Job Summary

The BSA Analyst 1 assists in the execution of the Bank’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. The BSA Analyst 1 supports the AML processes, including the verification of CTRs prior to submission to FinCEN. This job also is responsible for alert monitoring, suspicious activity case investigations, and SAR reporting, reviewing potential customers for CTR exemption, customer due diligence and enhanced due diligence reviews, and other processes in an effort to prevent the Bank from being exploited by money laundering or terrorist financing activities. Monitoring is to follow department procedures and comply with the FFIEC BSA/AML Examination Manual.

Essential Duties

• Review Alerts (triage)
• Case Reviews (SAR or No SAR decision making)
• Suspicious Activity Report (SAR) Review
  • Write SARs in accordance with regulations and time limitations
• Perform 90-Day SAR Reviews
• Perform RBRR (Rules Based Risk Rating) Reviews
• Perform research, including negative news searches, through the Bank’s systems, online public databases and subscription-based database resources
• New Account EDD Tolerance reviews for all tolerance types including updates to the customer’s EDD profile, when applicable, and submit certification to BSA Management upon completion.
• OFAC Review
  • Assist Branches and Departments with potential OFAC matches or Sanctions restrictions to ensure ongoing OFAC Compliance.
• Review and investigate QARs submitted by Bank employees in a timely manner, once moved into alert or case
• Perform review of 314(a) Request from FinCEN every two weeks and disposition potential matches
• Assist Bank and branch staff on any BSA related questions or issues
• Review of non-post and large item returns
• Proficient knowledge of BSA/AML software in order to adequately detect, review and report suspicious activity
• Performs special projects and other related duties as assigned or requested

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, AML, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Completes compliance and other technical training workshops, as assigned.

Non-Essential Duties

• Perform periodic data integrity check on AML software
• Maintain adequate filing and tracking system for BSA documents
• Attend seminars to enhance knowledge of BSA/AML and OFAC regulations/requirements
• File SARs electronically within required deadlines with FinCEN, as needed
• Conduct SSN/TIN search via IRS website

Required Knowledge

• Bank Secrecy Act
• OFAC
• USA PATRIOT Act
• Bank Protection Act ( Security)
• Privacy Laws
• Fair Credit Reporting Act
• Banking Operations

Basic Knowledge, Skills and Abilities

• Clear understanding of the English Language (Spoken & Written)
• Basic Mathematics Skills
• Customer Service Skills
• Telephone Skills
• Critical Thinking, Judgment & Problem Solving Skills
• Ability to actively listen & learn.
• Ability to respectfully communicate with supervisors and co-workers
• Ability to effectively deal with unpleasant, angry or discourteous people
• Proficient in Microsoft Excel, Word, Outlook.

Equipment Operated

• Telephones
• Desk Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement.
• Requires standing and/or sitting for prolong periods of time.
• Requires lifting up 10 lbs.
• Office setting w/controlled temperature

Education and Experience

• High School Diploma or equivalent required.
• 2 – 5 years of banking experience with an emphasis on customer service.
• 1 – 3 years of banking experience with BSA/AML/OFAC.
• CAMS Certification preferred but not required

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

F&M Bank reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.