Bank of Southern CA
BSA Analyst
Bank of Southern CA, Los Angeles, California, United States, 90079
Job Type
Full-time
Description
JOB SUMMARY:
The BSA Analyst assists in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the Compliance Program of the company, under the guidance of the BSA Officer. This position performs various enhanced due diligence reviews, daily monitoring and investigations pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the company's compliance efforts are maintained on a daily basis. Advises the Senior BSA/Compliance Manager of emerging compliance issues and assists the company in the establishment of controls to mitigate risks. The position of BSA/AML Analyst is required to be fully knowledgeable and skilled in all areas of the BSA/AML Compliance Department.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
BSA
Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large day-to-day customer's account activity; determine if transactions are suspicious in nature, such as kiting, significant changes in balances, structuring patterns, unusual loans payments, and certificate of deposit purchases, foreign and domestic wire activity or ACH transfers, monetary instrument sales, new account openings, etc.Perform routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicate the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issuesMaintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFACTrain in various programs to further educate oneself in BSA related compliance requirements and procedures. Also take part in monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulationsCompliance with 314(a) and 314(b) (PATRIOT Act) responsibilitiesAssist in monitoring account activity for suspicious patterns and activity, conduct suspicious activity report investigations, and recommend when to file Suspicious Activity Reports (SARs). May assist in the filing of the SARs when necessaryAssists in the reconciliation, preparation, and submission of all Currency Transaction Reports (CTRs) within required timeframesAssists with clearing OFAC watchlist alerts and escalated OFAC matches received from the branches within required timeframesAssists with researching and clearing any potential 314(a) matches within the required timeframesPerforms customer and transaction analytics to identify trends and possible suspicious activityAssists in the administration of the automated BSA/AML system, research and resolved alerts and conducts investigations within the system.Ensure timely completion of all BSA work is done in a timely and accurate manner.General
Provide assistance to the BSA Department when neededAssist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriateAssist in special projects and tasks for the department as directedAssist in the development, revision or reviews of company policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirementsAssist with self-assessments as needed. May assist in the preparation and coordination of independent audits and regulatory examinationsMaintain current knowledge of all federal and state laws and regulations, along with the company's policies and proceduresMust adhere to the company's core valuesRequires continuous exercise of judgment following broad guidelinesIdentifies and selects complex choices of action where standard practices may not existMust be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptionsRequirements
Knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures College degree, or equivalent banking experienceComprehensive understanding of general banking compliance regulations and lawsComprehensive understanding of general banking operations activities, products, and servicesAbility to proactively identify and assess potential concerns and risksUnderstanding of legislative and regulatory processesFamiliarity with all functional areas of bankingExcellent oral and written communication skillsAbility to resolve issues, work independently, and meet deadlinesPersuasive and team-orientedAbility to communicate effectively with staff at all levelsEffective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employeesGood business writing skills and proficient in Microsoft Word and Excel Good organizational and time management skillsEducation/Licenses/Work Experience
Five years BSA/AML experience in account analytics, investigations, alert dispositioning, and account review processesFive years general banking or regulatory agency experience, with an emphasis in compliance and/or operationsWork Environment
Standard office environment with a moderate noise level.Physical Demands
The work environment characteristics and physical requirements described here are representative of those which an employee in this position encounters while performing the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
Prolonged periods sitting at a desk and working on a computer.Remain in a stationary position for sustained periods of time.Occasionally move about inside the office to access filing cabinets and/or other office machinery.Occasionally required to raise objects up to 25 pounds from a lower to a higher position, move objects horizontally from position to position with, and/or bend body downward and forward, and/or extend hands and/or arms in any direction to access files and/or other office machinery.Consistent use of a computer and/or other office machinery is required, such as a keyboard, calculator, copy machine, scan machine, and/or computer printer.Making substantial and repetitive movements (motions) of the wrists, hands, and/or fingers.Close visual acuity is required to perform activities including, but not limited to, preparing and analyzing data and figures, transcribing, viewing a computer terminal, and/or extensive reading.Regularly required to communicate verbally with employees, clients, and vendors
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
Pay Range: $28.50 to $36.00 per hour. Pay range may vary based on skills, experience, and location.
