BSA Analyst
Description:
Onsite: BSA Department, 66 West Mount Pleasant Ave.; Livingston, NJ
Mondays, Tuesdays & Wednesdays 8:30 am – 4:30 pm
Thursdays 8:30 am – 5:00 pm
Fridays 8:30 am – 4:00 pm
QUALIFICATIONS:
At least one year of US bank branch or banking operations experience.
Understanding of Bank Secrecy Act, US Patriot Act and related regulatory requirements related to Anti-Money
Laundering and Know Your Customer legislation.
Familiarity with Fiserv-Cleartouch and FCRM softwares preferred.
Valid CAMS certification is required to have and maintain; can obtain post-hire.
RESPONSIBILITIIES:
Provide support to the BSA Officer with monitoring, testing, and all aspects of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance.
Analyze, review and clear generated alerts using the automated Transaction Monitoring System and recommending when activity warrants the filing of a suspicious Activity Report (SAR).
Utilize various internal reports to detect and monitor suspicious activities.
Assist in the preparation and submission of all Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR) within required timeframes.
Review new customer accounts and verify KYC / CDD documentation.
Review and clear possible OFAC matches.
Report potential OFAC matches to the BSA Officer.
Assist Senior Management, attorneys and government agents with levies and subpoenas.
Assist in the development and modification of procedures for carrying out the requirements of the BSA Dept.
Conduct monthly EDD reports for High Risk and Moderate Risk customers.
Participates in 314a and 314b requests.
Maintain current knowledge of all position related procedures and compliance.
Perform additional duties as assigned by management necessary to maintain an efficiently run office, including cross-training in other Department or Bank functions.
Ability to work varied hours/days as business dictates.
May travel to Bank or other locations for job related functions.
BENEFITS:
Retirement plans
Health Insurance
Paid days off
Annual salary: $60,000 - $70,000
Somerset Regal Bank retains the right to change or modify job duties at any time. The above job description is not all encompassing nor is it to be considered a contract of employment.
Somerset Regal Bank is an Equal Opportunity Employer. We prohibit unlawful discrimination against applicants or employees on the basis of age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
Requirements:Equal employment opportunity, including veterans and individuals with disabilities.
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