BSA Analyst

JOB SUMMARY

Assists the Bank’s BSA Officer to ensure BSA regulatory requirements are met. Assists in and performs investigations and transaction monitoring; training and mentoring in the monitoring of new products; mitigating money laundering risks to the Bank and its customers.

RESPONSIBILITIES

1. Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.

2. Assist in and perform investigations for cases referred by Bank personnel for unusual activity and document findings accordingly.

3. Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.

4. Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML compliance policies and procedures.

5. Perform essential workflow functions such as monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.

6. Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.

7. Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.

8. Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.

9. Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues.

10. Assist in updating and maintaining desktop procedures to maintain compliance.

11. Assist in providing training and support as needed, including mentorship to junior analysts.

12. Assist with and perform secondary reviews on other analysts’ reviews to ensure continuity with departmental practices and adherence to policies and procedures.

13. Provide feedback on systems, processes, and other relevant observations.

14. Perform other duties as assigned.

QUALIFICATIONS

Education: Bachelor’s degree or equivalent.

Experience: Experience in banking operations, regulatory, legal, or auditing environment with significant exposure to regulatory compliance matters preferred.

Skills/Abilities: Excellent analytical, research, project management, and planning skills; PC proficient; organized and detail-oriented; strong written and verbal communication skills. Knowledge of BSA/AML, USA PATRIOT Act, OFAC laws and regulations, and CTR and SAR reporting requirements suggested and preferred.

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website www.royalbusinessbankusa.com. Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

Job Type: Full-time

Pay: From $25.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift

Application Question(s):

• What is the best email to reach you?

Education:

• Bachelor's (Preferred)

Experience:

• BSA: 1 year (Required)

Work Location: One location