BSA Analyst I

POSITION TITLE: BSA Analyst

CORPORATE TITLE: Non-Officer

DEPARTMENT: BSA (KYC Team)

REPORTS TO: KYC Team Lead 

Location: 100% Onsite

Adheres to Bank policies and procedures and complies with all State and Federal banking regulatory requirements , including but not limited to Sarbanes-Oxley Act, Bank Secrecy Act, Anti-Money Laundering, OFAC, Customers Right to Privacy Act, Regulation D, Regulation DD/Truth in savings, USA Patriot Act, CIP, Elder Care, Sexual Harassment, Information Security and Privacy requirements as they pertain to this position.  This position is responsible for escalating suspicious activity to the BSA.

 POSITION OVERVIEW

The individual will be a contributing member of the BSA Department’s Know Your Customer (KYC) Team and is responsible for the timely and thorough review of new accounts. The main objective of this role is to appropriately assess the risk of new accounts/customers and ensure all necessary information and documentation is obtained as required by existing policies and procedures.

 POSITION RESPONSIBILITIES

• Conduct required KYC screening and initial risk rating for new accounts.
• Communicate with branch operations to obtain additional account information or documentation.
• Ensure compliance to the Bank’s Customer Information Program by verifying the existence of required new customer information.
• Perform internet searches to identify adverse media.
• Collect/gather documents for high-risk customers, such as visitation reports, W-8BENs, state registrations, beneficial ownership, etc.
• Reviewing various reports to identify transactions patterns.
• Analyze transactions to determine if they are suspicious in nature and take appropriate action and maintain proper documentation.
• Assist the KYC Team Lead and senior analysts on various tasks, as delegated.
• Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, etc.). 
• Complete all required annual training.

 SKILLS / QUALIFICATIONS

• High standard of professionalism, confidentiality and security.
• Strong computer skills (Word, Excel, Outlook).
• Excellent verbal and written communication skills.
• Well-organized, analytical and capable of performing multiple tasks.
• Ability to work well in a team environment.
• Knowledge of BAM/BAM and FIS IBS applications are a plus.

 EDUCATION / EXPERIENCE

• Bachelor’s degree in related fields of criminology, business, accounting or equivalent experience/certification is preferred but not required.
• BSA/AML compliance or branch operations experience is preferred.