Salary Description
$28.50 to $36.00 per hour
Full-time
Description
JOB SUMMARY:
The BSA Analyst assists in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the Compliance Program of the company, under the guidance of the BSA Officer. This position performs various enhanced due diligence reviews, daily monitoring and investigations pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the company's compliance efforts are maintained on a daily basis. Advises the Senior BSA/Compliance Manager of emerging compliance issues and assists the company in the establishment of controls to mitigate risks. The position of BSA/AML Analyst is required to be fully knowledgeable and skilled in all areas of the BSA/AML Compliance Department.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
BSA
Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large day-to-day customer's account activity; determine if transactions are suspicious in nature, such as kiting, significant changes in balances, structuring patterns, unusual loans payments, and certificate of deposit purchases, foreign and domestic wire activity or ACH transfers, monetary instrument sales, new account openings, etc.Perform routine monitoring to determine the extent of compliance with regulations, laws, policies and procedures. Communicate the results of monitoring to department managers and senior management, follows-up to ensure issues are addressed, escalates issuesMaintain proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act (BSA), USA Patriot Act, and OFACTrain in various programs to further educate oneself in BSA related compliance requirements and procedures. Also take part in monitoring processes for compliance with the Bank Secrecy Act, OFAC and relation regulationsCompliance with 314(a) and 314(b) (PATRIOT Act) responsibilitiesAssist in monitoring account activity for suspicious patterns and activity, conduct suspicious activity report investigations, and recommend when to file Suspicious Activity Reports (SARs). May assist in the filing of the SARs when necessaryAssists in the reconciliation, preparation, and submission of all Currency Transaction Reports (CTRs) within required timeframesAssists with clearing OFAC watchlist alerts and escalated OFAC matches received from the branches within required timeframesAssists with researching and clearing any potential 314(a) matches within the required timeframesPerforms customer and transaction analytics to identify trends and possible suspicious activityAssists in the administration of the automated BSA/AML system, research and resolved alerts and conducts investigations within the system.Ensure timely completion of all BSA work is done in a timely and accurate manner.General
Provide assistance to the BSA Department when neededAssist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriateAssist in special projects and tasks for the department as directedAssist in the development, revision or reviews of company policies, procedures, disclosures, notices, and forms to comply with legislative and regulatory changes or new requirementsAssist with self-assessments as needed. May assist in the preparation and coordination of independent audits and regulatory examinationsMaintain current knowledge of all federal and state laws and regulations, along with the company's policies and proceduresMust adhere to the company's core valuesRequires continuous exercise of judgment following broad guidelinesIdentifies and selects complex choices of action where standard practices may not existMust be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptionsRequirements
Knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures College degree, or equivalent banking experienceComprehensive understanding of general banking compliance regulations and lawsComprehensive understanding of general banking operations activities, products, and servicesAbility to proactively identify and assess potential concerns and risksUnderstanding of legislative and regulatory processesFamiliarity with all functional areas of bankingExcellent oral and written communication skillsAbility to resolve issues, work independently, and meet deadlinesPersuasive and team-orientedAbility to communicate effectively with staff at all levelsEffective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employeesGood business writing skills and proficient in Microsoft Word and Excel Good organizational and time management skillsEducation/Licenses/Work Experience
Five years BSA/AML experience in account analytics, investigations, alert dispositioning, and account review processesFive years general banking or regulatory agency experience, with an emphasis in compliance and/or operationsWork Environment
Standard office environment with a moderate noise level.Physical Demands
The work environment characteristics and physical requirements described here are representative of those which an employee in this position encounters while performing the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
Prolonged periods sitting at a desk and working on a computer.Remain in a stationary position for sustained periods of time.Occasionally move about inside the office to access filing cabinets and/or other office machinery.Occasionally required to raise objects up to 25 pounds from a lower to a higher position, move objects horizontally from position to position with, and/or bend body downward and forward, and/or extend hands and/or arms in any direction to access files and/or other office machinery.Consistent use of a computer and/or other office machinery is required, such as a keyboard, calculator, copy machine, scan machine, and/or computer printer.Making substantial and repetitive movements (motions) of the wrists, hands, and/or fingers.Close visual acuity is required to perform activities including, but not limited to, preparing and analyzing data and figures, transcribing, viewing a computer terminal, and/or extensive reading.Regularly required to communicate verbally with employees, clients, and vendors
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
Pay Range: $28.50 to $36.00 per hour. Pay range may vary based on skills, experience, and location.
Salary Description
$28.50 to $36.00 per hour