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BSA and Compliance Analyst
First Central Saving BankWhitestone, NY
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Job Description
Purpose:
The BSA and Compliance Analyst role will assist in carrying out the tasks required to ensure the Bank is in compliance with its regulatory obligations under the Bank Secrecy Act for a newly implemented Cannabis Banking business.
Salary Range: $50,000 - $60,000 annually
Essential Job Functions:
• Execute AML reviews/investigations of account activity to determine necessity of SAR filing. Document and report the review/investigation findings and prepare case files with required supporting documentation ( e.g. internet search results, copies of statements and transactions documentation, results from internal system searches). Complete Suspicious Activity Reports in a timely manner.
• Conduct periodic Enhanced Due Diligence reviews of high risk customers to identify activity that is not in line with the customer's profile.
• Responsible for Currency Transaction Reporting including daily reviews, processing and preparation of CTRs.
• Perform OFAC alert reviews that are generated via internal systems and conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PA TRI OT Act.
• Perform Quality Control review of new account opening documentation and provide feedback to branch personnel on KYC issues identified
• Support Education, the oversight Knowledge, the Bank's training program which includes the assignment and tracking of all annual online trainings.
Required Education, Knowledge, Skills and Abilities:
1. Bachelor’s Degree
2. CAMS Certification preferred
3. 3-4 years of experience in an AML transaction monitoring role
4. Strong understanding of Anti-Money Laundering (AML), USA PATRIOT Act and AML/CFT Act regulations
5. Detail oriented, self-motivated, strong communication and writing skills
6. Ability to interpret data and form a reasonable conclusion
7. Experience using Abrigo BAM system preferred but not required
The BSA and Compliance Analyst role will assist in carrying out the tasks required to ensure the Bank is in compliance with its regulatory obligations under the Bank Secrecy Act for a newly implemented Cannabis Banking business.
Salary Range: $50,000 - $60,000 annually
Essential Job Functions:
• Execute AML reviews/investigations of account activity to determine necessity of SAR filing. Document and report the review/investigation findings and prepare case files with required supporting documentation ( e.g. internet search results, copies of statements and transactions documentation, results from internal system searches). Complete Suspicious Activity Reports in a timely manner.
• Conduct periodic Enhanced Due Diligence reviews of high risk customers to identify activity that is not in line with the customer's profile.
• Responsible for Currency Transaction Reporting including daily reviews, processing and preparation of CTRs.
• Perform OFAC alert reviews that are generated via internal systems and conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PA TRI OT Act.
• Perform Quality Control review of new account opening documentation and provide feedback to branch personnel on KYC issues identified
• Support Education, the oversight Knowledge, the Bank's training program which includes the assignment and tracking of all annual online trainings.
Required Education, Knowledge, Skills and Abilities:
1. Bachelor’s Degree
2. CAMS Certification preferred
3. 3-4 years of experience in an AML transaction monitoring role
4. Strong understanding of Anti-Money Laundering (AML), USA PATRIOT Act and AML/CFT Act regulations
5. Detail oriented, self-motivated, strong communication and writing skills
6. Ability to interpret data and form a reasonable conclusion
7. Experience using Abrigo BAM system preferred but not required
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Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.