BSA/AML Analyst II

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The Position

Job TitleBSA/AML Analyst II

Job Description

SUMMARY

The BSA/AML Analyst II is responsible for analyzing complex events of suspicious activity and/or money laundering to ensure that all potentially suspicious events are appropriately identified, documented, and reported within specified timeframes in accordance with the Bank Secrecy Act Compliance Program. Assists BSA Operations Manager with maintaining necessary records and files to ensure efficient and consistent reporting of all suspicious investigations.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• Review daily tasks, perform independent analysis, and quality control to determine activity that should be escalated for potential suspicious activity reporting.
• Determines if case should be created and/or escalated SAR consideration; obtains approval from the BSA Operations Manager as necessary; and assists with documentation within regulatory timeframes and in accordance with the Bank Secrecy Act Compliance Program.
• Compiles data and maintains necessary records and files to ensure efficient and consistent reporting of all suspicious investigations.
• Serves as a subject matter expert for BSA department staff with a proficiency in investigations related to money laundering and other potentially suspicious activities.
• Composes narratives to document potentially suspicious activity for reporting purposes and creates reports based on available information related to the investigation.
• Makes recommendations for closing accounts and performs associated follow up to ensure the closure of the accounts.
• Researches, analyzes, and investigates customer account behavior on a daily basis for potential suspicious activity and/or money laundering; tracks trends and detects unusual activity or behavior; monitors large currency activity and transactions; determines if transactions are suspicious in nature, such as significant changes in balances, cash structuring in deposits, loans payments and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc.; and responds to alerts detected by the Bank’s AML or OFAC software system.
• Reviews large currency transactions and reports for completeness and accuracy. Files appropriate currency transaction reports within required deadlines.
• Assumes responsibility for special projects including Bank’s OFAC and Information Sharing Program, gathering data, and preparing reports for the BSA Operations Manager.
• Assists in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance with existing requirements along with new and emerging risk to ensure an efficient and well-organized program.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Responds to inquiries or refers inquiries to the appropriate person and exhibits the necessary follow through with customers and/or staff involved.
• Assumes responsibility for various department functions in the absence of staff members or in overload situations.
• Serves as subject matter expert for Community Bank staff on money laundering risk.
• Completes all required compliance exams on a yearly basis.
• Adherence to all First United Policies and Procedures.
• Dress professionally.

EMPLOYEE SPECIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

• High School Diploma or GED required.
• Bachelor’s Degree in Criminal Justice/Criminology or Finance/Banking/Business preferred.
• ACAMS and/or CFE Certifications preferred.
• Minimum 3-5 years Banking/Compliance experience required.
• Knowledge of federal BSA/AML regulations required.
• Familiar with bank operations in general.

Technical/Functional Competencies

• Ability to professionally interface (both orally and in writing) with Management and Team members, State and Federal regulators and officials, and business partners. 
• Ability to work with highly-confidential and sensitive business information and to maintain high standards of confidentiality related thereto.
• Proficient in Microsoft Office or similar software programs.
• Must possess a high level of initiative and a natural investigative demeanor.
• Ability to work independently and in a team environment to achieve department goals and objectives consistent with First United’s standards of excellence.
• Must be comfortable managing multiple and/or shifting priorities, and produce professional and accurate work product, sometimes under time constraints.
• Must possess the desire to increase learning and gain further expertise on AML/BSA/OFAC compliance matters

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.

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All Locations:Plano-Parkwood

If any applicant is unable to complete an application or respond to a job opening because of a disability, please email us at [email protected] for assistance. 

First United is an Equal Opportunity Employer. To the extent required by Federal or State law, First United does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, national origin, or any other characteristic protected by law.