Job Description
A bit about us: FIU BSA Analyst need for well-established California bank that has been in operation for over 100 years
Why join us?- Leverage the latest Network technologies
- Strong benefits (M,D,V, and 401k)
- Profit sharing contribution
- Flexible work environment
- Extra paycheck at Christmas
Job Details The Financial Intelligence Unit (FIU) BSA Analyst 2 assists in the execution of the Bank's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. The FIU BSA Analyst 2 assists the Bank in detecting unusual or suspicious activity in a timely manner to safeguard the integrity of the Bank and ensure the Bank's compliance with BSA/AML and OFAC regulations. The FIU BSA Analyst 2 supports the AML processes, including the investigation of potentially suspicious activity and drafting of Suspicious Activity Reports (SARs) for submission to FinCEN upon approval from BSA management. This position is also responsible with assisting other BSA Teams, participating in projects and other assignments to prevent the Bank from being exploited by money laundering or terrorist financing activities. The FIU BSA Analyst 2 is to follow department procedures and comply with the FFIEC BSA/AML Examination Manual.
Essential Duties
- Review and analyze AML Alerts generated from a transaction monitoring system utilized to identify potential suspicious activity. Review and investigate Questionable Activity Referrals (QARs) in a timely manner.
- Ability to analyze and research complex information and submit comprehensive recommendations regarding potentially suspicious and/or high-risk activity
- Conduct complex and thorough case investigations resulting in SAR or No SAR decisions.
- Prepare SARs within required deadlines for submission to FinCEN.
- Perform 90-Day SAR Reviews
- Perform research, including negative news searches, through the Bank's systems, online public databases and subscription-based database resources
- Proficient knowledge of BSA/AML software to adequately detect, review and report suspicious activity
- Effectively communicate and assist Bank and branch staff on any BSA related questions or issues
- Performs special projects and other related duties as assigned or requested. Additionally, may be tasked with assisting other teams within the BSA Department, such as OFAC, CTR or EDD teams.
- Stay up to date and knowledgeable on AML/OFAC regulatory requirements and FinCEN updates
- Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.
- Maintain adequate filing and tracking system for BSA documents
Required Knowledge
- Bank Secrecy Act
- OFAC
- USA PATRIOT Act
- Privacy Laws
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Job Tags
Bank staff, Local area, Flexible hours,