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

At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers. If you need assistance searching for a job or submitting an application, please contact us by calling View phone number on ziprecruiter.com and a member of our Recruitment team will follow up with you. Mahalo for your interest in American Savings Bank!