BSA Regulatory Analyst

Job Description

Job Description

Primary Purpose of Job

Carries out the operations of the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program by ensuring that regulatory requirements are satisfied.

Major Job Accountabilities

• Evaluates risk criteria and identifies suspicious account activity. Determines whether blocking or closing accounts is required, and whether criteria is satisfied for reporting to regulatory agencies within regulatory guidelines. 
• Responsible for general oversight of the CTR program, which may include processing, inputting, and e-filing Currency Transaction Reports (CTR). Responsible for administering CTR Exemption Program, including filings and annual reviews. Makes determinations regarding blocking or closing accounts and reporting to regulators within regulatory deadlines. 
• Reviews case transaction reports and applies decision making regarding disposition.
• Coordinates, maintains and develops enhancements to various components of the Bank Secrecy Act program including but not limited to the Customer Identification, Customer Due Diligence, and Enhanced Due Diligence Programs. 
• Provides advice and guidance to lines of business regarding compliance with applicable banking laws, regulations, regulatory policies & procedures.
• Completes all requisite job training.

Experience Required

Minimum six (6) months to one (1) year of similar or related experience is a plus:

• Investigating complex BSA/AML suspicious activity cases;
• Performing reviews for customers deemed to be high risk; 
• Making accurate SAR filing determinations; 
• Independently complete: CTR cases, Monetary Instrument Logs, OFAC reviews and approvals, 314(a) and (b) requests;
• Performing analysis of information/data to interpret and apply to business decisions; 
• Writing and presenting in a manner that effectively communicates with all levels of the organization.

Required Skills or Training

• Demonstrated organizational skills and flexibility to adapt to rapidly changing priorities.
• Effective communicator, demonstrated through listening, writing, and oral presentations to broad constituency groups that may include management, internal auditors, external regulators, etc.
• Demonstrated ability to work independently, applying knowledge of policies & procedures to deliver results.

 

EOE, including disability/veterans

 

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