BSA/AML Analyst I/II

River Valley Community Bank•Yuba City, CA

About The Position

A BSA/AML Analyst works under the supervision of the BSA Officer to perform functions within Bank’s BSA/AML & OFAC Compliance Programs in accordance with applicable federal regulations. They strive for excellence, focusing on collaboration, regulatory compliance and security and safety in accordance with the bank’s objectives. The BSA/AML Analyst is primarily responsible for CTR processing, alert review and New Account CIP review. They exercise sound judgment and decision making when reviewing and assessing BSA/AML related reports, documents and alerts generated from the BSA/AML software. They interact with operations and lending staff when gathering documents and information for the BSA/Compliance Department. The analyst is assigned departmental tasks, which are to be completed accurately in a timely manner, by the Assistant BSA Officer or BSA Officer. At times they will have time prescribed constraints to complete tasks. They must understand and adhere to the bank’s policies and procedures. They are expected to have knowledge, an understanding, and be compliant with all Federal and State consumer and business bank regulations.

Requirements

Two years or more of Bank experience.
Have an understanding of applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e., BSA, US PATRIOT Act, FFIEC BSA/AML Examination Manual, etc.).
Demonstrate sound banking and compliance knowledge related to AML/KYC issues.
Ability to observe the highest degree of confidentiality in the handling of information received in the course of the job responsibilities.
Detail oriented with an ability to complete tasks with a high degree of accuracy.
Strong verbal, written, and interpersonal communication skills.
Excellent organizational and time management skills.
Ability to comfortably interact and work with all levels within the organization, including staff members and management.
Self motivated.
Ability and willingness to follow policies, procedures, and regulatory banking requirements.
Basic knowledge of computers and computer software such as Microsoft Word, Microsoft Outlook, and Excel.
Two years or more of BSA-AML Compliance experience.
Have a strong understanding of applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e., BSA, US PATRIOT Act, FFIEC BSA/AML Examination Manual, etc.).
Detail oriented with an ability to complete tasks with a high degree of accuracy.
Demonstrate extensive banking and compliance knowledge in working AML/KYC related issues, identify patterns and trends consistent with money laundering and terrorist financing.
Ability to observe the highest degree of confidentiality in the handling of information received in the course of the job responsibilities.
Excellent organizational and time management skills.
Strong verbal, written, and interpersonal communication skills.
Ability to comfortably interact and work with all levels within the organization, including staff members and management.
Self motivated.
Understanding of basic accounting within a financial institution.
Advance knowledge of computers and computer software such as Microsoft Word, Microsoft Outlook, and Excel.
Familiarity with BSA/AML transaction monitoring processes and software
Ability and willingness to follow policies, procedures, and regulatory banking requirements.
High School Diploma or its equivalent required.

Responsibilities

Understand and maintain compliance with all applicable Federal and State regulations.
Manage and review BSA alerts within the bank’s AML software system.
Conduct monthly Customer Identification Program reviews, including review account opening reports for CIP compliance and accuracy; maintain database of missing information for follow up by branch personnel and review required Business documents, including but not limited to Beneficial Ownership forms and Customer Risk Ratings.
Review and prepare CTRs daily through BSA monitoring software or BSA e-Filing system including review of core and staff generated CTR reports for accuracy and completeness.
Undertake and make corrections where needed to finalize the CTR.
Review and prepare needed CTR reports where not captured by the core or branch staff.
Maintain records for regulatory retention periods.
Perform review of potential OFAC hits.
Process 314a lists against bank's records.
Assist BSA Officer with BSA and/or regulatory compliance research.
Keep abreast of regulatory and legal developments governing the Bank’s operations, products and services.
Conduct and document case research.
Daily report review and entry of MILs into Verafin.
Assist with preparing and reviewing department reports as assigned.