Bsa/Aml Analyst

POSITION DESCRIPTION

Position Title: BSA/AML Analyst Location: Dade City Office

Department: BSA & Compliance FLSA: Exempt

Reports To: Compliance/BSA Manager Status: Salary, Full time

Supervises: N/A

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SUMMARY:

The BSA/AML Analyst is responsible for carrying out day-to-day BSA/AML duties. First National Bank of Pasco has a unique BSA/AML risk profile, as it is a small community bank that offers products and services to some traditionally higher-risk business types (including cannabis related businesses, payment processors, etc.). The position will primarily involve transaction monitoring of customer accounts and conducting investigations, but the ideal candidate would be able support all aspects of the BSA program. There is room for growth and advancement in the BSA/AML and Compliance Department upon successful performance.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Core duties and responsibilities include the following. Other duties may be assigned.

• In-depth account monitoring and transaction analysis to identify illegal or high-risk activity
• Investigation of suspicious activity and documenting findings
• Assisting with regulatory filings, including suspicious activity reports (SARs)
• Ensuring customer risk profiles are accurate
• Reviewing higher risk customers for suspicious and/or unexpected activity, and documenting findings in detail
• Develop and enhance usage of the AML automated surveillance monitoring software. Adherence to and development of departmental procedures and processes.
• Work daily with the Automated Monitoring System (Verafin).
• Research data and assist with the preparation of reports for the Board of Directors and Board Committees
• Assist with the annual preparation of BSA and OFAC risk assessment matrix and narrative.
• Assist in maintaining internal tracking matrices.
• Assist with various projects within the Retail and BSA departments, such as case management, project implementation, document verification, and other ad-hoc tasks as assigned.
• Adhere to all provision of First National Bank of Pasco policies and procedures, including the confidentiality policy, code of ethics and BSA/AML/OFAC policies and procedures.
• Promote a professional business atmosphere and positive image of the Bank to the public and to the employees.
• Maintain good working relationship with support departments and management.
• Perform other duties as needed or assigned by management or supervisor.

EDUCATION AND/OR EXPERIENCE:

Required:

• High school diploma or equivalent.
• Minimum of 5 years of experience in BSA/AML functions
• Minimum of 2 years of transaction monitoring experience
• Experience conducting high risk customer reviews
• In-depth knowledge of BSA/AML regulations
• Ability to read, analyze, and interpret Federal and State banking regulations related to the Bank Secrecy Act and Anti-Money Laundering.

Preferred:

• Verafin experience
• CAMS Designation
• Experience monitoring cannabis related businesses, money services businesses, and third-party payment processors.
• Experience writing SARs
• Experience reviewing and/or filing CTRs
• Fraud monitoring experience
• Experience writing procedures
• Knowledge of banking regulatory compliance regulations outside of BSA
• Prior experience at an OCC-regulated Bank
• Experience calibrating an automated transaction monitoring system

INTERPERSONAL SKILLS & TRAITS

To perform this job successfully, the following skills and/or traits are required:

• Excellent writing skills, including spelling, grammar, and organization
• Self-motivated, dependable, adaptable and detail-oriented
• Strong critical thinking, analytical, and organizational skills
• Ability to work independently with limited direction from supervisor
• Excellent interpersonal and communication skills
• Exceptional time management skills with the ability to multi-task
• Excellent attention to detail and ability to operate standard office equipment
• Willing to work occasional nights/weekends if necessary to meet a deadline
• Strong word processing, spelling, grammar and organizational skills

COMPUTER SKILLS:

To perform this job successfully, an individual should have knowledge of Core system software (Silverlake), AML system software (Verafin), Internet software, Word Processing software, and Spreadsheet software.

BANK SECRECY ACT:

In the performance of respective tasks and duties, the employee is expected to maintain knowledge of and ensure compliance with Bank Secrecy Act regulations and all other regulatory, security and bank policies.

COMPANY CONFORMANCE:

In the performance of respective tasks and duties, the employee is expected to successfully perform quality work within deadlines with or without supervision, interact professionally with other employees, customers and suppliers; work effectively as a team contributor on all assignments and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

PHYSICAL DEMANDS/WORK CONDITIONS:

In the performance of respective tasks and duties, the employee is expected to successfully perform the essential functions of the position. Reasonable employee accommodations for physical or mental disabilities will be considered on a case-by-case basis. While performing duties the employee is required to sit, talk, hear, lift up to 50 lbs., and may be required to work evenings and/or weekends, attend remote meetings and/or travel.

OTHER DUTIES:

This job description in no way should be construed as a contract for employment. These job duties may be subject to change at any time due to reasonable accommodation or other reasons. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.