BSA Analyst

FIRST BANK MCCOMB MISSISSIPPI•McComb, MS

1d•Onsite

About The Position

The BSA Analyst is responsible for assisting with the daily administration, monitoring, and maintenance of the Bank's Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and OFAC compliance program. The position performs transaction monitoring, account reviews, investigations, documentation, and other compliance-related duties under the direction of the BSA Officer. The position also assists the BSA Officer in maintaining an effective program consistent with applicable laws, regulations, regulatory guidance, and Bank policies and procedures.

Requirements

College degree, or equivalent banking experience preferred.
Knowledge of key banking regulations is preferred.
Acknowledge and observe strict confidentiality requirements.
Positive interpersonal relationship skills.
Strong decision making, analytical and investigative abilities with attention to detail and accuracy.
Strong analytical, communication (oral and written), and personal computer skills.
Strong organizational skills; able to manage priorities and workflow.
Be attentive to our customers’ needs with a welcoming personality.
Possess a team-oriented attitude with a desire to see success in themselves and others.
Maintain a strict standard of confidentiality involving all transactions and relationships.
Develop a working knowledge of all bank products.

Responsibilities

Review and analyze AML alerts generated through the AML monitoring software, monthly monitoring reports, daily reports, logs, transaction activity, and other information to identify unusual or potentially suspicious activity.
Investigate alerts and identified activity, document findings, clear alerts when appropriate, and escalate activity requiring further review to the BSA Officer.
Research and document potentially suspicious activity and assist with the preparation, filing, tracking, and continuing activity review of Suspicious Activity Reports.
Review cash activity and related monitoring reports; review CTRs for accuracy and completeness and file required CTRs through the FinCEN BSA E-Filing system.
Perform assigned CIP, CDD, beneficial ownership, high risk and moderate risk customer/account reviews and document findings and exceptions.
Perform OFAC screening and review potential matches or alerts and assist with Section 314(a) responsibilities and other applicable USA PATRIOT Act requirements.
Maintain required BSA/AML records, logs, case files, and supporting documentation.
Assist with the development and maintenance of BSA/AML and OFAC forms, procedures, monitoring processes, risk assessments, audits, examinations, and periodic program reviews.
Provide back-up coverage as needed for all BSA AML related tasks.
Maintain current knowledge of applicable BSA/AML and OFAC laws, regulations, regulatory guidance, and Bank policies and procedures and participate in required ongoing training.
Assist with BSA/AML reporting for the BSA Officer, management and Board of Directors and provide BSA related guidance and support to Bank personnel as appropriate.
Maintain knowledge of BSA/AML Requirements, regulatory guidance, and emerging financial crime trends.
Responsible for receiving and processing garnishments and subpoenas.
Review Reg CC holds for compliance.