Bsa Analyst Ii

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience.   

POSITION SUMMARY

Under general direction, this individual contributor ensures compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, Know Your Customer (KYC) requirements, Office of Foreign Asset Control (OFAC) regulations, Customer Identification Program (CIP) requirements and Provident Bank's policies and procedures (hereafter referred to as the "BSA Program").  Incumbent is expected to display professional maturity, judgment and experience.  A certain level of creativity, diplomacy and latitude is expected.  Incumbent is expected to train less experienced staff members.                                           

  MAJOR JOB RESPONSIBILITIES

• The BSA Analyst II position is focused on Alert Clearing and Case Management within the Verafin System by analyzing system generated alerts inclusive of referrals from the branch, other business units, and/or subpoenas for unusual or suspicious activity.  Conduct in-depth case investigations and documenting the investigation results and provide recommendations with supporting conclusion to BSA Management, all within a timely manner.  Writes Suspicious Activity Report (SAR) narrative, where applicable.  Makes recommendations as to account closeouts and/or restrictions based upon investigation results. The individual will be responsible for maintaining day-to-day BSA operations.
• Conducts periodic enhanced due diligence reviews and annual exempt customer reviews to identify activity that may not align with the business nature/industry and/or customer due diligence profile.  Analyzes customer behavior and activity patterns of low, medium, and high-risk customers to determine if custom settings need to be applied.
•  Participate in special projects or assignment as necessary.
• Assist in updating department policies and procedures to ensure compliance with regulations. Recommends changes to the Bank's BSA Program and/or account opening policies and procedures.
• Performs related duties as required that may include but are not limited to:                          
• Providing supporting documentation and explanation of SARs and investigation activities to law enforcement;
• Conducting Customer Due Diligence inclusive of customer meetings and/or site visits due to abnormal or suspicious activity that would require further analysis based on risk categories and customer profiles.  Conducting periodic Check Casher Reviews;
• Keeping informed of laws, regulations, and current practices pertaining to the Bank Secrecy Act and Anti-Money Laundering regulations.
   

SUPERVISORY RESPONSIBILITIES

None

SKILLS AND TRAINING

• Knowledge of the BSA, AML, USA PATRIOT Act, KYC, and OFAC regulations.
• Knowledge of databases and websites used in the investigations of suspicious activity, including           money laundering and terrorist financing.
• Knowledge of banking and branch operations.
• Good personal computer skills and proficient in using software commonly employed in an office    environment.
• Excellent written and oral communications skills.
• Ability to analyze business situations, identify problems or concerns, determine applicable scenarios and choose the appropriate solution to the problem.
• Interacts with other Bank personnel to obtain customer information for use in suspicious activity investigations.

EDUCATION

Bachelor’s degree

WORK EXPERIENCE

3 to 5 years

Feature Benefits

• Medical/Dental/Vision Insurance
• Flexible Savings Account
• 401(k)
• Tuition Disbursement and Reimbursement
• College Loan Pay Down Program
• and other great benefits

LICENSES AND/OR CERTIFICATES

Certified Anti-Money Laundering Specialist (CAMS) preferred.

WORKING CONDITIONS

Work is performed in a normal office environment; however, work may be performed in all areas within the Bank. May include travel by automobile.

HAZARDS

The hazards are mainly those present in a normal office setting, and those present in commuting by car.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.