BSA Analyst 2

Job Summary

The BSA Analyst 2 assists in the execution of the Bank's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. The BSA Analyst 2 assists the Bank in detecting unusual or suspicious activity in a timely manner in an effort to safeguard the integrity of the Bank and ensure the Bank's compliance with BSA/AML and OFAC regulations. The BSA Analyst 2 supports the AML processes, including the investigation of potentially suspicious activity and drafting of Suspicious Activity Reports (SARs) for submission to FinCEN upon approval from BSA management. This position is also responsible for alert monitoring, daily audit log, daily data validation, customer due diligence and enhanced due diligence, and other processes in an effort to prevent the Bank from being exploited by money laundering or terrorist financing activities. Monitoring is to follow department procedures and comply with the FFIEC BSA/AML Examination Manual.

Essential Duties

• Review Alerts (triage)
• Case Reviews (SAR or No SAR decision making)
• Suspicious Activity Report (SAR) Review
  • Write SARs in accordance with regulations and time limitations
• E-File SARs with FinCEN within required deadlines, as needed
• Perform 90-Day SAR Reviews
• Perform RBRR (Rules Based Risk Rating) Reviews
• Perform annual Enhanced Due Diligence (EDD) reviews on customers designated as "High Risk" for money laundering, including Non-Resident Aliens, Money Services Businesses (MSB), Private ATM Operators, and Third Party Payment Processor (TPPP)
• Perform research, including negative news searches, through the Bank's systems, online public databases and subscription-based database resources
• Perform review of 314(a) Request from FinCEN every two weeks and disposition potential matches
• AS400 OFAC Review
• Ability to analyze and research complex information in order to submit comprehensive recommendations regarding potentially suspicious and/or high risk activity
• Proficient knowledge of BSA/AML software in order to adequately detect, review and report suspicious activity

Technical Duties (if assigned)

• Review of Daily Audit Log
• Perform daily Data Validation
• BSA Manager
  • System Parameters
  • VEGO Feed Management Parameters
    • Import Research (Failures)
    • Tran Code Management
• Assist with and/or manage System Upgrades
• Assist with MRMs
• Assist with RBRR
  • Quarterly Review
  • Annual Review
  • Statistical Management Reports
  • NAICS Analysis
• BAM+
  • System Parameters
  • Scenario Review
    • Tuning
    • Reporting
    • Efficiency Tracking
  • Assist with and/or manage upgrades
• Abrigo
  • Ticket creation and or monitoring
• Monitor compliance with the Bank's Customer Identification Program (CIP)
• Perform monthly/quarterly certifications
• Provide feedback on monitoring activities and procedures; Create and/or enhance department desk procedures, as needed
• Assist Bank and branch staff on any BSA related questions or issues
• Performs special projects and other related duties as assigned or requested

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, AML, OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Completes compliance and other technical training workshops as assigned.

Non-Essential Duties

• Daily Audit Log
• Daily Data Validation
• Maintain adequate filing and tracking system for BSA documents
• Attend seminars to enhance knowledge of BSA/AML & OFAC regulations/requirements
• OFAC Review
  • Assist Branches and Departments with potential OFAC matches or Sanctions restrictions to ensure ongoing OFAC Compliance.
• Conduct SSN/TIN search via IRS website (not required, but preferred)

Required Knowledge

• Bank Secrecy Act
• OFAC
• USA PATRIOT Act
• Bank Protection Act ( Security)
• Privacy Laws
• Fair Credit Reporting Act
• Banking Operations
• Abrigo AML Monitoring (BAM, BAM+)

Basic Knowledge, Skills and Abilities

• Clear understanding of the English Language (Spoken & Written)
• Basic Mathematics Skills
• Customer Service Skills
• Telephone Skills
• Critical Thinking, Judgment & Problem Solving Skills
• Ability to actively listen & learn.
• Ability to respectfully communicate with supervisors and co-workers
• Ability to effectively deal with unpleasant, angry or discourteous people
• Proficient in Microsoft Excel, Word, Outlook.

Equipment Operated

• Telephones
• Desk Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement.
• Requires standing and/or sitting for prolong periods of time.
• Requires lifting up 10 lbs.
• Office setting w/controlled temperature

Education and Experience

• High School Diploma or equivalent required.
• 5+ years of banking experience with an emphasis in Operations.
• 3+ years of banking experience with BSA/AML/OFAC.
• CAMS Certification preferred but not required.

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

F&M Bank reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.