Bank Secrecy Analyst

HYBRID IN HOLYOKE, MA 

Bank Secrecy Analyst

Our client in Holyoke, Mass. the largest and most admired community bank in Western Massachusetts, is seeking a Bank Secrecy Analyst to join their team. The Bank Secrecy Analyst assists in the administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the Compliance Program of the bank.
This is a hybrid role.

Essential Duties and Responsibilities include the following. (Other duties may be assigned)

• Partners with the Assistant BSA Officer, Bank Secrecy Analysts and business line management to ensure compliance with the Bank Secrecy Act, Anti Money Laundering, USA Patriot Act, and OFAC.
• Uses BSA Department email box for all communication with others regarding BSA issues so that all BSA Department members are aware of issues and able to assist other employees.
• Identifies all single and aggregate cash transactions in excess of $10,000.00 to determine if CTR filing is required.  Ensures necessary forms are received from Banking Center Personnel 
• Reviews CTR Worksheets submitted by Banking Center Personnel for completion and accuracy.  Completes CTR’s on a daily basis for all qualifying aggregate cash transactions accurately within required time and provide to Sr. BSA Specialist for review and filing with FinCEN.
• Identifies errors in BSA documents received from either Retail or other Departments and notifies the appropriate individual of changes made or needed
• Pulls copies of monetary instruments cleared over $8,000 to be used for quarterly review.
• Perform quarterly monetary instrument review of payees and endorsements over $8,000 and quarterly review of all wire transfers and document review in Verafin
• Perform monthly possible MSB’s review using state and federal databases.
• Perform daily review of monetary instrument forms not received.
• Perform 314a tasks as lists from FinCEN are released.
• Perform daily tasks to identify possible suspicious activity utilizing the following reports:
  • • OFAC Report Review
    • Monetary Instruments Forms
    • Kiting Report
    • ACH Daily Report Review
    • Supervisor Override Report
    • ATM, Currency Exchange  log reviews for correctness, completeness and notify BSA dept. members of any potential suspicious activity
    • New Business Account form review and  upload to Verafin
    • CTR E-filing and update submission spreadsheet
    • Review ForFile report and update any new processors on bank watch list
    • Download SDN List when updated by FinCEN
    • Verify WITS is current with OFAC listing
    • Update Task list daily
    • Update Bank watch list daily
    • Verafin Watch List & Verafin Wire errors
• Report findings and provides analysis of significant transactions or unusual activity to the Assistant BSA Officer.
• Makes recommendation for closure of accounts to Assistant BSA Officer and provides documentation and analysis for recommendation.
• Perform weekly review of subpoena log and open case in Verafin, if necessary
• Perform monthly monitoring of ACH Credit Report to identify possible suspicious activity
• Perform daily monitoring to identify possible suspicious activity utilizing the following reports:
  • • BSA Logs for Currency Exchanges and ATM Currency Deposits
• Perform annual monitoring to identify possible suspicious activity and ensure compliance with all required documentation :
  • • Non-Bank ATM
    • Lottery License
    • BSA Exemption Review
• Utilizes Verafin software and BSA databases to perform comprehensive BSA monitoring
  • • Upload Vendor to Verafin for OFAC monitoring
    • Clears alerts and add any suspicious activity to Bank’s Internal Watch List for further reviews
    • Reviews new business account documentation and uploads all Beneficial Ownership Information
• Documents all Bank Secrecy Act activity and maintains accurate and complete files, as well as, clearly communicates any issues to the Assistant BSA Officer.
• Utilizes BSA databases for suspicious activity monitoring and makes recommendations for any enhancements to databases.
• Maintain all related documents pertaining to BSA and archiving of documents, review and update departmental procedures annually.
• Provides guidance and BSA specific training, as needed, to banking centers and departments
• Maintain a high degree of knowledge of BSA and related regulations and requirements by attending meetings and or seminars/webinars.
• Performs related or unrelated duties as may be requested.
• Completes all yearly compliance training and testing and complies with bank, federal, and state regulations.  Complies with Bank Policies and Procedures. Adheres to departmental and bank-wide service standards. 

• Bachelor's degree (B.A.) from four-year College or university; or one to two years related experience and/or training, or equivalent combination of education and banking experience.

• Strong analytical, problem solving and organizational skills
• Ability to resolve complex issues through in-depth analysis and research
• Excellent verbal and written communication skills. 
• Able to work effectively across banking lines and with staff at all levels
• Comprehensive understanding of general banking compliance regulations and laws
• Comprehensive understanding of general banking operations activities, products, and services

If this is a role that interests you and you’d like to learn more, click apply now and a recruiter will be in touch with you to discuss this great opportunity. We look forward to speaking with you

About ManpowerGroup, Parent Company of:  Manpower, Experis, Talent Solutions, and Jefferson Wells

ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2022 ManpowerGroup was named one of the World's Most Ethical Companies for the 13th year - all confirming our position as the brand of choice for in-demand talent.