BSA Compliance Analyst I

1 week ago


Webster, United States Wellby Full time
Job Summary

We are seeking a highly skilled BSA Compliance Analyst I to join our team at Wellby. As a key member of our compliance team, you will play a pivotal role in advancing our organization's strategic objectives by addressing compliance, financial, operational, and reputational risks associated with BSA/Anti-Money Laundering.

Key Responsibilities
  • Provide essential oversight to ensure adherence to all regulatory requirements in alignment with the organizational vision.
  • Employ objective reasoning while reviewing, monitoring, and investigating transactions through automated systems and other reporting methods.
  • Work closely with team members and leaders across the organization to foster a unified approach to risk mitigation and quality assurance.
  • Conduct Customer Identification Program (CIP), Know Your Customer (KYC), and transaction monitoring for consumer and business entity relationships.
  • Exercise discretion and independent judgment when reviewing incoming CTRs/SARs to ensure appropriate information has been captured and recommend SAR or No-SAR decision for filing, and complete detailed narratives of investigation findings in the form of a SAR or no SAR memo.
  • Ensure timely submission of required regulatory filings, including the filing of Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) according to Financial Crime Enforcement Network (FinCEN) guidelines.
  • Review, research, and determine suspicion items and transactions identified according to the Bank Secrecy Act (BSA) and OFAC via AML automated alerts or manually received reports and internal referrals.
  • Work cooperatively with internal departments, other financial institutions, local, state, or federal authorities to obtain and analyze information related to investigations of BSA, OFAC, and USA PATRIOT Act.
  • Monitor account activity to ensure compliance with all OFAC requirements. Clear OFAC false positive hits on wires, ACH, and new memberships opened digitally and in branch locations.
  • Complete daily/monthly reviews of monetary instrument (MI) purchases.
  • Maintain all business affairs of both internal and external members confidentially.
  • Complete all required, ongoing enterprise-level training including, but not limited to, BSA, OFAC, Privacy, and Information Security.
  • Maintain the highest levels of integrity and professionalism.
  • Perform other duties as assigned.
Requirements
  • High School Diploma or equivalent required
  • Minimum of two (2) years prior financial institution experience. BSA experience preferred.
  • Ability to obtain Certified Anti Money Laundering Specialist (CAMS), Bank Secrecy Act Compliance Specialist (BSACS) Certifications within one (1) year of employment.
  • Experience with Verafin, Symitar, and Meridian Link preferred
  • Excellent communication, organizational and time management skills.
  • Bondable


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