Customer (KYC) documentation to ensure compliance with regulatory requirements. The analyst also assists branches affected by BSA compliance issues and regulatory requirements, supports the preparation of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs), and maintains accurate and complete documentation. The role requires effective interpersonal, verbal, and written communication skills. This is a full-time, in-office position that provides critical support to the bank's efforts in financial crime prevention and regulatory compliance.
Duties/Responsibilities:
Monitor daily transactions and alerts using Verafin to identify patterns of unusual or suspicious activity.
Conduct and document BSA/AML investigations, including analysis of potential suspicious activity.
Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) accurately and in a timely manner.
Review CTRs for accuracy, make necessary corrections, and ensure proper filing with FinCEN.
Perform ongoing Customer Identification Program (CIP), Customer Due Diligence (CDD), and Know Your Customer (KYC) reviews to ensure compliance with regulatory requirements.
Assist the BSA Officer with CIP reviews and related documentation.
Monitor High Risk Customer (HRC) accounts to ensure documentation is current and conduct account activity analysis for risk indicators.
Perform deposit account quality control (QC) reviews to ensure adherence to internal policies and regulatory standards.
Assist branches affected by BSA compliance issues and regulatory requirements, providing guidance and support.
Maintain detailed and organized documentation of investigations, reports, and due diligence reviews.
Support internal and external audits and regulatory exams by providing requested documentation and responses.
Participate in required BSA/AML/OFAC compliance training and remain current on regulatory updates.
Assist in 314(a) record search and maintaining record retention.
Demonstrate effective interpersonal, verbal, and written communication skills to collaborate with internal teams and external stakeholders.
Use Microsoft Excel and other tools to manage data, perform analysis, and support reporting requirements.
Be aware of and support the Bank's efforts in meeting the Community Reinvestment Act (CRA).
Helps promote a culture of regulatory compliance and safe and sound financial practice
Perform all other duties as assigned by the BSA Officer or Compliance leadership.
Required Skills/Abilities:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Promote a respectful and collaborative work environment that supports a culture of compliance.
Excellent written and verbal communication skills.
Self-motivated/takes initiative
Strong understanding of BSA, AML, USA PATRIOT Act, and OFAC regulations.
Strong analytical and investigative skills with attention to detail.
Strong customer service orientation with a willingness to place the customer first.
Outstanding organizational and time management skills.
Proficiency with computers and computer systems/programs.
Ability to effectively work independently on multiple projects simultaneously, managing time and resources to ensure that work is completed efficiently and within established timeframes.
Ability to effectively verbalize ideas and respond to questions from a group of peers, customers, other staff members.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to complete rate disclosures, ratios, and percentages, and to create and interpret statistical information and graphs.
Ability to solve practical problems and deal with a variety of situations.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Preferred Skills:
Experience working with transaction monitoring systems, preferably Verafin.
CAMS (Certified Anti-Money Laundering Specialist) or other relevant compliance certifications.
Prior experience preparing and filing SARs or CTRs.
Experience working in a BSA/AML or Compliance role within a financial institution.
Familiarity with FinCEN reporting systems or regulatory exam preparation.
Education and Experience:
High school degree or equivalent experience in a related field. Minimum of 2 years or more of experience in banking with preference for experience in Bank Operations. In-depth experience and understanding of financial institution products and services, applicable laws and regulations.
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of those jobs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit for prolonged periods of the workday; use their hands and fingers; reach with hands and arms; talk plainly and hear accurately. The employee frequently is required to walk. The employee is occasionally required to stand; reach with hands and arms; climb and balance; and stoop, kneel and crouch. The employee must regularly lift and/or move up to ten pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision and the ability to adjust focus.
Travel Requirements:
Travel to other locations or areas may be required at times.
BNG provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any @type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
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