Bank Secrecy Act Analyst

FUNCTION:
Assumes responsibility for a variety of functions in support of Risk Management's BSA program. The BSA program is responsible for a variety of functions in support of Bangor Savings Bank's mission to identify, monitor, investigate & report suspicious activity relating to fraud, money laundering, identity theft, or other suspected violations of law and Bank policies.

Reports to the BSA Manager
ACCOUNTABILITIES:

• Monitors Verafin AML modules, including alerts and system reports, referrals from departments of the bank, and other means to identify suspicious activity relating to money-laundering, identity theft, compliance violations or other suspected violations of law.
• Conducts timely analysis and investigations of alerts and anomalous transactions to identify potential suspicious or fraudulent activity and identity theft. Takes action to mitigate exposure and conducts follow up with appropriate business units and/or Risk Management to curtail future occurrences of suspicious/fraudulent activity.
• Assists Bank customers, employees and law enforcement agencies regarding investigations of suspicious activity or potential fraudulent transactions. Provides comprehensive and timely information as requested.
• Performs actions to ensure compliance with the Bank Secrecy Act, US Patriot Act, or any other regulation/law governing suspicious activity, including filing complete and accurate Suspicious Activity Reports.
• Assists in the monitoring and investigating of OFAC and other watchlist concerns.
• Takes a proactive role in investigating actual or apparent violations of policies or procedures by identifying the cause of noncompliance and, if appropriate, recommends changes to policy, procedures, or practices.
• Adjusts customer parameters within Verafin to account for changes in customer behaviors and conducts customer high risk reviews to ensure the system is performing optimally.
• Assists with reviewing documentation obtained at account opening on new customers to ensure documentation is; complete, accurate and the customer has been appropriately risk rated.
• Recommends changes/enhancements to management regarding BSA, Fraud and Bank wide policies and procedures.
• Participates in and/or conducts ongoing training sessions for bank personnel in the areas of suspicious activity and fraud prevention.
• Assists branches in answering questions regarding all aspects of the Bank Secrecy Act.
• Performs other duties as assigned.

Compliance and Control:

• Assists in ensuring that the Bank is in compliance with local, state and federal regulations.

General:

• Interacts harmoniously and effectively with others, focusing upon the attainment of bank goals and objectives through a commitment to teamwork.
• Conforms to acceptable punctuality/attendance standards as expressed in the Employee Handbook.

Competencies:

• Adaptability/Flexibility - Adapts to change, is open to new ideas, takes on new challenges, handles pressure, and adjusts plans to meet changing needs.
• Initiative - Takes independent action, operates as a pro-active self-starter, and acts on opportunities, practices self-development.
• Integrity/Ethics - Deals with others in a straightforward and honest manner, is accountable for actions, maintains confidentiality, supports company values, and conveys news good or bad.
• Interpersonal Skills - Has excellent communication skills, both written and verbal as well as the ability to exhibit active listening skills and being open other viewpoints, perspectives, etc.
• Vision/Values - Supports company mission/values through daily actions and decisions, communicates the Bank's vision, mission and values to others, incorporates vision when planning

Knowledge/Skills/Experience Requirements:

• College degree required, related business/professional and/or banking experience preferred
• Minimum of three years banking experience required
• ACAMS certification preferred
• Microsoft Word, Outlook, and Excel proficiency
• High degree of analytical skills and the ability to handle complex problems
• Exhibits professionalism in handling multiple tasks in a fast paced-environment
• Organized, sets priorities, and meets deadlines
• Strong communications skills, both verbal and written
• Excellent customer service skills required
• Attention to detail, emphasis on accuracy
• Ability to work with little supervision

Physical Demands/Conditions Requirements:

• General office environment.
• Moderate lifting (to 35 lbs.) required. Moderate reaching, walking, sitting and standing required.

Equipment Used:

• General office equipment.

External and internal applications, as well as position incumbents who become disabled, must be able to perform the essential functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on an individual basis.

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