BSA Analyst- Damariscotta

Administer the daily activities involved in implementing the bank's BSA Program. Work with the Bank's BSA Officer, Risk Manager and Senior BSA Analyst to organize and analyze bank secrecy act materials and resources; to coordinate appropriate training, and to ensure that the Bank is in compliance with applicable federal regulations.

Duties:

Is responsible for the bank's compliance with the Bank Secrecy Act, specifically, the following:

• Ensure that all CTRs are filed on a timely basis.
• Support the Senior BSA Analyst in identifying and monitoring the Bank's High Risk customers, MSBs and NBFIs if applicable.
• Work with the Compliance Department and Training & Education Manager to ensure that all employees are trained on an annual basis on the importance of complying with BSA and its various subsections: completions of CTRs, and SARs, anti-money laundering efforts, Customer Identification Program, etc.
• Attend a BSA seminar annually to stay abreast of regulatory trends and changes.
• Ensure the bank is in compliance with Section 314 of the PATRIOT Act by screening the list of names received from FINCEN against the customer base on an as needed basis.
• Monitor branch compliance with Customer Due Diligence and Account Due Diligence.
• Manage enhanced due diligence on customers that require it.

Respond to monthly BSA and CDD alerts in the Bank's BSA system Verafin.

OFAC Compliance: Ensure the Bank is incompliance with rules and regulations governed by the Office of Foreign Asset Control (OFAC).

• Ensure that procedures are in place for branch personnel to screen all new customers against the OFAC list. Update procedures as necessary.
• Follow Jack Henry protocols to monitor OFAC related reports.
• Stay abreast of changes in OFAC procedures on an as-needed basis.

Follows corporate investigative procedures and standards and investigates all suspected internal and external criminal violations, suspicious incidents and policy violations that may require the filing of a Suspicious Activity Report.

Creates and retains case management records for all investigations.

Assume additional responsibilities as requested.

Requirements

High school degree, or equivalent required.

A minimum of two years in banking operations or similar experience to give the employee the technical knowledge necessary for this position.

A basic knowledge of computer operating systems, spreadsheet and word processing software in a WINDOWS operating environment and extensive knowledge of in-house processing systems desired.

Supervisory training or experience preferred.

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