BSA Analyst I

Sunwest Bank•Sandy, UT

12d

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.

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.