BSA Analyst

BSA Analyst

Shore United Bank is seeking a full-time BSA Analyst to join our team. The BSA Analyst supports the BSA Officer, by assisting in performing various quality control reviews. The BSA Analyst is responsible for researching, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity. This includes but is not limited to potential structuring, money laundering or terrorist financing, to ensure the bank is in compliance with the Bank Secrecy Act and USA Patriot Act. The BSA Analysts are responsible for identification of unusual transactions and escalating incidents when necessary to the BSA Officer, in a timely and accurate manner. The BSA Analyst will monitor the daily alerts, currency transaction reports, and other duties as needed to assist on investigation and ongoing reporting.

Essential Functions Include:

• Responsible for day-to-day monitoring and/or investigation of potentially suspicious activity.
• Maintains knowledge of BSA aspects of Compliance regulatory mandates, discretion of highly confidential information, and adherence to sensitive timeline.
• Document findings in concise, detailed and accurate manner, consistent with policy procedure and enhanced due diligence.
• Reviews daily large currency transaction report and CTRs for accuracy. Performs research on suspicious activity.
• Assists in reviewing and researching any SAR referrals, as well as maintaining the documentation.
• Assists BSA Officer in ensuring all BSA/AML, OFAC, CIP policies and procedures are up to date and followed on a consistent basis.
• Review and research daily alerts in Verafin.
• Supports other Bank staff as necessary.
• Reviews CIP information/documentation that pertains to BSA for accuracy and completion.
• Assists in identifying and evaluating the bank's risk area.
• Facilitates collection of audit materials required by BSA compliance co-sourced audit partners and regulatory examination groups and transfer materials to appropriate electronic portal.
• Completes required regulatory compliance training as assigned on or before the deadlines.
• Review and collect account data for High Risk and exempt customers, to compare and analyze information from previous to current review periods.
• Performs daily, monthly, quarterly, semi-annual, and annual monitoring of BSA program.
• Completes and submits a self-evaluation in timely manner.
• Performs other duties as assigned to support the BSA Department.
• Ability to follow policy/procedures put in place by upper management.
• Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.

Location: This position can work from one of two locations:

• Downtown La Plata Branch - 202 Centennial St., La Plata, MD 20646
• Westgate Building - 200 Westgate Circle, Suite 200, Annapolis, MD 21401

Position Type/Expected Hours of Work:

• Full-time.
• Non-exempt.
• Days of Work: Monday-Friday.

Required Education and Experience:

• High school diploma/GED equivalent.
• 1 year experience successfully providing excellent customer service in a fast-paced environment.
• Minimum of 2 years of professional experience in banking, including knowledge of regulatory compliance standards.

Compensation:

• The pay range for this position is $21.00 to $25.00 hourly.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Company Benefits:

• Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
• Comprehensive benefits package for full-time, permanent employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
• Paid parental leave
• 401k savings plan with up to a 4% company match
• Employee Stock Purchase Plan
• Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
• Opportunity for growth and advancement
• Paid training program and continuous training sessions throughout the year on various topics
• Generous paid time off and paid sick time
• Community involvement opportunities

Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.

Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.