Job Description

Job Description

Job Description

Responsible for supporting the Bank’s compliance with BSA/AML regulations and by identifying, assessing, and mitigating financial crimes risks for high-risk customers and transactions. This includes in-depth investigations and analysis of high-risk customers, entities, and transactions to ensure compliance with BSA, AML, and OFAC regulations. The analyst will conduct daily reviews of high-risk customers and will, as needed, conduct ad-hoc reviews from various lines of business. The analyst will also review daily CDD/EDD alerts to identify high risk customers and potential suspicious activity. The role involves staying informed on regulatory changes and utilizing the Bank’s AML systems to monitor and manage risk.

The decisions and recommendations made by the Analyst shall be relied upon by the management team and may have a direct impact on the business operations and the servicing of customer accounts, which may also carry legal and regulatory compliance obligations. Often these reviews may lead to the development of metrics, trend information, and written analysis which will be used to substantiate any risk-related recommendations, which may include changes to the BSA Program.

This role also involves a level of discretion and independent judgment in the assessment and presentation of various decision options to management as well as conducting major assignments in the effective operational implementation of the Bank’s BSA Program.

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Conducting in-depth research on individuals and entities using public records, open-source media, internal databases, and proprietary systems on a periodic and ongoing basis.
• Assessing geographic risks, politically exposed person (PEP) affiliations, and other potential vulnerabilities.
• Creating and maintaining an in-depth record of the investigation performed on individuals or entities.
• Investigating and escalating confirmed or suspected violations as required by procedure.
• Escalating suspicious activity and risks to management as appropriate.
• Investigate EDD cases and EDD alerts generated by the AML monitoring system and other sources to determine potential suspicious activity.
• Documenting findings, escalating potential suspicious activity, and ensuring all required reporting is accurate and timely.
• Collaborating with internal teams to resolve issues related to suspicious activity and customer risk profiles.
• Function as a support to the BSA/AML Compliance Manager to assist with daily monitoring, assessment, and maintenance of AML processes and procedures.
• Assist the BSA/AML Compliance Manager in project management and documentation processes for AML systems and procedures, including developing and maintaining detailed implementation plans; compiling and presenting metrics on alert completion rates; and ensuring that project deadlines are met, as needed.
• Liaise with Bank lines of business, including branches and other teams as needed.

Other Duties

• Support other duties and responsibilities within the BSA Operations Unit’s area of responsibility, as required by the BSA Operations Manager or BSA Officer.
• Stay informed of related regulatory matters through Federal agency updates and guidance and through industry webinars and conferences.
• Complies with all policies and procedures as applied to the Bank's BSA/AML policy.
• Perform other duties as assigned.

Skills/Abilities

• Able to communicate effectively to a broad audience, including lines of business in both written and verbal formats.
• Strong technical writing skills including the ability to prepare clear and concise reports.
• Excellent time management skills, including the ability to manage time effectively, to meet deadlines, and perform work on a variety of functions simultaneously.
• Sound knowledge of BSA and AML-related functions, reporting requirements, and systems in a financial institution setting.
• Experienced with Microsoft Office applications, including word-processing, spreadsheet, and presentation software.
• Experience with Jack Henry banking software systems, including Verafin, Silverlake, and Vertex preferred.

Supervisory Responsibility

This position does not have supervisory responsibilities.

Work Environment

This job operates in an office setting. The opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping, or standing, as necessary.

Travel

Limited local travel may be required for this position.

Education and Experience

• Minimum 1 year of BSA/AML or banking experience required. 3 years of experience in banking, financial services, government, or related entity preferred (e.g., FinCEN, OFAC).
• Bachelor’s degree or equivalent preferred.
• CAMS, CFE, CAFP or CRCM certification preferred.
• Demonstrated expertise in conducting EDD reviews and managing high risk customer relationships.

Equal Employment Opportunity/M/F/disability/protected veteran status.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

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