JOB DESCRIPTION
Position Title:
Temporary BSA Analyst
Reports to:
BSA Officer
General Purpose:
The BSA Analyst works independently to provide technical, professional, and analytical support to the BSA Officer to ensure compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act, Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) laws and regulations.
RESPONSIBILITIES:
Daily Oversight
· Detect, analyze and prepare Currency Transaction Reports (CTR) with accuracy and completeness for required reporting to FinCEN.
· Screen and investigate deposit and non-deposit customers/transactions against various regulatory and law enforcement agency watch lists, such as OFAC and USA Patriot Act 314a, for potential matches to be reported immediately to the BSA Officer.
· Process transaction monitoring alerts generated from the Bank’s BSA/AML software. This includes a basic understanding of relationships, transactions, and characteristics of customers through reviewing/analyzing account activity to determine whether unusual/suspicious activity is present requiring recommendation of escalation for further investigation by senior team members. Descriptive alert narratives will be prepared, through the support of templates, that describe the “who, what, where, when, why, and how”.
· Assist and support, as appropriate, other roles within the BSA department.
QUALIFICATIONS
Education/Experience
Required
· High school diploma or equivalent.
Preferred
· 1 year experience in banking industry.
· 0 to 1 years’ experience in BSA function.
Skills
· Working knowledge of branch operations and procedures.
· Demonstrated ability to prioritize and complete workload in a timely and effective manner.
· Performs attention to detail, accuracy and good organizational skills.
· Strong critical thinking skills.
· Very good communication skills, both verbal and written.
Isabella Bank is an AA/EEO employer.
Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThis employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Skills Required
- High school diploma or equivalent
- 1 year experience in banking industry
- 0 to 1 years' experience in BSA function
- Working knowledge of branch operations and procedures
- Ability to prioritize and complete workload in a timely and effective manner
- Attention to detail, accuracy and good organizational skills
- Strong critical thinking skills
- Very good communication skills, both verbal and written
What We Do
Isabella Bank Corporation is a financial services holding company offering a wide array of financial products and services in mid-Michigan. Its banking subsidiary, Isabella Bank, offers banking services through 31 locations, 24-hour banking services locally and nationally through shared automatic teller machines, online banking, and direct deposits to businesses, institutions, and individuals. Lending services offered include commercial real estate loans and lines of credit, agricultural loans, residential real estate loans, consumer loans, and credit cards. Deposit services include interest and noninterest bearing checking accounts, savings accounts, money market accounts, and certificates of deposit. Other related financial products include trust services, safe deposit box rentals, credit life insurance, and brokerage products through Raymond James Financial Services. Active competition, principally from other commercial banks, savings banks and credit unions, exists in all of the Bank’s principal markets. The Corporation’s results of operations can be significantly affected by changes in interest rates or changes in the local economic environment.
