BSA - Analyst bei US Century Bank

Description

Summary: The BSA Analyst is a key individual contributor to the team. Works under the oversight and direction of the SVP/BSA-AML Officer. Responsible for identifying customers who may have a high-risk profile from a BSA-AML compliance perspective. Conducts enhanced due diligence (EDD) on new and existing customers determined to be high-risk, performs periodic transaction reviews to identify red flags or suspicious activities.  The BSA Analyst is expected to assist the Supervisor with analytics and management reporting tasks. 

Requirements

Essential Duties and Responsibilities:  Other duties and/or tasks might be assigned a needed.

EDD Review for High-Risk Customers – Complete enhanced due diligence according to the annual review schedule. Coordinate with account officers to obtain updated financials and complete visitations on a timely basis. Perform an account/transaction review to assess if activity is consistent with customer profile and expected activity. Prepare a comprehensive write up with observations and conclusions. Present EDD results to the Supervisor. Maintain comprehensive documentation for EDD reviews completed. As assigned by the Supervisor, perform quality control procedures for EDD documentation reviews prepared by other team members, before review is certified for sign-off.

EDD for New Customer On-boardings – Complete enhanced due diligence for new customer/account on-as assigned by the Supervisor. Review CIP documentation to ensure accuracy. Review customer profile and expected activity, address with account officers any issues noted for prompt remediation. Maintain comprehensive documentation for EDD reviews completed.

CDD and EDD support – Provide support to the KYC and CDD unit, handling specialized or complex due diligence requests as assigned by the Supervisor, e.g., international personal accounts, domestic and international PEPs, Private Investment Companies (PICs), ACH originators, RDC originators, Cannabis Related Businesses (CRBs), loan prospects. Provide comprehensive and timely responses for due diligence assigned.  

Referrals and Collaboration - Refer any unusual activity to the Financial Intelligence unit. Collaborate with the International unit when handling due diligence requests that involve complex ownership structures for international businesses. Assist the Supervisor with the creation, follow up and tracking of “BSA Alerts”, when necessary. Aid and support to other members of the team, when needed.

RBCDD and Risk Assessments – Provide support to the Supervisor with the development of the annual risk-based customer due 

diligence review schedule for high-risk customers. Active participation in the annual re-grading review. Assist the Supervisor with any data requirements for the annual BSA risk assessment, contributing key data inputs for the assessment of the Bank’s high risk customer base. 

Analytics and Management Reporting – Prepare comprehensive and insightful analytic reports on a timely fashion, to facilitate oversight of CDD/EDD reviews performed and overall productivity. Monitor key performance indicators for duties assigned (e.g., EDD reviews completed on schedule, CDD/EDD support tasks completed, investigation referrals). Assist the Supervisor with preparation of reports for management and committees. 

Professional Development – Complete mandatory training courses within required timelines. Pursue and attend webinars, seminars and conferences that are relevant to duties and responsibilities. Remain up to date on BSA/AML/OFAC regulations and industry developments. 

Other Tasks and Special Projects - Assist with additional duties and special projects assigned by the Department or the Division head. 

Supervisory duty: None. 

Backup Duties: Designated as back-up for the following essential duties: Perform the monthly PREVENT Risk rating analysis of new accounts. Follow up with the various business lines for document collection for EDD.

Responsible for compliance with following regulations (as applicable)

1. Bank Secrecy Act (BSA)

2. Anti Money Laundering (AML)

3. Office of Foreign Asset Control (OFAC)

4. Know your Customer (KYC)

4. Deposit regulations (e.g., Reg. DD- Truth in Savings, Reg. E-Electronic Funds Transfer Act, etc.)

5. Lending regulations (e.g., Reg. B- Fair Lending, Reg. C-HMDA, Reg. Z- Truth Lin Lending Act, etc.)

6. Unfair, Deceptive, Abusive, Acts or Practices (UDAAP)

7. Community Reinvestment Act (CRA)

8.Gramm-Leach-Bliley Act (GLBA) and Privacy Act. 

USCB Policies and Procedures: All officers and employees of the Bank are to maintain an understanding of all USCB Policies and Procedures as outlined in the Bank’s intranet portal. All employees are to follow said policies and procedures and report any knowledge of a variance of the same.

Qualifications and Requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be to enable individuals with a disability to perform the essential functions.

Language Skills: Effective verbal and written communication skills. Including ability to read, analyze, and interpret business and technical documents. Respond to inquiries or complaints from internal customers or external stakeholders conforming to service and communication standards adopted. Bilingual (English and Spanish) is preferred.

Education and/or Experience:

Bachelor’s degree (B.S. or B.A.) from a four-year college or university; one to three years of related experience and/ or training; or equivalent combination of education and experience. 

Other Skills:

Analytical and problem-solving skills. 

Critical thinker, inquisitive and curious to learn. 

Time-management skills.

Proficient in MS Office applications, e.g., Word, Excel, Power Point, Teams.

Ability to write reports and business correspondence that conforms to prescribed style and format.

Ability to relate well with others and quickly create a working rapport. 

Ability to present complex information and analyses in a concise manner. 

Professional certifications and training are recommended (e.g., Bank Secrecy Act, Anti-Money Laundering, Office of Foreign Assets Control)

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel objects or controls; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop, kneel, crouch, or crawl. The employee may occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision. 

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The work environment is a climate-controlled office setting where the noise level is usually moderate.

Work Habits: Include regular attendance, teamwork, initiative, dependability, and promptness.

Disclaimer: This job description is not employment agreement or contract. Management has the exclusive right to alter this job description at any time.