Analyst - BSA

Central Pacific Bank•Honolulu, HI

22h•$43,680 - $90,248•Onsite

About The Position

The level of the position will be determined based on the candidate’s experience and qualifications. This role is responsible for implementing various aspects of the Bank's Bank Secrecy Act (BSA)/ Anti-Money Laundering (AML)/ Office of Foreign Assets Control (OFAC) Program. The candidate will perform all duties and interact with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Requirements

High School Diploma or GED equivalency required.
3+ years of Bank compliance, audit, examination, and/or legal experience required (for Analyst I).
4+ years of Bank compliance, audit, examination, and/or legal experience required (for Analyst II).
5+ years of Bank compliance, audit, examination, and/or legal experience required (for Senior Analyst).
6+ years of Bank compliance, audit, examination, and/or legal experience required (for Lead Analyst).
BSA experience preferred (for Analyst I, II, Senior, Lead).
Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
Must be able to read and understand bank-related documents.

Nice To Haves

Associate’s Degree from an accredited higher-level learning institution preferred.

Responsibilities

Develop/Maintain department-level and bank-level policies and procedures, recommend changes to procedures or processes to improve program effectiveness, and assist the business units in developing and maintaining their BSA-related processes and procedures.
Conduct or facilitate BSA training for employees. Develop and maintain the BSA content on the Compliance Connect page of the intranet.
Maintain records and documentation of the Bank’s BSA compliance program and its elements, in the form and substance necessary to demonstrate the Bank’s fulfillment of BSA requirements.
Facilitate the Bank’s CIP, including monitoring and testing of the CIP, as necessary and appropriate.
Facilitate the identification of potential high-risk customers at account opening, through account monitoring, and through the BSA software. Conduct and document EDD reviews.
Make recommendations on the final risk ratings through the CDD and EDD processes, including recommendations for additional monitoring, the filing of a Suspicious Activity Report (SAR), and/or account closure.
Review and analyze potential SAR activity; determine whether to file the SAR and document the SAR decision by completing the SAR or documenting the non-SAR; and recommend any other actions, including account closure.
Review and file CTRs in accordance with the regulatory requirements. Recommend customers for CTR exemptions, as appropriate, and monitor, file and periodically review all CTR exempt customers within the required timeframes.
Facilitate all other regulatory filings, including but not limited to foreign bank and financial accounts reporting and the international transportation of currency or monetary instruments.
Facilitate proper compliance with 314(a) requests, special measures, and other governmental inquiries and requests, as well as compliance with any 314(b) information sharing.
Facilitate the administration of the Bank’s Office of Foreign Assets Control (OFAC) Program.
Keep abreast of the BSA and all related regulations. Understand the Bank’s products, services, customers, entities, and geographic locations, and the potential money laundering and terrorist financing risks associated with the Bank’s activities.
Provide BSA support and guidance to the Bank, and respond to branch and department inquiries on BSA matters.
Ensure their team’s various duties are completed in a satisfactory and timely manner. This may include providing coaching, training, and other guidance as appropriate. The Senior Analyst and Team Leader will also provide assistance to the BSA Officer, Deputy BSA Officer, and BSA Administrator as needed.
Oversee a team comprised of other BSA employees which may include a BSA Specialist, Analysts, and Senior Analysts.
Assist the BSA audits and examinations, and any corrective action that is taken for any actual or potential BSA compliance issues or violations.