BSA Analyst Job at BNB Bank – 3.9 in Whitestone, NY

Summary: The BSA Analyst will assist the BSA Manager in the administration of Dime’s BSA/AML/OFAC program. Responsible for independently performing analysis of complex financial transactions and providing a recommendation to the BSA Manager as to whether a Suspicious Activity Report (SAR) should be filed. Performs additional due diligence and analysis as required for high risk customers, and as otherwise directed by the BSA Manager. Provides guidance and quality assurance for Associate BSA Analysts as needed.

Review and evaluate the Transaction Monitoring system’s alerts (including related modules) for Low, Medium and High-Risk accounts as assigned and directed

Review and evaluate customer transactions upon referral from other Bank departments (UARs), or as otherwise directed

Follow up with branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious

Identify and refer potentially suspicious activity for further investigation by grouping the suspect transactions and gathering supporting documentation

Complete investigations of potentially unusual or suspicious transactions by preparing and/or finalizing an investigation narrative and gathering supporting documentation in accordance with departmental guidelines

Prepare SARs in accordance with departmental procedures and templates

Justify alerts and UARs that are not deemed suspicious with detailed narrative in accordance with departmental guidelines

Perform and document Enhanced Due Diligence (EDD) analysis for High-Risk customers in accordance with departmental procedures

Perform quarterly Customer Identification Program (CIP) quality assurance reviews and report any systemic issues to BSA Management

Perform Annual CTR Exemption reviews as directed and in accordance with department procedures

Perform quality assurance reviews of prepared CTRs prior to filing

Assist in maintaining departmental policies and procedures

Assist with BSA/AML Compliance training development and updates for new employees and other Bank departments

Gather and provide data for quarterly Compliance Committee of the Board reports and updating of the Bank’s BSA/AML and OFAC Risk Assessments

Handle any other duties or special projects as assigned by BSA Management

Bachelor’s degree or equivalent job experience required

Minimum five years’ financial services experience, of which at least two years must be BSA/AML/OFAC compliance analysis and investigation experience

General understanding of BSA/AML and OFAC laws, regulations, and guidance

The ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential

Must exhibit the ability to work both independently and in a team-oriented environment

Ability to work with other business units in a professional manner

Strong transactional research, analytical, multitasking, and problem-solving skills required

Excellent communication (verbal and written), organizational, and follow-up skills are necessary

Strong knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint)

CAMS certification a plus

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

About the Company

Company: BNB Bank – 3.9

Company Location:  Whitestone, NY

Estimated Salary:

About BNB Bank - 3.9