Bsa/Aml Analyst Ii

Position Summary:

Participates in day-to-day implementation of Bank’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) programs. Takes initiative and assumes leadership in relevant processes.

Position Responsibilities:

• Be a part of the team that is responsible for the following:
• Ensures compliance with the Anti Money Laundering, Know Your Customer, OFAC/Sanctions and other regulatory requirements.
• Remains proficient in automated or manual systems used to detect suspicious activity and identify list matches.
• Performs Enhanced Due Diligence and Know Your Customer (KYC) reviews.
• Performs transaction analysis of customer activity in a transaction monitoring system and via manual reports.
• Identifies trends of suspicious financial activity; monitors and researches suspicious financial transactions.
• Facilitates suspicious activity investigations.
• Completes Suspicious Activity Reports (SARs) and SAR follow-ups.
• Reviews CTRs for proper completion.
• Processes 314(a) information requests
• Assists with submission of SARs and CTRs to FinCEN, tracks regulatory timelines.
• Interacts with Branch Personnel to obtain copies of account and customer information related to CIP and Enhanced Customer Due Diligence.
• Develops financial product, system, and process knowledge relating to anti-money laundering and Sanctions compliance.
• Remains updated on regulatory changes and court rulings as they relate to BSA, OFAC, AML, and consumer compliance regulations.
• Prepares analytics and reports to senior leadership.
• Attends job related seminars and workshops as needed.
• Possesses a strong working knowledge of business line operating practices and policies; and maintains strong working relationships with appropriate industry groups and governmental agencies. Position will work closely with Line of Business representatives, Legal, Risk & Compliance, Audit, Human Resources, vendors and law enforcement.
• Assists with any projects assigned to the Risk and Compliance Department.
• Performs other functions as required by the team’s priorities or assigned by the management.
• Be able to perform duties and prioritize tasks with minimal supervision.
• Demonstrate initiative in addressing the needs of the team.
• Provide leadership and guidance to junior staff.

Essential Skills and Experience:

• Bachelor’s degree or equivalent of relevant work experience
• Industry certification such as CAMS, CRCM, CFCS is preferred
• Working knowledge of AML rules and regulations
• Hands-on experience with KYC, AML and OFAC monitoring software
• Minimum of 3 years of working in AML function
• Good understanding of banking operations and types of transactions
• High work ethics
• Must be skilled at problem identification and resolution
• Strong verbal and written communication skills
• Excellent organizational and time management skills
• Able to work independently and multitask as needed, with limited supervision
• Ability to deal effectively and tactfully with Bank personnel of other departments either in person or over the phone
• Ability to operate a PC and working knowledge of Microsoft Office products