BSA Analyst I
United Fidelity Bank, Evansville, IN, United States
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Job Summary:
The BSA Analyst I is responsible for the monitoring of bank wide financial activity to ensure the detection of suspicious activity and compliance with Bank Secrecy Act (BSA) related laws. The candidate must be able to perform analysis and conduct investigations to ensure compliance with BSA, Office of Foreign Assets Control (OFAC) and the USA PATRIOT Act. The incumbent will use independent analysis to recognize compliance related solutions for the AML/CFT program. In addition, the candidate will assist the BSA Analyst II, Senior BSA Analyst and BSA Officer with implementing and tracking projects and training for the BSA department.
Essential Job Functions include, but are not limited to:
- Research, analysis, and investigation of assigned alerts generated by the AML/CFT monitoring system and review, close and/or escalate a case depending on the investigation outcome based on the type of alert, in accordance with AML/CFT/OFAC monitoring policy.
- Perform customer due diligence (CDD) and enhanced due diligence (EDD) as needed, for depository customers.
- Complete various bank reports on a daily, monthly, quarterly, and annual basis.
- Prepare Currency Transaction Reports (CTRs) daily for e-file within the required time frame.
- Be knowledgeable of bank products, services, customers, geographic locations, and potential money laundering and terrorist financing risks associated with those activities.
- Keep abreast of new or changing regulatory requirements as they pertain to BSA, AML, and OFAC.
- Perform duties related to the Bank Secrecy Act under the guidance of the Senior BSA Analyst and BSA Officer.
Skills and Abilities Required to Perform Essential Job Functions:
- Analytical abilities.
- Ability to stay organized and manage daily responsibilities.
- Proficiency in Microsoft Office suite of products.
- Written and verbal communication skills.
- Ability to perform work accurately and thoroughly.
- Ability to use thinking and reasoning to solve a problem.
- Ability to demonstrate conduct conforming to a set of values and accepted standards.
- Bachelor's Degree preferred.
- One to two years banking experience preferred.
- Working knowledge of the Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and the USA PATRIOT Act preferred.
The associate is frequently required to sit and/or stand, communicate, reach, and manipulate objects, tools or controls that are typical of an office/bank environment. Lifting items weighing up to 10 pounds on a consistent basis. Manual dexterity and coordination are required over 80% of the work period while operating equipment such as computers, phones, calculators, etc.
Working Conditions:
- Typical office environment.
- Extended viewing of computer screens.
- Periodic travel between locations.
The above statements are intended to describe the general nature and level of work performed by associates assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of the associate classified as such. Duties and responsibilities may be added or changed as deemed appropriate by management at any time therefore, they could differ from those outlined above.
United Fidelity Bank is proud to be an Equal Opportunity/Affirmative Action employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
Please note: UFB does not accept resumes from independent recruiters or external staffing agencies for any of our openings unless we have an agreement in place, signed by the FVP of Human Resources.