BSA Analyst (74345)

Description

GENERAL FUNCTION:

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 Bank from being used as a conduit for illegal activity. The BSA/AML program includes Currency Transaction Reports (CTRs), Office of Foreign Asset Control (OFAC), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD), and Customer Identification Program (CIP).

ESSENTIAL FUNCTIONS:

Bank Secrecy Act (BSA) Analyst

• Assist with the alert workload and the monitoring of suspicious patterns/activity and fraud, conduct suspicious activity report investigations, as well as high risk customer/account reviews, and know when to escalate for potential Suspicious Activity Reports (SARs) to be filed. May assist in the filing of SARs when necessary.

• Conduct enhanced due diligence reviews which would entail research, the gathering of documents, composing professionally written narratives, making appropriate recommendations, and assigning appropriate risk factors.

• Perform 90-day SAR follow up reviews; recommending whether continuing activity SAR should be completed.

• Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC regulatory requirements.

• Monitor daily wire notifications from Converge and WireXchange for potential OFAC matches and take appropriate action to escalate them when necessary. In addition, complete OFAC searches for HR (new hires) as required.

• Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within the regulatory deadline.

• Assist in managing requests for information as directed, including for the compliance of 314(a) and 314(b) responsibilities, etc.

• Ensure proper identification and adherence to the Bank’s BSA Program including but not limited to; CIP, CDD/EDD/BO, OFAC and record keeping and retention requirements.

Compliance

• Review the Bank’s information security guidelines regularly and avoid activity that could expose the Bank to malware, scams, and fraud. Follow all guidelines for securing your accounts, access, systems, and information. Be proactive in identifying threats to information security and relay concerns to the information security team.

• Diligently protect confidential information and assist the Bank in ensuring that all confidential and sensitive information is handled appropriately.

• Maintain an active awareness and understanding of policies, procedures, designated authorities, regulations, and laws, including but not limited to, the Bank Secrecy Act, Anti-Money Laundering Act, Red Flags, Consumer Privacy, Fair Lending, other applicable lending laws, etc. Follow these at all times.

• Communicate openly with supervisors and other management about policies, procedures, work conduct, and job functions. Ask questions to clarify any uncertainty when issues arise.

• Address with your supervisor questions about suspected violations of policy and procedure, and other laws and guidelines, as outlined in the Code of Conduct, including but not limited to Bank Secrecy Act, Anti-Money Laundering Act, lending laws, etc.

• Participate in training sessions and policy updates, as necessary. Assist with coordination of scheduling as appropriate.

Other

• Maintain focus and professionalism at work; reserve personal matters for personal time. Be teachable, flexible, manageable, approachable, and helpful.

• Work scheduled and other needed hours at the designated location(s).

• Assist Management with scheduling and other issues as directed.

• Accept additional work as needed and assist other managers or Team Members as needed.

• All Team Members should provide consistently positive, effective, helpful service to all customers, both internal and external.

• Management or Bank policy may revise, delete, or add responsibility, as necessary.

Requirements

• Required: Proven experience with BSA/OFAC/Fraud function, or equivalent banking experience

• Preferred: Three years' related BSA/AML/Fraud experience

• Preferred: Experience with Verafin or other BSA monitoring software.

• Required: Excellent communication skills.

• Required: Attention to detail.

• Preferred: Professional certification (e.g., Certified AML and Fraud Professional (CAFP)).

• Preferred: BS Degree in Finance, or related field (finance, law, business administration).

Activity

• Ability to operate office equipment, telephones, and computers

• Ability to communicate fluently in English, in person, in writing, and on the computer

• Ability to hear, speak, and understand verbal communication

• Ability to read, write, count, and perform basic math functions

• Ability to move head, shoulders, neck, and arms freely (e.g., operation of office equipment)

• Ability to use manual dexterity and fine manipulation for operating a keyboard, using equipment, filing, etc.

• Ability to lift up to 10 pounds, grasp, reach, and pull

• Ability to sit for long periods of time; standing and walking periodically

• Ability to think, remember, learn new information, and apply cognitive data to job functions

• Ability to assess and concentrate on mental and physical job tasks to see them to completion

• Ability to work with others to share information and solve problems

SouthEast Bank is an equal opportunity employer. It is our policy to treat all individuals equally, regardless of race, color, religion, sex, gender, national origin, disability, age, genetic information, sexual orientation, transgender/gender identity, sexual preference, or service in the armed forces.