BSA Analyst 2

Farmers and Merchants Bank of Long Beach•Lakewood, CA

21h•$35 - $56•Onsite

About The Position

The Senior BSA Analyst assists in the execution of the Bank’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. The Senior BSA Analyst supports the BSA/AML processes. This position assists the Bank in detecting unusual or suspicious activity in a timely manner, while safeguarding the integrity of the Bank and ensuring Bank compliance with BSA/AML and OFAC regulations. This position is also responsible for assisting other BSA Units, participating in projects and other assignments to prevent the bank from exploitation by money laundering or terrorist financing activities. The Senior BSA Analyst follows department procedures and complies with the FFIEC BSA/AML Examination Manual.

Requirements

Sound judgement, integrity and commitment to ethical behavior
Ability to maintain confidentiality and treat sensitive information with discretion
Bank Secrecy Act
OFAC
USA Patriot Act
Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines
Proficient knowledge of BSA / AML software to adequately detect, review and report suspicious activity.
Clear understanding of the English Language (Spoken & Written)
Basic Mathematics Skills
Customer Service Skills
Critical Thinking, Judgment & Problem Solving Skills
Proficient in Microsoft Excel, Word, Outlook
Operates standard electronic computers and customary office equipment required to perform essential job functions.
Use of equipment is required, with or without reasonable accommodation, in accordance with the Americans with Disabilities Act (ADA) and the California Fair Employment and Housing Act (FEHA).
Ability to perform repetitive movements associated with office and computer-based work.
Ability to sit and or stand for extended periods of time to perform essential job functions.
Ability to lift, carry, or move objects weighing up to 25 pounds, with or without reasonable accommodation.
Ability to use hands and fingers to manage, manipulate, or feel objects and operate standard office equipment.
High School Diploma or equivalent required
5+ years of banking experience with an emphasis on customer service
5+ years of banking experience with BSA/AML/OFAC

Nice To Haves

CAMS Certification preferred but not required

Responsibilities

Perform EDD reviews on high-risk entities and individuals to document rating rational.
Analyze customer data for AML/OFAC concerns.
Work with frontline staff to resolve any outstanding information for customer profiles.
Resolves complex problems or issues, where expertise is required to interpret policies, regulations, guidelines, or processes.
Reviews and responds to 314(b) requests as needed.
Perform Customer Due Diligence alert reviews.
Perform research, including negative news searches, through the Bank’s systems, online public databases and subscription-based database resources.
Stay up to date and knowledgeable on AML/OFAC regulatory requirements and FinCEN updates.
Performs special projects and other related duties as assigned or requested. Additionally, may be tasked with assisting other teams within the BSA Department, such as OFAC, CTR or EDD teams.
Ae and research complex information to submit comprehensive recommendations regarding potentially suspicious and/or high-risk activity.
Partners with cross function peers to train and assist, if needed.
Effectively communicate and assist Bank and branch staff on any BSA related questions or issues.
Complies with all applicable state and federal banking laws, regulations, and internal policies related but not limited to lending, operations, and deposit requirements, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML) requirements, Office of Foreign Assets Control (OFAC) regulations, Customer Identification Program (CIP) requirements, Financial Elder Abuse reporting laws, Sexual Harassment prevention policies, information security and privacy requirements.