BSA/AML Analyst

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The Position

Job TitleBSA/AML Analyst

Job Description

SUMMARY

The BSA/AML Analyst is responsible for analyzing events of suspicious activity and/or money laundering to ensure that all potentially suspicious events are appropriately identified, documented, and escalated within specified timeframes in accordance with the Bank Secrecy Act Compliance Program.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• As scheduled, perform analysis of AML system alerts and core system reports to identify potential suspicious activity and escalations through task and case management.
• Compiles data and maintains necessary records and files to ensure efficient and consistent escalation of suspicious investigations.
• Communicates with other parties to obtain additional information about activity and 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.
• Assists with special projects including review of 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.
• Collaborates with the BSA Operations Manager and BSA Risk Manager on AML compliance matters in connection with the implementation of the Bank’s BSA/AML 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.
• Minimum 1-3 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.