BSA Analyst I

Sunwest Bank•Sandy, UT

23h

About The Position

Works closely with the BSA Department to ensure that all departments within the Bank are compliant with BSA Requirements and is responsible for overseeing a portion of the day-to-day monitoring, reporting, and control processes within the BSA department. The BSA Analyst I is actively engaged with other departments within the bank to assist in clarifying BSA requirements and ensuring that their procedures cover necessary BSA elements. ESSENTIAL DUTIES AND RESPONSIBILITIES Actively investigates flagged transactions. This includes analyzing alerts generated by the Bank’s monitoring systems and escalating cases when necessary. Prepare clear, thorough narratives and reports for each alert or case, summarizing findings, conclusions, and disposition decisions. Effectively manages multiple cases and tasks, prioritizes work, and meets strict deadlines in a regulated environment. Exercises sound judgment in determining when to escalate alerts and how to resolve cases. Escalates all matters mentioned above to the VP BSA Supervisor or Senior Management if the items cannot be resolved. Support general BSA/AML compliance activities and other duties as assigned by the BSA Officer or their designee. ADDITIONAL RESPONSIBILITIES Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management. Demonstrates high level of quality work, attendance and appearance. Adheres to all Company Policies & Procedures and Safety Regulations Stay abreast of regulatory changes, industry standards and best practices. Adheres to local, state and federal laws Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position. SUPERVISORY RESPONSIBILITIES This position does not have supervisory responsibilities MINIMUM QUALIFICATIONS Bachelor’s degree from an accredited college or university or three years of related banking experience and/or training or the equivalent combination of education and experience. Comprehensive knowledge of bank products and services, including Bank Secrecy Act compliance, is required. Bank operational experience of no less than three years, with exposure to branch and back-office operations, as well as compliance functions. BSA/Compliance-specific experience of no less than one year, with exposure to transactional analysis as well as general program and reporting requirements. Strong professional skills with emphasis on planning and organization. Strong and thorough knowledge of Bank policies and procedures. General knowledge of overall Bank products and services, particularly those offered in a commercial banking environment. Ability to multi-task and manage multiple activities to completion within strictly regulated deadlines. Experience with FiServ or other major core and reporting applications is desired COMPETENCIES: Adaptability Communication Decision Making Initiative Innovation Motivator Organization Professionalism Results Orientated PHYSICAL DEMANDS: In general, the following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be provided to allow differently abled individuals to perform the essential functions of the job. Standing, walking and squatting less than fifty percent of the work shift. Ability to read, count and write to accurately complete all documentation and reports Must be able to see, hear and speak to communicate with employees and other customers Specific vision abilities include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus. Manual dexterity required using hands to finger; handle, feel and type; reach with hands and arms (Check the box that applies by double clicking on the box.) Sedentary: Limited activity, no lifting, limited walking Moderate: Mostly standing, walking, bending, frequent lifting X Light: Office work, some lifting, bending, stooping or kneeling, walking Arduous: Heavy lifting, bending, crawling, climbing WORK ENVIRONMENT: In general, the following conditions of the work environment are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to allow differently abled individuals to perform the essential functions of the job within the environment. The workspace is clean, orderly, properly lit and ventilated with the proper safety compliance Noise levels are considered moderate Sunwest Bank Is an Equal Opportunity Employer Sunwest Bank works with staff members and customers without regard to race, ancestry, national origin, sex, marital status, age, religion, medical condition, handicap, disability or veteran status and to assist the Bank in maintaining its Affirmative Action Program. Compliance with Bank Secrecy Act laws and regulations is considered an extremely serious matter, and it is intended that Sunwest Bank, through the purposeful efforts of its employees and officers, are expected to make every resolute attempt to conform to its Bank Secrecy Act Program and Procedures. Failure to comply will be reflected in their performance review as well as in any bonus compensation programs in which they may participate. Attend and complete all required classroom, computer-based, web-based and seminar training. It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with Sunwest Bank’s “Code of Ethics and Conduct.” Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position Note: The preceding job description has been designed to indicate the general nature and level and work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. All job descriptions can be amended without notice as warranted by business necessity.

Requirements

Bachelor’s degree from an accredited college or university or three years of related banking experience and/or training or the equivalent combination of education and experience.
Comprehensive knowledge of bank products and services, including Bank Secrecy Act compliance, is required.
Bank operational experience of no less than three years, with exposure to branch and back-office operations, as well as compliance functions.
BSA/Compliance-specific experience of no less than one year, with exposure to transactional analysis as well as general program and reporting requirements.
Strong professional skills with emphasis on planning and organization.
Strong and thorough knowledge of Bank policies and procedures.
General knowledge of overall Bank products and services, particularly those offered in a commercial banking environment.
Ability to multi-task and manage multiple activities to completion within strictly regulated deadlines.

Nice To Haves

Experience with FiServ or other major core and reporting applications is desired

Responsibilities

Actively investigates flagged transactions.
This includes analyzing alerts generated by the Bank’s monitoring systems and escalating cases when necessary.
Prepare clear, thorough narratives and reports for each alert or case, summarizing findings, conclusions, and disposition decisions.
Effectively manages multiple cases and tasks, prioritizes work, and meets strict deadlines in a regulated environment.
Exercises sound judgment in determining when to escalate alerts and how to resolve cases.
Escalates all matters mentioned above to the VP BSA Supervisor or Senior Management if the items cannot be resolved.
Support general BSA/AML compliance activities and other duties as assigned by the BSA Officer or their designee.
Demonstrates high degree of professionalism in communication, attitude and teamwork with customers, peers and management.
Demonstrates high level of quality work, attendance and appearance.
Adheres to all Company Policies & Procedures and Safety Regulations
Stay abreast of regulatory changes, industry standards and best practices.
Adheres to local, state and federal laws
Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions, as they apply to your position.