Bsa Analyst - Senior

Position: Senior BSA Analyst

Company: New Hampshire Mutual Bancorp

Location: Concord, NH or Keene, NH

PRIMARY RESPONSIBILITIES

Under the guidance of the NHMB VP Retail Compliance Officer/BSA Officer, the incumbent assists in the implementation and administration of the Bank Secrecy Act program for New Hampshire Mutual Bancorp (NHMB), and its affiliate banks Merrimack County Savings Bank (MCSB), Meredith Village Savings Bank (MVSB), Savings Bank of Walpole (SBW) and the trust customer segment of New Hampshire Trust Company. The Senior BSA Analyst supports the BSA Officer with various BSA operations including AML investigations, SAR filing, customer risk rating, high-risk customer surveillance, enhanced due diligence processes, special investigations, and OFAC compliance. The candidate will act in the capacity of subject matter expert supporting BSA team members and Bank lines of business to ensure compliance with Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control, and USA PATRIOT Act Regulations. Duties include monitoring, staff training, and management reporting. Independently stays abreast of new and changing BSA and related regulations. Advises the BSA Officer of emerging BSA compliance issues and assists in the establishment of controls to mitigate risks. Assists the BSA Officer in ensuring that the BSA area operates efficiently and meets regulatory expectations.

Accountabilities & Measures

Key Accountabilities

1. Model behaviors consistent with A+ Merits to foster an effective culture.

2. Maintaining data integrity across all BSA/AML Systems.

3. Monitoring and facilitating BSA/AML reporting requirements.

Success Measures

1. Independent an in-depth understanding of BSA data points and how they flow from transactions to work lists.

2. Acceptable error rate levels for tracking areas exposing Banks to regulatory criticism and penalties.

3. High degree of accuracy across tracking systems.

4. Accurate and timely preparation of internal and external reporting.

ESSENTIAL FUNCTIONS

1. Adheres to the NHMB Values: A+ Merits - Accountability, Mutuality, Excellence, Respect, Integrity, Teamwork and Stewardship.

2. Maintain an in-depth knowledge of BSA laws and regulations, along with Bank’s policies and procedures.

3. Assists the BSA Officer with the development and review of BSA processes and procedures, within regulatory guidelines, to comply with BSA and OFAC laws.

4. Utilizes complex BSA/AML software for monitoring of account activity for suspicious patterns and activity, customer and account reviews, account risk profiles and high risk customer identification, researches and resolves alerts timely, evaluates unusual patterns.

5. Manage more complex investigations and investigate suspected cases of activity related to money laundering, terrorist financing, and tax evasion. Collaborates with Fraud Team on case management.

6. Preparation and submission of Currency Transaction Reports (CTRs) within regulatory timeframes. Investigates, researches, tracks and follows-up on CTR related errors made by personnel. Looks for systemic errors and recommends additional training to branch/department or personnel.

7. Assists BSA Officer with BSA/AML automated software provisioning, controls, parameter settings, testing, and validation to ensure effectiveness to identify suspicious and fraudulent activity. Evaluates software releases and makes recommendations.

8. Answers more complex BSA and OFAC related questions from personnel, using established BSA resources, and escalates to BSA Officer as needed.

9. Assist BSA Officer with review of BSA related bank policies, procedures, disclosures, notices and forms to comply with regulatory updates or new requirements.

10. Independently completes reviews of higher risk customer categories, including private ATM and money services businesses.

11. Conducts suspicious activity report (SAR) investigations, and makes recommendations to the BSA Officer when to file a SAR, and assists the BSA Officer to prepare and submit the SAR. Performs filed SAR review for SAR filing on continued activity.

12. Assist BSA Officer with various duties including preparing for independent audits and regulatory exams as well as delivering BSA/AML/OFAC related trainings to all areas of the organization as needed.

13. Special project participation and task for the department and performs additional duties as requested.

14. Provides assistance to Compliance when needed.

15. Satisfactorily completes all required compliance training and complies with all regulations which apply within the scope of the position.

16. Performs other duties as requested.

MINIMUM PHYSICAL REQUIREMENTS

Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards with moderate level of noise. Independent means of transportation for travel on occasion to branches and departments as well as meetings, trainings, etc. Overnight travel required for some conferences. Minimal physical effort required with very occasional lifting of up to 30 lbs. Normally seated with the freedom of movement on a regular basis.

DESIRED EDUCATION

College

DESIRED DEGREE

Bachelor

DESIRED MAJOR

Business, Finance

DESIRED JOB EXPERIENCE

7+ years of banking experience with an emphasis on CIP, OFAC, and BSA or equivalent combination of education and experience.

OTHER QUALIFICATIONS

Superior organizational and analytical skills, great attention to detail, demonstrated ability to handle multiple tasks while meeting deadlines and maintaining accuracy. Strong oral and written communication skills. Must be proficient in Microsoft Word, Excel, PowerPoint, BSA filings and various other applications. Must be a self-starter and have ability to work independently while being team oriented, and be able to interact with all levels of staff and management. Take responsibility for solving problems regardless of origin and to be accountable when completing assignments within deadlines. Knowledge should include banking, bank security, regulatory compliance, BSA/AML, CIP, OFAC, audit, account monitoring or related experience. Experience with YellowHammer and/or Jack Henry core systems. In depth knowledge of banking concepts, products and services.

CERTIFICATIONS REQUIRED