BSA/AML Analyst II

Bar Harbor Bank & Trust • Hampden, ME

388d

About The Position

The BSA/AML Analyst II position at Bar Harbor Bank & Trust involves conducting investigations related to anti-money laundering and compliance with federal regulations. The role is crucial in identifying potential risks associated with high-risk customers and ensuring adherence to the Bank Secrecy Act and other regulatory requirements. The analyst will work closely with the BSA/AML Officer and law enforcement agencies to report findings and contribute to the bank's overall compliance efforts.

Requirements

• Minimum of a high school degree or the equivalent.
• Minimum of 3 years of demonstrated BSA/AML operations and compliance experience in the financial services industry required.
• Comprehensive knowledge of the Bank Secrecy Act, USA PATRIOT Act, and OFAC regulations.
• Desire to work with others to develop solutions for internal and external customers.
• Strong analytical written and verbal communication skills, with a focus on attention to detail.
• Professionalism, multitasking ability, and capability to work independently under pressure in a fast-paced environment.
• Ability to function with a high degree of independence or collaboratively within a team, making decisions quickly using sound judgment.
• Strong analytical skills including the ability to research, analyze, and present investigative findings to management.
• Working knowledge of Windows-based software programs and adaptability to various software programs as required.
• Knowledge or experience working in Branch/Retail Operations or Bank Operations.

Responsibilities

• Review various reports and case lists to determine the need for an investigation and/or to prevent monetary loss.
• Perform investigations and report findings to the BSA/AML Officer.
• Analyze high-risk customers and relationships to determine acceptable activity.
• Interact with Law Enforcement agencies on cases as needed and under the direction of the BSA/AML Officer.
• Provide backup personnel coverage for internal investigations and currency transaction report processing.
• Review alerts generated in Yellow Hammer from FinCEN's 314(a) confidential list for potential matches within Bank records.
• Review system-generated alerts relative to OFAC; research and follow up to record and report findings under the direction of the BSA/AML Officer.
• Identify weaknesses in training and/or processes and work with the BSA Officer to address the same.
• Positively contribute toward successful completion of internal audits and external examinations, including those performed by FDIC and BOFI.
• Enthusiastically support the Bank's Guiding Principles and Brand Behaviors.
• Adhere to federal regulatory requirements, such as the Anti-Money Laundering and Bank Secrecy Act.
• Perform other duties as requested.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: High school or GED