BSA Analyst

New Hampshire Mutual Bancorp•Concord, NH

3d•$55,000 - $72,000•Remote

About The Position

Under guidance of the BSA Officer, the BSA Analyst role supports processes of the Bank Secrecy Act Anti-Money Laundering (BSA/AML) program for NHMB, the affiliate banks Merrimack County Savings Bank (MCSB), Meredith Village Savings Bank (MVSB), Savings Bank of Walpole (SBW) and the trust customer segment of New Hampshire Trust Company. Incumbent performs various monitoring of account activity, detection and documentation pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program in compliance with NHMB policy, procedures, laws and regulations to prevent and detect suspicious activities. Acts as a contact for bank employees and serves as a resource involving BSA and AML issues. Maintains confidentiality of all activities.

Requirements

2-3 years of banking experience with an emphasis on CIP, OFAC, and BSA or equivalent combination of education and experience.
Excellent organizational skills
Attention to detail
Ability to handle multiple tasks
Oral and written communication skills
Comprehensive MS desktop application skills required.
Ability to work in a fast-paced, demanding, and changing environment.
Must be a self-starter and have ability to work independently and with a team
Able to interact with all levels of staff and management.
Knowledge should include banking, regulatory compliance, BSA/AML, CIP, OFAC, audit, retail and loan account opening and/or monitoring or related experience.
In depth knowledge of banking concepts, products and services.

Nice To Haves

Experience with Verafin, YellowHammer and/or Jack Henry core systems is desired.

Responsibilities

Model behaviors consistent with A+ Merits to foster an effective culture.
Exhibits exceptional customer service skills to internal customers
Adherence to BSA regulations and champions all BSA Compliance policies, procedures, and processes.
Completes required monitoring and reporting with minimal errors and within established timeframes
Acceptable error rate to provide for successful audit and exams results by reducing exposure to regulatory criticism and penalties.
High degree of accuracy across tracking processes.
Preparation of accurate internal and external reporting while meeting established due dates and regulatory requirements.
Maintain a proficient knowledge of BSA laws and regulations, along with internal policies and procedures.
Performs a variety of duties to support NHMB BSA Program, which includes researching, reviewing, and interpreting existing and pending BSA laws, regulations, policies and procedures. Assists the BSA Officer with the development and review of BSA processes and procedures, within regulatory guidelines, to comply with BSA and OFAC laws.
Performs review, monitoring and analysis of various report, logs, and transactional data to identify trends and unusual customer and transaction activity in a timely and efficient manner and within due dates. Recommend a course of action for most events, while occasionally seeking guidance from a BSA Analyst – 2, Senior BSA Analyst or BSA Officer in complex or unusual situations.
Utilizes BSA/AML software and other methods for monitoring for suspicious activity and patterns of activity, customer and account reviews, account risk profiles and high risk customer identification, researches and resolves alerts timely, evaluates unusual patterns, uses case management, identifies potential suspicious activity and escalates to the Senior BSA Analyst or BSA Officer as warranted. Ensures alerts and cases are accurate, fully supported and clearly documented.
Preparation and submission of Currency Transaction Reports (CTRs) within regulatory timeframes. Investigates, researches, tracks and follows-up on CTR related errors made by personnel. Looks for systemic errors and recommends additional training to branch/department or personnel.
Assists in the research, recommendations and resolution of BSA and OFAC regulatory matters. Interacts with vendors to resolve system issues.
Log monitoring findings to assist in tracking and trending of findings to be used for management oversight. Prepares and maintains various reports for management to monitor inaccuracies and trending by business line and entity.
Answers BSA and OFAC questions from personnel, using established BSA resources, and escalates to Senior BSA Analyst or BSA Officer as needed.
Maintains thorough and detailed BSA compliance tracking files, reports and work papers; assist with audit and exam data gathering efforts, including the preparation of required reports and documents.
Assists in special project and task for the department and provides assistance to Retail Compliance when needed.
Satisfactorily completes all required compliance training and complies with all regulations which apply within the scope of the position.
Performs additional duties as requested.