Senior BSA Analyst

New York, NY

Posted: 11/09/2018 Industry: FIN Perm Job Number: 11569099
Requirements include:

The Senior BSA Analyst is responsible for assisting the BSA Compliance Officer in developing, implementing and administering the day-to-day of all aspects of the bank's BSA Program, including BSA/AML.
  • Fully knowledgeable of the BSA and all related regulations.
  • Solid understanding of the bank's products, services, customers and entities, geographic locations, and the potential money laundering and terrorist financing risks associated with those activities.
  • Complete understanding of the Bank Secrecy Act
  • This position performs various reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Bank's compliance efforts are maintained on a daily basis.
  • Excellent project and time management skills.
  • Strong leadership, communication and analytical skills.
  • Proficient in the use of Microsoft suite products.
  • Strong written and interpersonal communication skills
  • Experience in conducting internet research.Duties and Responsibilities include but are not limited to:
  • Prepare materials for the Bank's BSA Board Reporting;
  • Assisting in the approval of CTR Reports;
  • Assist in review of Suspicious Activity Monitoring Systems Alerts and document disposition the
  • AML Monitoring System related to Suspicious Activity; OFAC; Fraud; and 314(a) in accordance with the bank's BSA Policy and internal procedures, and escalation of alerts that appear to be indicators of money laundering; fraud; or other financial crimes;
  • Organize and review the New Accounts and High Risk customer documentation including Customer Identification Program, Customer Due Diligence Documentation; and High Risk Customer detection and analysis.
  • Perform initial Quality Control of documents and tracking and escalation of incomplete or missing documentation. Work with Branch and Lending personal to obtain missing documentation;
  • Assist in the review of customers with higher risk product types including Remote Deposit Customer, ACH, and Wire Reports for Suspicious Activity;
  • Administer the OFAC review and documentation, including monitoring/maintaining systems information related to the Compliance/BSA Program;
  • Administer the PEP review and documentation, including monitoring/maintaining systems information related to the Compliance/BSA Program;
  • Administer the FinCEN 314(a) list requests, ensure system scrub; analysis of alerts and escalation of potential matches;
  • Initiate and/or respond to FinCEN 314(b) list requests, ensure system scrub; analysis of alerts and escalation of potential matches and ensure annual registration are completed timely;
  • Organize and maintain exempt customer annual analysis and reporting files;
  • Perform SAR Investigation Reporting management tracking for follow-up reporting escalation of potential SARs;
  • Assist in the retrieval of BSA memo request items for internal audit and regulatory audits and ensure audit issues are remediated in a timely manner;
  • Conduct analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity.
  • Conduct investigations by utilizing the bank's resources, i.E., system software, reports, databases, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity as described in BSA Program.
  • Examine reports to determine if situations meet the established criteria for investigating suspected fraudulent or problem accounts.
  • Gathers information responsive to external requests for SAR supporting documentation or 314(b) collaboration requests as needed.
  • Makes independent decisions, confers with AML Manager on complex case assignments.
  • Ensures appropriate records/files are maintained to meet regulatory record-keeping requirements.
  • Performs other duties as assigned

Nick LaPetina

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