BSA/AML Alert Surveillance Analyst I

Provident Bank • Woodbridge, NJ

3d • $25 - $32 • Onsite

About The Position

Learn the fundamentals of BSA/AML/EDD alert dispositioning.  Learn monitoring, analysis, and mitigation and escalation workflows, and maintain records with appropriate audit trails to be used as support during internal and external audits and regulatory examinations. Assist in supporting various BSA/AML/EDD related activities, including investigating and researching suspicious activity, monitoring the BSA/AML detection system, 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 the preparing case investigations for the BSA/AML/EDD Investigations team.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
• Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
• Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees