The BSA Analyst is responsible for monitoring and investigating all activities that may be considered suspicious according to BSA/AML guidelines and regulations. The BSA Analyst supports the Bank's mission to identify, monitor, investigate, and report suspicious activity relating to fraud, money laundering, OFAC concerns, or other suspected violations of law.
Reports to the BSA Manager
Responsibilities:
Monitors Verafin AML and Watchlist modules, including alerts and system reports, referrals from departments of the bank, and other means to identify suspicious activity relating to money-laundering, identity theft, compliance violations or other suspected violations of law.
Conducts timely analysis and investigations of alerts and anomalous transactions to identify potential suspicious or fraudulent activity and identity theft. Takes action to mitigate exposure and conducts follow up with appropriate business units and/or Risk Management to curtail future occurrences of suspicious/fraudulent activity.
Assists Bank customers, employees and law enforcement agencies regarding investigations of suspicious activity or potential fraudulent transactions. Provides comprehensive and timely information as requested.
Performs actions to ensure compliance with the Bank Secrecy Act, US Patriot Act, or any other regulation/law governing suspicious activity, including filing complete and accurate Suspicious Activity Reports.
Assists in the monitoring and investigating of OFAC and other watchlist concerns.
Takes a proactive role in investigating actual or apparent violations of policies or procedures by identifying the cause of noncompliance and, if appropriate, recommends changes to policy, procedures, or practices.
Adjusts customer parameters within Verafin to account for changes in customer behaviors and conducts customer high risk reviews to ensure the system is performing optimally.
Assists with reviewing documentation obtained at account opening on new customers to ensure documentation is complete, accurate and the customer has been appropriately risk rated.
Recommends changes and/or enhancements to management regarding BSA, Fraud and Bank wide policies and procedures.
Participates in and/or conducts ongoing training sessions for bank personnel in the areas of suspicious activity and fraud prevention.
Assists branches in answering questions regarding all aspects of the Bank Secrecy Act.
General:
Interacts harmoniously and effectively with others, focusing upon the attainment of bank goals and objectives through a commitment to teamwork.
Assists in ensuring that the Bank is in compliance with local, state and federal regulations.
Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook.
Competencies:
Adaptability/Flexibility - Adapts to change, is open to new ideas, takes on new challenges, handles pressure, and adjusts plans to meet changing needs.
Initiative - Takes independent action, operates as a pro-active self-starter, and acts on opportunities, practices self-development.
Integrity/Ethics - Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, and conveys news good or bad.
Interpersonal Skills - Has excellent communication skills, both written and verbal as well as the ability to exhibit active listening skills and being open other viewpoints, perspectives, etc.
Vision/Values - Supports company mission/values through daily actions and decisions, communicates the Bank's vision, mission and values to others, incorporates vision when planning.
Knowledge/Skills/Experience Requirements:
College degree required, related business/professional and/or banking experience preferred
Minimum of three years banking experience required
ACAMS certification preferred
Microsoft Word, Outlook, and Excel proficiency
High degree of analytical skills and the ability to handle complex problems
Exhibits professionalism in handling multiple tasks in a fast paced-environment
Organized, sets priorities, and meets deadlines
Strong communications skills, both verbal and written
Excellent customer service skills required
Attention to detail, emphasis on accuracy
Ability to work with little supervision
Physical Demands/Conditions Requirements:
General office environment.
Moderate lifting (to 35 lbs.) required. Moderate reaching, walking, sitting and standing required.
Equipment Used:
General office equipment.
External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.
At Bangor Savings, we understand the importance of continuing to nurture an internal culture of excellence for each of our employees. We offer internal and external training to assist our employees in realizing their career aspirations including internships, lateral training, management training, and tuition reimbursement.
We also offer a unique set of benefits designed to support our employees in living their best life and achieving their goals. Our holistic health and wellness programs allows each employee to customize their approach to well-being. And our pay, rewards, recognition, and incentive programs ensure that they are well-compensated for a job well-done.
At Bangor Savings Bank, the work our employees do each and every day allows us to deliver on our promise to make a difference in the lives of people in New England in a way that really matters.
Bangor Savings Bank provides equal employment opportunities to all applicants and employees without regard to race, color, religion, gender, sexual orientation, age, national origin or any other class protected under state or federal law and affirmatively seeks to advance the principals of equal employment opportunity. In addition, the Bank is committed to providing equal employment opportunities to qualified persons with disability, veterans, and/or disabled veterans. No question on this application is intended to secure information to be used for such discrimination, this application will be given every consideration, but its receipt does not imply that the applicant will be employed. This application will remain active for a period of 90 days. If, after such time, you still wish to be considered for employment, you must reapply. Bangor Savings Bank does provide workers compensation coverage for employees injured on the job. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
