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Form of workSUMMARY
Works closely with the BSA Supervisor to ensure that Sunwest Bank (“Bank”) is compliant with Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) laws and regulations; the regulatory agencies’ requirements and expectations; and the Bank’s BSA/OFAC Policy. The BSA Analyst I is responsible for conducting day-to-day monitoring, reporting, and assisting with other control processes pertaining to financial crimes risk management. The BSA Analyst I is actively engaged with other departments within the Bank to assist with BSA and OFAC requirements and ensure that their processes cover necessary BSA/OFAC elements.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Completing system-generated BSA and OFAC alerts.
- Assists with the ongoing enhanced due diligence (EDD) reviews of the Bank’s high-risk customers.
- Reviewing and submitting applicable Currency Transaction Reports (CTR).
- Assists in reviewing investigations and Suspicious Activity Reports (SAR).
- Ensures compliance with Customer Identification Program (CIP) requirements and the Bank’s policy for customer due diligence and EDD.
- Reviews sanctions and negative news results and ensures proper dispositioning is performed.
- Promotes quality and attention to detail.
- Ensures processes are consistent with BSA and OFAC laws and regulations.
- Actively engaged in promoting a strong compliance culture.
- Proactively participates and suggests enhancement opportunities.
- Promotes collaboration and proactively assists other members within the BSA Department and the Bank.
- Stays abreast of regulatory changes, industry standards, and best practices.
- Works closely with the BSA Supervisor or BSA Officer to update the Bank’s BSA and OFAC training programs, policies, procedures, and risk assessments as necessary and appropriate.
- Serves as a point of contact for all BSA/OFAC-related matters, including negative news, potential matches on sanctions screening, and unusual behavior raised by frontline staff.
- Escalate all matters mentioned above to the BSA Supervisor or BSA Officer if the items cannot be resolved.
- Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to the position and job responsibilities, with an emphasis on BSA, OFAC, Regulatory Compliance, Information Security, and overall compliance and risk management.
ADDITIONAL RESPONSIBILITIES
- Demonstrates a high degree of professionalism in communication, attitude, and teamwork with customers, peers, and management
- Demonstrates a high level of quality work, attendance, and appearance
- Adheres to all Company Policies & Procedures and Safety Regulations
- Adheres to local, state, and federal laws
- Performs any other duties that may be assigned by the warehouse manager
- Understands and complies with all company rules and regulations
- Additional duties as assigned as it relates to the position
SUPERVISORY RESPONSIBILITIES
This position does not have supervisory responsibilities
MINIMUM QUALIFICATIONS
- Preferred bachelor’s degree from an accredited college or university or two years of related banking experience and/or training; or the equivalent combination of education and experience.
- Preferred bank operational experience of no less than two years, with exposure to branch and back office operations, as well as compliance functions.
- Preferred BSA/OFAC compliance-specific experience of no less than two years, with exposure to transactional analysis as well as general program and reporting requiremen
- Preferred certifications in BSA and/or OFAC.
- Strong professional skills with an emphasis on detail, planning, and organization. General knowledge of overall bank products and services, particularly those offered in a commercial banking environment.
- Ability to multi-task and manage multiple activities to completion within strictly regulated deadlines.
COMPETENCIES:
- Adaptability
- Communication
- Decision Making
- Initiative
- Innovation
- Motivator
- Organization
- Professionalism
- Results Orientated
PHYSICAL DEMANDS: In general, the following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job.
- Standing, walking, and squatting less than fifty percent of the work shift
- Required to lift, move and carry up to 40 pounds
- Ability to read, count and write to accurately complete all documentation and reports
- Must be able to see, hear and speak in order to communicate with employees and other customers
- Specific vision abilities include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus
- Manual dexterity required using hands to finger; handle, feel and type; reach with hands and arms
(Check the box that applies by double-clicking on the box.)
Sedentary: Limited activity, no lifting, limited walking
Moderate: Mostly standing, walking, bending, frequent lifting
Light: Office work, some lifting, bending, stooping or kneeling, walking
Arduous: Heavy lifting, bending, crawling, climbing
WORK ENVIRONMENT: In general, the following conditions of the work environment are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job within the environment.
- The workspace is clean, orderly, properly lighted, and ventilated with the proper safety compliance
- Noise levels are considered moderate
Sunwest Bank Is an Equal Opportunity Employer
Sunwest Bank works with staff members and customers without regard to race, ancestry, national origin, sex, marital status, age, religion, medical condition, handicap, disability, or veteran status and to assist the Bank in maintaining its Affirmative Action Program.
Compliance with Bank Secrecy Act laws and regulations is considered an extremely serious matter, and it is intended that Sunwest Bank, through the purposeful efforts of its employees and officers, are expected to make every resolute attempt to conform to its Bank Secrecy Act Program and Procedures. Failure to comply will be reflected in their performance review as well as in any bonus compensation programs in which they may participate.
Attend and complete all required classroom, computer-based, web-based, and seminar training. It is the individual responsibility of every employee to maintain current awareness and understanding of and to fully comply with Sunwest Bank’s “Code of Ethics and Conduct.” Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position
Note: The preceding job description has been designed to indicate the general nature and level and work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. All job descriptions can be amended without notice as warranted by business necessity.
