BSA Analyst

Shore United Bank•Annapolis, MD

2h•$21 - $25•Hybrid

About The Position

Shore United Bank is seeking a full-time BSA Analyst to join our team. The BSA Analyst supports the BSA Officer by assisting in performing various quality control reviews. The BSA Analyst is responsible for researching, analyzing, and reporting any activity believed to be associated with unusual and suspicious account activity. This includes but is not limited to potential structuring, money laundering, or terrorist financing, to ensure the bank is in compliance with the Bank Secrecy Act and USA Patriot Act. The BSA Analysts are responsible for the identification of unusual transactions and escalating incidents when necessary to the BSA Officer, in a timely and accurate manner. The BSA Analyst will monitor daily alerts, currency transaction reports, and other duties as needed to assist on investigation and ongoing reporting.

Requirements

High school diploma/GED equivalent.
1 year experience successfully providing excellent customer service in a fast-paced environment.
Minimum of 2 years of professional experience in banking, including knowledge of regulatory compliance standards.

Responsibilities

Responsible for day-to-day monitoring and/or investigation of potentially suspicious activity.
Maintains knowledge of BSA aspects of Compliance regulatory mandates, discretion of highly confidential information, and adherence to sensitive timeline.
Document findings in concise, detailed and accurate manner, consistent with policy procedure and enhanced due diligence.
Reviews daily large currency transaction report and CTRs for accuracy. Performs research on suspicious activity.
Assists in reviewing and researching any SAR referrals, as well as maintaining the documentation.
Assists BSA Officer in ensuring all BSA/AML, OFAC, CIP policies and procedures are up to date and followed on a consistent basis.
Review and research daily alerts in Verafin.
Supports other Bank staff as necessary.
Reviews CIP information/documentation that pertains to BSA for accuracy and completion.
Assists in identifying and evaluating the bank’s risk area.
Facilitates collection of audit materials required by BSA compliance co-sourced audit partners and regulatory examination groups and transfer materials to appropriate electronic portal.
Completes required regulatory compliance training as assigned on or before the deadlines.
Review and collect account data for High Risk and exempt customers, to compare and analyze information from previous to current review periods.
Performs daily, monthly, quarterly, semi-annual, and annual monitoring of BSA program.
Completes and submits a self-evaluation in timely manner.
Performs other duties as assigned to support the BSA Department.
Ability to follow policy/procedures put in place by upper management.
Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.