Five Star Bank
BSA/AML Alert Analyst
Five Star Bank, Rochester, New York, United States, 14600
Purpose
:
The BSA/AML Alert Analyst is primarily responsible for investigating various alerts (e.g., transaction monitoring, Office of Foreign Assets Control (OFAC), and Currency Transaction Reports (CTR)) utilizing various software systems to determine if the alerted activity is unusual, and subsequently escalating or clearing the alert as appropriate.
Essential Functions
:Reviews transaction monitoring alerts for unusual activity utilizing various systems, and recommends the alerts be escalated to case or clearedEnsures all processes are followed for Currency Transaction Reports (CTR) filingPerforms daily Office of Foreign Assets Control (OFAC) ProcessingAssists in the Customer Due Diligence oversight process which includes review of reporting metrics and working with Retail Branches to address and resolve outstanding items.Assists in preparation of documentation for audits and examinations.Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.Job Related Qualifications
:
Required:
Education:
High School Diploma or equivalentPrior Experience: 2+ years' experience in any of the following areas:
BankingAuditingCriminal JusticeInvestigations
-OR-
Required:
Education:
Associate DegreePrior Experience: 1+ years' experience in any of the following areas:
BankingAuditingCriminal JusticeInvestigations
Competencies
:
Knowledge of or ability to learn BSA/AML & OFAC regulations and requirementsStrong verbal and written communication skills and ability to interact positively with a wide variety of individualsExcellent organizational skills with the ability to manage multiple priorities and meet established deadlinesAbility to identify trends, interpret data and apply to workflows, compliance techniques and automationPossess a high level of attention to detailAbility to maintain a high degree of confidentialityProficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilitiesPhysical Requirements
:
Able to regularly sit for prolonged periods of time.Extensive computer usage is required.Benefits:
Medical, Dental, and Vision InsuranceHealth Savings AccountFlexible Spending Account(s)Company Paid Life Insurance, Long Term Disability, and Short Term DisabilityVoluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal AccidentTuition ReimbursementEmployee Referral ProgramWellness Reimbursement ProgramStar Volunteer ProgramEmployee Banking and Financial PerksPaid Time Off (PTO)Company Paid Holidays
This job description is not exhaustive. The BSA/AML Alert Analyst may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.
:
The BSA/AML Alert Analyst is primarily responsible for investigating various alerts (e.g., transaction monitoring, Office of Foreign Assets Control (OFAC), and Currency Transaction Reports (CTR)) utilizing various software systems to determine if the alerted activity is unusual, and subsequently escalating or clearing the alert as appropriate.
Essential Functions
:Reviews transaction monitoring alerts for unusual activity utilizing various systems, and recommends the alerts be escalated to case or clearedEnsures all processes are followed for Currency Transaction Reports (CTR) filingPerforms daily Office of Foreign Assets Control (OFAC) ProcessingAssists in the Customer Due Diligence oversight process which includes review of reporting metrics and working with Retail Branches to address and resolve outstanding items.Assists in preparation of documentation for audits and examinations.Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.Job Related Qualifications
:
Required:
Education:
High School Diploma or equivalentPrior Experience: 2+ years' experience in any of the following areas:
BankingAuditingCriminal JusticeInvestigations
-OR-
Required:
Education:
Associate DegreePrior Experience: 1+ years' experience in any of the following areas:
BankingAuditingCriminal JusticeInvestigations
Competencies
:
Knowledge of or ability to learn BSA/AML & OFAC regulations and requirementsStrong verbal and written communication skills and ability to interact positively with a wide variety of individualsExcellent organizational skills with the ability to manage multiple priorities and meet established deadlinesAbility to identify trends, interpret data and apply to workflows, compliance techniques and automationPossess a high level of attention to detailAbility to maintain a high degree of confidentialityProficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilitiesPhysical Requirements
:
Able to regularly sit for prolonged periods of time.Extensive computer usage is required.Benefits:
Medical, Dental, and Vision InsuranceHealth Savings AccountFlexible Spending Account(s)Company Paid Life Insurance, Long Term Disability, and Short Term DisabilityVoluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal AccidentTuition ReimbursementEmployee Referral ProgramWellness Reimbursement ProgramStar Volunteer ProgramEmployee Banking and Financial PerksPaid Time Off (PTO)Company Paid Holidays
This job description is not exhaustive. The BSA/AML Alert Analyst may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.