BSA Analyst

FIRST BANK MCCOMB MISSISSIPPI•McComb, MS

1d•Onsite

About The Position

The BSA Analyst assists with the daily administration, monitoring, and maintenance of the Bank’s Bank Secrecy Act/Anti-Money Laundering (BSA/AML) and OFAC compliance program under the direction of the BSA Officer. The role performs transaction monitoring, account reviews, investigations, documentation, and other compliance-related duties, helping maintain an effective program consistent with applicable laws, regulations, regulatory guidance, and Bank policies and procedures. The position also supports BSA/AML reporting and provides related guidance to Bank personnel as appropriate. Additional duties include receiving and processing garnishments and subpoenas and reviewing Reg CC holds for compliance. The Bank may revise duties at management’s discretion.

Requirements

A college degree or equivalent banking experience is 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 oral and written communication skills and personal computer skills.
Strong organizational skills and ability to manage priorities and workflow.
Team-oriented attitude and desire to support success in oneself and others.
Welcoming approach to customer needs and willingness to develop working knowledge of Bank products.

Nice To Haves

College degree or equivalent banking experience.
Knowledge of key banking regulations.

Responsibilities

Review and analyze AML alerts, 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 preparing, filing, tracking, and reviewing continuing activity for Suspicious Activity Reports (SARs).
Review cash activity and related monitoring reports; review Currency Transaction Reports (CTRs) for accuracy and completeness and file required CTRs through the FinCEN BSA E-Filing system.
Perform assigned CIP, CDD, beneficial ownership, and high- and moderate-risk customer/account reviews; document findings and exceptions.
Perform OFAC screening, 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 backup coverage as needed for BSA/AML-related tasks.
Maintain current knowledge of applicable BSA/AML and OFAC laws, regulations, regulatory guidance, Bank policies and procedures, and emerging financial crime trends; 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.
Receive and process garnishments and subpoenas.
Review Reg CC holds for compliance.
Attend to customers’ needs with a welcoming personality, maintain a team-oriented attitude, uphold strict confidentiality, and develop working knowledge of Bank products.