BSA Analyst II

COMMERCEWEST BANK•Irvine, CA

1d•Onsite

About The Position

The BSA Analyst II is responsible for monitoring High Risk Clients, which includes conducting initial and ongoing Enhanced Due Diligence reviews. This role involves a detailed analysis of client transaction activity, comparing current versus prior periods and expected activity to determine if it is reasonable or suspicious. A strong understanding of BSA and AML laws and regulations is essential for this position. Key responsibilities include performing Enhanced Due Diligence for potential new high-risk clients, conducting continuous periodic monitoring for assigned high-risk accounts, and promptly reporting any unusual or suspicious activity to the BSA & Compliance Officer. The analyst will also support the monthly and quarterly maintenance and re-evaluations of the Rules Based Risk Rating (RBRR) within the AML system, conduct suspicious activity investigations as directed, and provide general support to the BSA Group. This includes ensuring proper documentation for audits, government, and law enforcement agencies, troubleshooting issues with the BAM application to maintain data integrity and optimal system performance, and assisting with reports and documentation as requested by the BSA Officer.

Requirements

A minimum education level of a High School diploma.
5 to 10 years of general banking experience.
Possess exceptional organizational skills and the ability to multi-task.
5 to 10 years of knowledge and experience with bank core processing software.
Ability to maintain a high degree of confidentiality and professional demeanor.
Excellent verbal and written communication skills.
Ability to communicate effectively with all levels of personnel.
Strong presentation skills.
Proven microcomputer skills.
Must be proficient in Word and Excel.
Able to work independently and with minimal supervision.

Nice To Haves

College degree preferred.
Experience with BSA software is highly desired.

Responsibilities

Conduct Enhanced Due Diligence for potential new clients that are high risk.
Conduct ongoing periodic monitoring for assigned high risk accounts.
Identify and timely report unusual / suspicious activity to the BSA & Compliance Officer.
Assist with monthly Rules Based Risk Rating (RBRR) maintenance to the AML system.
Assist with quarterly Rules Based Risk Rating (RBRR) re-evaluations within the AML system.
Conduct suspicious activity investigations as directed.
Provide support to the BSA Group and serve as a resource to the offices and departments of the Bank.
Ensure appropriate documentation is maintained and available for audits, government, and law enforcement agencies.
Serves as a resource for application support to troubleshoot issues with BAM to ensure integrity of the information and optimal system performance.
Assists with maintaining spreadsheets, running reports, and providing documentation as requested by the BSA Officer.
Perform other related duties as assigned.