Bank Secrecy Compliance Specialist
4 weeks ago
Welcome to PeoplesBank, a leader in green values, sustainable energy financing, and charitable giving. We operate in the best interest of our customers and strive to be an inclusive and engaging work environment. Our award-winning culture has earned us recognition as Best Place to Work and Best Local Bank.
Summary: 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 position is on-site based out of Holyoke, MA.
Key Responsibilities:
- Partner 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.
- Identify all single and aggregate cash transactions over $10,000 to determine if CTR filing is required.
- Review CTR Worksheets submitted by Banking Center Personnel for completion and accuracy.
- Perform daily review of monetary instrument forms not received.
- Perform 314a tasks as listed from FinCEN are released.
- Perform daily review of suspicious activity utilizing various reports.
- Report findings and provide analysis of significant transactions or unusual activity to the Assistant BSA Officer and/or BSA Officer.
- Maintain all related documents pertaining to BSA and archiving of documents.
- Provide guidance and BSA specific training, as needed, to banking centers and departments.
Qualifications:
- 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.
Work Environment and Physical Demands:
The working conditions and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the associate is regularly required to sit, use hands to sort, write, and keyboard, and to listen and speak. The associate is frequently required to reach, walk, stoop, crouch. The associate is occasionally required to stand, lift, bend, drive, and travel.
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