Hybrid BSA Analyst II presso Commonwealth Business Bank

POSITION OVERVIEW

The BSA Analyst II is responsible for assisting the KYC Team Lead and supporting the BSA Officer on day-to-day implementation of Bank’s enhanced due diligence reviews, investigation, account identification, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity such as potential structuring, money laundering or terrorist financing to ensure the Bank complies with the Bank Secrecy Act and USA Patriot Act. This includes being responsible for ongoing monitoring, alert reviews, escalation, and subsequent reporting of suspicious activity to meet regulatory requirements. 

POSITION RESPONSIBILITIES

• Performing enhanced due diligence reviews of all assigned high-risk customers in accordance with the Bank’s policy and procedures. 
• Review Customer Due Diligence documentation for accuracy and consistency
• Identify additional risk factors for new accounts 
• Retrieve information from various sources (internal and external) to assist with investigations.
• Analyzing account data to determine the level of risk associated with each account and recommending a risk rating.
• Recommending clear and concise referrals to the SAR Team for further investigations and potential SAR filing.
• Review and disposition OFAC alerts taking appropriate action to escalate them when applicable.
• Keep direct supervisor aware of significant events that may impact day-to-day production.
• Comply with 314a information requests by screening law enforcement lists against the customer and transaction database and timely report positive matches.
• Complete all required bank training by assigned due dates.
• Maintain a strong understanding of BSA/AML/OFAC regulatory requirements.
• Keep up to date with the latest trends and investigative techniques.
• Other duties may be assigned by the BSA Officer.
• Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.).

SKILLS / QUALIFICATIONS

• Minimum of 3-5 years of BSA/AML compliance experience is highly preferred.
• Maintain a high standard of professionalism, confidentiality and security.
• Strong computer skills (Word, Excel, Outlook). 
• Excellent written and oral communication skills.
• Well-organized, analytical, and capable of performing multiple tasks.
• Strong time management skills.
• Ability to work in a fast-paced environment.
• Creative thinker.
• Internet savvy.

EDUCATION / EXPERIENCE

• Bachelor’s Degree in related fields of business or financing or equivalent experience is preferred.
• CAMS or AMLP certification a plus.

We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $58,000 - $70,000. Hourly and salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.