Equal Employment Opportunity/M/F/disability/protected veteran status
Description:
Position Overview:
The BSA Analyst monitors account activity to ensure compliance with BSA requirements, performs required due diligence, and identifies instances of fraud or suspicious activity. The analyst conducts research and analysis in order to recommend actions and/or write SARS.
Primary Responsibilities:
Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers:
Performs Remote Capture Check (RCC), ACH, and card fraud activity monitoring. Analyzes suspicious activity and makes recommendations on actions to management.
Assists in the preparation of SARS by writing and providing the BSA Officer with documentation and analysis to support submission.
Reviewing and verifying that all CTR's are completed correctly and prepared for final approval and submission.
Reviewing Monetary Instrument Sales logs for completeness and reasonableness.
Review and disposition of daily OFAC suspects.
Monitoring and reviewing account activity in identified cases, with sufficient research, make an assessment and recommend course of action to management. In more routine cases the Analyst will be required to make the determination and carry out action independently.
Perform risk rating of new business customers by completing enhanced due diligence research and/or investigations.
Maintaining Money Services Business files for BSA compliance including research for required licensing.
Maintaining privately held ATM customer files for BSA compliance including research for required licensing.
Maintaining CTR exempt customer files and completing annual review of CTR exemptions.
Maintaining BSA High Risk Customer files.
Assist management with requests from auditors and examiners as needed.
Assist in guidance and training of front-line banking staff regarding BSA matters.
Other Responsibilities:
Perform related and unrelated duties as may be required.
Requirements:
Associates Degree combined with three years or more of BSA/AML monitoring and analysis experience.
Applied knowledge and understanding of BSA/AML, USA PATRIOT ACT, OFAC, and SAR requirements and processes.
Computing proficiency including PC operation, various banking software packages and the MS Office suite (Word, Excel, Outlook).
Strong time management, analytical, communication, organizational skills and the ability to work independently.
Experience with third party payment processing including EDD, monitoring, and reporting and MSBs a plus.
Experience with Verafin AML software a plus.
Avidia Bank is an Equal Opportunity Employer/Veterans/Disabled
