BSA/AML Analyst

First United Bank

92d

About The Position

The BSA/AML Analyst is responsible for analyzing events of suspicious activity and/or money laundering to ensure that all potentially suspicious events are appropriately identified, documented, and escalated within specified timeframes in accordance with the Bank Secrecy Act Compliance Program.

Requirements

• High School Diploma or GED required.
• Minimum 1-3 years Banking/Compliance experience required.
• Knowledge of federal BSA/AML regulations required.
• Familiar with bank operations in general.
• Ability to professionally interface (both orally and in writing) with Management and Team members, State and Federal regulators and officials, and business partners.
• Ability to work with highly-confidential and sensitive business information and to maintain high standards of confidentiality.
• Proficient in Microsoft Office or similar software programs.
• Must possess a high level of initiative and a natural investigative demeanor.
• Ability to work independently and in a team environment to achieve department goals and objectives.
• Must be comfortable managing multiple and/or shifting priorities, and produce professional and accurate work product, sometimes under time constraints.
• Must possess the desire to increase learning and gain further expertise on AML/BSA/OFAC compliance matters.

Responsibilities

• Perform analysis of AML system alerts and core system reports to identify potential suspicious activity and escalations through task and case management.
• Compile data and maintain necessary records and files to ensure efficient and consistent escalation of suspicious investigations.
• Communicate with other parties to obtain additional information about activity and accounts.
• Research, analyze, and investigate customer account behavior on a daily basis for potential suspicious activity and/or money laundering.
• Track trends and detect unusual activity or behavior; monitor large currency activity and transactions.
• Determine if transactions are suspicious in nature, such as significant changes in balances, cash structuring in deposits, loans payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.
• Respond to alerts detected by the Bank’s AML or OFAC software system.
• Assist with special projects including review of BSA/AML/OFAC policies and procedures to maintain compliance with existing requirements along with new and emerging risk.
• Collaborate with the BSA Operations Manager and BSA Risk Manager on AML compliance matters.

What This Job Offers

• Education Level: High school or GED
• Number of Employees: 1,001-5,000 employees