Piermont Bank
BSA Analyst
Piermont Bank, New York, NY
About Us:
Piermont Bank is a tech-enabled digital commercial bank founded in 2019 with a mission of changing the face and pace of banking. It provides an unprecedented experience that blends the best of banking and agile Fintechs. At Piermont, we are purpose-driven, and focused on creating and delivering banking products relevant to today's digital economy. We are the go-to Bank for the fintech ecosystem. For more information, visit www.piermontbank.com.
The Role:
The BSA Analyst assists BSA Management to ensure the bank's compliance with the Bank Secrecy Act (BSA) Program and related regulations. BSA Analyst will review and investigate alerts and perform other BSA compliance duties as assigned by BSA Management.
Responsibilities:
Qualifications:
The hiring range for this position is $85,000 to $115,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k and other benefits.
Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.
Piermont Bank is a tech-enabled digital commercial bank founded in 2019 with a mission of changing the face and pace of banking. It provides an unprecedented experience that blends the best of banking and agile Fintechs. At Piermont, we are purpose-driven, and focused on creating and delivering banking products relevant to today's digital economy. We are the go-to Bank for the fintech ecosystem. For more information, visit www.piermontbank.com.
The Role:
The BSA Analyst assists BSA Management to ensure the bank's compliance with the Bank Secrecy Act (BSA) Program and related regulations. BSA Analyst will review and investigate alerts and perform other BSA compliance duties as assigned by BSA Management.
Responsibilities:
- Review and clear suspicious activity alerts generated by the Bank's BSA/AML transaction monitoring system. Escalate alerts to cases for further review in a timely manner, as appropriate.
- Review and clear alerts generated by OFAC watchlist screening and 314(a) information requests in the BSA/AML transaction monitoring system.
- Identify, assess, and review high risk accounts.
- Review CIP/KYC documentation to ensure accuracy.
- Prepare Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).
- Support the Branch personnel with BSA, AML & OFAC issues.
Qualifications:
- Bachelor's degree required.
- 2 to 4 years' experience in a BSA/AML transaction monitoring.
- Experience in utilizing a transaction monitoring tool, research/investigative databases, and software; applications to analyze and detect transactional patterns and trends.
- Knowledge in Bank Secrecy Act and USA Patriot Act regulations and requirements.
- Knowledge of Fiserv system & CAMS certification would be a plus.
- Working knowledge of the Microsoft Office Suite of products.
- Proven ability to prioritize competing demands.
- Analytical writing skills; strong verbal and written communication skills.
The hiring range for this position is $85,000 to $115,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k and other benefits.
Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.