Senior BSA Analyst - Marquee Staffing

The Senior Commercial BSA Analyst supports the Bank’s enterprise-wide BSA Program to ensure all BSA regulatory requirements are met to protect the Bank from losses. Responsible for investigating and monitoring customer transactions using automated monitoring systems and reporting transactional testing across all business lines. The Senior BSA Analyst analyzes accounts for unusual or suspicious activity, including but not limited to the following sources: AML monitoring system, reports, branch referrals, new accounts, subpoenas, 314(a) alerts, 314(b) requests, and OFAC. Recommends course of action to management based on an analysis of the findings and documents the analysis in the Bank’s case management system. Assist in training and mentoring in the monitoring of new products, mitigating money laundering risks to the Bank and its customers. Assist with work management and training duties. Performance of other relevant reporting responsibilities as designated by the BSA Officer and the Chief Risk Officer.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform Customer Due Diligence (CDD) including analysis review of anticipated vs actual activity and the ability to understand and evaluate industry-specific transaction expectations.
• Complete EDD (Enhanced Due Diligence) reviews of the bank’s high-risk customers.
• Perform research, analysis, and investigation of the entire customer relationship.
• Daily monitoring and analysis of various reports and transaction data to identify trends, unusual or suspicious activity, and/or significant changes in account activity.
• Perform research and negative news searches, online searches, and subscription-based resources when reviewing a customer’s account activity.
• Review and maintain various BSA reports for accuracy, monitor and refer suspicious activities to the proper BSA unit for further investigation.
• Maintain well-organized electronic records, including spreadsheets, and written reports of completed reviews
• Review Alerts and case Reviews with the ability to make SAR or No SAR conclusions. Includes the ability to evaluate supporting documentation and translate it into a narrative investigation.
• Document all findings in a centralized case management system, including writing a detailed narrative supporting findings. This includes the filing of a Suspicious Activity Report (SAR) when necessary.
• Exercise solid judgment while examining, identifying, and documenting suspicious activity behaviors and patterns, including whether the filing of a Suspicious Activity Report is appropriate. When appropriate escalate and/or refer problem accounts or customers based on an applicable procedure.
• Investigates cases involving, but not limited to, cash structuring, transactions involving Bank designated High-Risk Countries (HRC), wire transfers, commercial loan payments, and reports from branches regarding customer activity.
• Reviews and investigates any potential matches to the Fin Cen 314a list.
• Researches or recommends 314 (b) information requests as assigned.
• Communicates with branch and department managers, for clarification when researching and investigating cases as necessary. Documents results of investigations on the case management system to ensure it meets the reporting requirements of both internal and external entities. Substantiates non-SAR decisions with documentation.
• Keep the direct supervisor abreast of any significant events that affect the day-to-day activity.
• Maintains thorough knowledge of the Bank’s systems used to conduct research on customer transaction activity. Makes recommendations for closing accounts and performs associated follow-up to ensure closure of the accounts.
• Maintains a good understanding of the BSA regulations and FinCEN guidelines related to BSA Suspicious Activity Reporting and current money laundering schemes and investigative techniques required to detect such schemes.
• Keep up to date with the latest trends in the industry.
• Assist with management and implementation of policies, processes, and procedures.
• Provide training to other analysts in various capacities and assist in bank-wide training, as needed
• Perform other duties as assigned

Requirements
REQUIRED SKILLS AND ABILITIES:

• Must possess working knowledge of the Bank Secrecy Act and its implementing regulations.
• Must have experience with the bank’s monitoring and reporting systems or similar monitoring and reporting systems for BSA/AML compliance and risk surveillance.
• Able to recognize transaction activity for trends and patterns of unusual or suspicious activity in compliance with the BSA/AMLA, USA Patriot Act, OFAC, and other financial crimes required.
• Ability to synthesize complex information and produce comprehensive written narrative required.
• Must have demonstrated experience and be comfortable making critical decisions in a time-sensitive and regulatory-mandated environment.
• Experience working with money laundering/terrorist financing/SAR or equivalent investigations preferred.
• Must have demonstrated experience in applying strong problem-solving, judgment, and analysis to detect and deter money laundering activities.
• Ability to work independently, but cohesively within a team of specialized associated, with high integrity and ethics.
• Highly self-motivated with excellent communication skills and ability to manage and analyze data.
• Excellent written and oral formats, including presentations to regulators, auditors, analysts, and senior managers.
• Exceptional analytical skills, judgment, attention to detail, and ability to prioritize tasks and work under pressure.
• Experience with case management platforms is a must. Exposure to platform implementation/enhancement environments is a plus.
• Strong training abilities, excellent leadership, and people skills.
• Dedication to teamwork and long-term commitment to success.
• Computer skills to include use of Microsoft Office products and other programs as required.

Education/Licenses/Work Experience

• Bachelor’s Degree in Business Administration
• Minimum of three years’ experience in a banking BSA/AML role or banking operations.
• Strong knowledge and experience in banking operations.
• Vera fin knowledge is a plus
• Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) preferred