BSA Analyst

Job Description

Job Description

Location: Mineola/Hauppauge 

About Us:  

Hanover Bank– When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals. 

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary:   

Hanover Bank is looking for a full-time BSA Analyst to join the team. The BSA Analyst is responsible for assisting with most aspects of the Bank’s BSA/AML compliance program. They will review and investigate alerts and perform other BSA compliance duties as assigned. 

  Job Duties and Responsibilities:

• Review & clear alerts generated by the Bank’s BSA/AML transaction monitoring system. Escalate alerts to cases for further review in a timely manner.
• Conduct in-depth investigations, including potential regulatory filings (SARs) for unusual activity.
• Daily monitoring of audit log, OFAC review, and unvalidated transactions.
• Assist in the preparation and submission of Currency Transaction Reports (CTR) within the required time frames.
• Perform Enhanced Due Diligence reviews on High-Risk Customers.
• Assisting in calibration of transaction monitoring rules and in preparation of BSA/AML/OFAC annual risk assessment.
• Stay current with changes in BSA and related laws & regulations.
• Handle any other duties or special projects as assigned by BSA Management.

Professional Requirements:

• CAMS Certification preferred, or willing to obtain after one year of employment.

Education and Experience:

• Bachelor’s degree required
• 1 - 3 years BSA experience preferred

Skills and Abilities:

• Working knowledge and understanding of general banking principles. 
• Strong internet research skills. 
• Strong verbal and written communication skills. 
• Sound analytical and problem-solving skills. 
• A high degree of accuracy and attention to detail. 
• PC literate with proficiency in Microsoft Outlook, Word & Excel. 
• Ability to work and contribute in a team-oriented and collaborative environment. 
• Ability to meet deadlines and manage multiple tasks.

Our Benefits: 

Health & Wellness Benefits

• Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options)
• Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D)
• Company-paid Long-Term Disability Insurance

Voluntary Benefits

• Additional Life and AD&D Insurance for employee, spouse, and dependents
• Voluntary Short-Term Disability Insurance
• Pet Insurance
• Legal Services Plan
• Accident Insurance
• Hospital Indemnity Insurance
• Cancer Care Insurance

Retirement

• 401(k) Plan with Company Match

Time Off & Recognition

• Paid Personal Time Off (PTO)
• Paid Company Holidays
• Annual Performance Bonuses
• Annual Salary Increases

Employee Engagement

• Company-sponsored Events
• Employee Contests and Recognition Programs

Hourly rate: $24.00-$31.25; placement within this range will vary based on experience and skill level. 

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, national origin, disability or protected veteran status.