BSA AML Alert Surveillance Analyst I - Oak Ridge, NJ

Provident Bank•Oak Ridge, NJ

3d•Onsite

About The Position

This position offers an opportunity to learn the fundamentals of BSA/AML/EDD alert dispositioning, monitoring, analysis, mitigation, and escalation workflows. The role involves maintaining records with appropriate audit trails for internal and external audits and regulatory examinations. The analyst will also assist in various BSA/AML/EDD related activities, including investigating and researching suspicious activity, monitoring the BSA/AML detection system, and coordinating BSA/AML alerts and related activities.

Requirements

High School diploma or GED plus advanced schooling at the community college or university level in such fields as Criminal Justice, Accounting, Business Administration, Finance, etc.
0-18 months related experience and/or training.
Excellent written and oral communications skills combined with a demonstrated ability to clearly understand, translate and articulate projects, objectives, goals, schedules and assignments across various personnel and management levels.
Ability to work effectively with Bank staff at all levels as well as with outside vendors and regulators.
Knowledge of laws applicable to money laundering, to include the BSA, The USA Patriot Act, U.S. Treasury AML guidelines, OFAC requirements and Suspicious Activity Reporting requirements.
Experience in banking services, branch operations, risk management or other related functions essential.
Ability to work independently and as a team.
Superior organizational and analytical skills.
Strong time management skills.
Must be highly flexible, multi-task oriented, and capable of changing directions based on immediate business demands.
Basic Proficiency with Microsoft Office including Outlook, Word, Excel and PowerPoint

Responsibilities

Assist in investigating and dispositioning alerts generated from third-party software for various types of potential fraud.
Learn monitoring, analysis, and mitigation and escalation workflows.
Assist in communicating with various areas of the organization to perform enhanced investigations.
Assist in preparing case investigations for the BSA/AML/EDD Investigations team.