BSA Analyst I - Glenville, NY

Trustco Bank • Schenectady, NY • 4h ago

BSA Analyst I

Reports to: Vice President of BSA

FLSA Status: Non- Exempt | Supervisory Role: No

Why Join Us?

At Trustco Bank, we're committed to fostering a supportive and inclusive workplace where our employees can grow their careers. We believe that our people are our greatest asset and consider our employees as family. We value each team member's contribution and offer a supportive, collaborative work environment. Join a forward-thinking financial institution committed to integrity, compliance, and professional growth. Be part of a dedicated team that values innovation, accountability, and excellence.

Embark on your compliance career journey with Trustco Bank-where your expertise makes a difference.

We believe that investing in our employees means investing in the future of our company. As a valued team member, you will be eligible for a generous compensation and benefits package that includes: medical, dental and vision insurance, a health savings account with an annual employer contribution, a 401(k)-retirement plan with generous employer match, paid time off plus 11 paid federal holidays, training and professional development programs, tuition reimbursement, reduced fees and rates on certain loan products, and much more!

About the BSA Analyst Role

The BSA Analyst position is responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal activity. The BSA/AML program includes currency transaction reports (CTR), Office of Foreign Assets Control (OFAC), Suspicious Activity Reports (SAR), Customer Identification Program (CIP) and Customer Due Diligence (CDD).

Key Responsibilities

Researches, analyzes and investigates alerts generated by transaction monitoring reports for money laundering; BSA violations, terrorist financing and other financial crimes then makes a recommendation as to whether or not a SAR should be completed.

Performs 90 days SAR follow up reviews; makes a recommendation as to whether or not a continuing activity SAR should be filed.

Tracks CTR filings based on monitoring reports and ensures CTRs are sent within the regulatory deadline of 15 days.

Monitors customers on the CTR exempt list on an annual basis.

Completes enhanced due diligence (EDD) reviews including research, gathering documents, drawing conclusions, composing a narrative, and determining the risk rating and follow up needed.

Monitors potential OFAC matches, acts as a dual control for OFAC processing and provide a knowledgeable resource for staff of other departments.

Examines branch administration, retail lending, and commercial loans to ensure CIP requirements are met and that they have been properly entered into the banking system.

Continues to building proficiency of BSA techniques and AML principles by attending internal training, external training, and completion of continuing education courses.

This job description is not exhaustive; duties and responsibilities may change at any time with or without notice.

Qualifications

Required

A bachelor's degree in a business-related field and/or one years' experience or equivalent level of education and experience.

Effective verbal and written communication skills.

Well organized with the ability to manage multiple tasks and work to time sensitive deadlines.

Ability to work well independently and in groups.

Working knowledge with Microsoft Office Programs; Excel and Word.

Access to reliable transportation

Preferred

CAMS Certification

Working knowledge of FCRM Software

Schedule

Full-time position. Monday - Friday, 8:30 AM - 5:00 PM

Physical Demands:

Primarily sedentary; includes use of standard office equipment.

Equal Employment Opportunity Statement:

Trustco Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, marital status, genetic information, disability, or protected veteran status. This includes, but is not limited to, the following:

Hiring, placement, upgrading, transfer, demotion or promotion Recruitment, advertising or solicitation for employment Treatment during employment Rates of pay or other forms of compensation Selection for training, including apprenticeship Layoff or termination

It is the policy of Trustco Bank to cooperate to the fullest extent with the applicable regulations of the Civil Rights Act and any legislation on Equal Employment Opportunity.

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