Position Summary
The BSA Analyst I conduct due diligence to detect potential money laundering, terrorist financing, and drug trafficking activities in compliance with BSA, USA Patriot Act, OFAC, and applicable laws, gathers information for proper CTR filing, and conducts EDD. The incumbent assists in identifying high-risk accounts and in the risk-rating process
Essential Functions
- Conduct investigations of suspicious activity and detect documentation errors, omissions, and irregularities.
- Review high-risk accounts.
- Ensure that BSA compliance issues are identified
- Review CTS reports.
- Review and process CTR filings submitted by branches.
- Review structuring reports.
- Conduct CIP review.
- Review OFAC reports.
- Review of kiting reports.
- Review of monetary instrument logs.
- Perform suspicious activity investigations.
- Gather information from outside sources such as internet searches, third party vendors, public records, etc.
- Identify and report unusual / suspicious activity to the BSA Officer.
- Maintain technical and professional knowledge by attending educational workshops, obtaining relevant professional certifications, reviewing professional publications, and staying informed of any legal, policy, and procedural changes relating to BSA, USA Patriot Act, OFAC, and applicable laws.
- Keep informed of industry changes, trends, and best practices.
Job Requirements and Qualifications
- Job requires strict attention to details and thoroughness in the completion of job duties.
- Job requires honesty, integrity, and ethical behavior.
Education and Experience
- High school diploma or equivalent.
- One year of experience in branch operations, including cash handling.
Knowledge, Skills, and Abilities
- Knowledge of BSA/AML policies, procedures, and practices.
- Good oral and written communication skills.
- Proficient computer skills in a Microsoft Windows environment including proficiency in Word and Excel.
- Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra.
- Ability to read, comprehend, analyze, and interpret legal documents, governmental regulations, and professional publications.
- Ability to effectively present information and respond to inquiries from senior management, attorneys, vendors, government agents, and the general public.
- Ability to write reports and business correspondence.
- Ability to speak and write clearly in order to effectively convey information so that others understand and as appropriate for the needs of the audience.
- Ability to apply common sense understanding to carry out written and oral instructions.
- Ability to deal with problems involving several concrete variables in standardized situations.
- Ability to work independently with little supervision.
Compliance
- It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.
THIS JOB DESCRIPTION IS NOT AN EMPLOYMENT AGREEMENT OR CONTRACT, IMPLIED OR OTHERWISE. UNITY BANK MAINTAINS "AT WILL" EMPLOYMENT.
This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.
Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.
