BSA/AML Officer

The BSA Officer position is part of the Bank’s Financial Intelligence Unit (FIU), responsible for investigating and resolving strategic money laundering The successful candidate independently develops, analyzes and reports on financial intelligence related to high profile matters in the bank and coordinates actions to mitigate risks. This position requires an understanding of sound BSA / AML investigative process and helps develop talent within the team. The successful candidate must have a strong knowledge of banking systems, financial crimes and BSA / AML typologies. The role requires a self-starter who is willing to work in ambiguous detail, having the ability to dissect and analyze large amounts of unstructured information to find and resolve high risk activity. Employee is responsible for understanding and performing their duties in a manner which is consistent with the Bank Secrecy Act, (BSA), Anti-Money Laundering Act (AML) and Office of Foreign Assets Control Regulations (OFAC). This includes understanding any responsibilities outlined under the Bank’s BSA Program, participating in any required training and promptly complying with all reporting requirements. • Monitors alert transactions through the Banks’ transaction monitoring software as it relates to BSA and AML to identify unusual or suspicious account activity and / or financial crime patterns. • Responsible for Case Investigations and Enhanced Due Diligence (“EDD”) reviews for higher risk clients. • Review, analyze, and assists in making risk rating decisions or changes on client accounts and relationships. • Takes lead in financial crime investigations. Offers insights and mentors Junior BSA Analyst with case investigations. • Conduct analysis on transactional data and alert monitoring to make determinations of irregular activity through understanding of historical client activity and regulatory definitions of suspicious activity. • Responsible for Case narratives and initial Suspicious Activity Report (SAR) recommendations and write-ups. • Ensures the Bank is in compliance with OFAC regulations. Monitors Bank’s OFAC software system to ensure adherence to OFAC Policy and procedures.