BSA Analyst I

United Fidelity Bank • Evansville, IN

9d

About The Position

It's fun to work at a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Job Summary : Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration. The BSA Analyst I is responsible for the monitoring of bank wide financial activity to ensure the detection of suspicious activity and compliance with Bank Secrecy Act (BSA) related laws. The candidate must be able to perform analysis and conduct investigations to ensure compliance with BSA, Office of Foreign Assets Control (OFAC) and the USA PATRIOT Act. The incumbent will use independent analysis to recognize compliance related solutions for the AML/CFT program. In addition, the candidate will assist the BSA Analyst II, Senior BSA Analyst and BSA Officer with implementing and tracking projects and training for the BSA department. Essential Job Functions include, but are not limited to: Research, analysis, and investigation of assigned alerts generated by the AML/CFT monitoring system and review, close and/or escalate a case depending on the investigation outcome based on the type of alert, in accordance with AML/CFT/OFAC monitoring policy. Perform customer due diligence (CDD) and enhanced due diligence (EDD) as needed, for depository customers. Complete various bank reports on a daily, monthly, quarterly, and annual basis. Prepare Currency Transaction Reports (CTRs) daily for e-file within the required time frame. Be knowledgeable of bank products, services, customers, geographic locations, and potential money laundering and terrorist financing risks associated with those activities. Keep abreast of new or changing regulatory requirements as they pertain to BSA, AML, and OFAC. Perform duties related to the Bank Secrecy Act under the guidance of the Senior BSA Analyst and BSA Officer. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. In accordance with the Americans with Disabilities Act, reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Requirements

• Analytical abilities.
• Ability to stay organized and manage daily responsibilities.
• Proficiency in Microsoft Office suite of products.
• Written and verbal communication skills.
• Ability to perform work accurately and thoroughly.
• Ability to use thinking and reasoning to solve a problem.
• Ability to demonstrate conduct conforming to a set of values and accepted standards.
• Bachelor’s Degree preferred.
• One to two years banking experience preferred.
• Working knowledge of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and the USA PATRIOT Act preferred.

Responsibilities

• Research, analysis, and investigation of assigned alerts generated by the AML/CFT monitoring system and review, close and/or escalate a case depending on the investigation outcome based on the type of alert, in accordance with AML/CFT/OFAC monitoring policy.
• Perform customer due diligence (CDD) and enhanced due diligence (EDD) as needed, for depository customers.
• Complete various bank reports on a daily, monthly, quarterly, and annual basis.
• Prepare Currency Transaction Reports (CTRs) daily for e-file within the required time frame.
• Be knowledgeable of bank products, services, customers, geographic locations, and potential money laundering and terrorist financing risks associated with those activities.
• Keep abreast of new or changing regulatory requirements as they pertain to BSA, AML, and OFAC.
• Perform duties related to the Bank Secrecy Act under the guidance of the Senior BSA Analyst and BSA Officer.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees