BSA Technical Analyst 1

Job Summary

The BSA Technical Analyst 1 assists in the execution of the F&M's Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. This position is responsible for the insurance and integrity of the BSA Department's suspicious activity monitoring system (BAM+) by performing testing, as well as analyzing system parameters and scenarios. Periodically, the vendor provides new system releases, upgrades, scenario enhancements, etc. This position performs testing to validate proper customer due diligence occurs 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.

This position maintains core competencies and essential knowledge in BAM+ and other BSA/AML applications, including other applications provided by Abrigo, as well as Jack Henry and Cognos.

Essential Duties • Testing and implementation of all BSA/AML and OFAC related software and module updates and releases, such as: BSA Manager, SAR Manager, BAM+, WLM, DDM and QAR.

o Future State: BAM+, SAR+, BAM+ Scan, DDM, QAR• Vendor (Abrigo) ticket/case creation and or monitoring • Maintains System Parameters/User Permission Settings• Creation of Model Risk Management (MRM) documentation• Management of Rules-Based Risk Rating (RBRR) Module

o Quarterly Refresh and Ratings Application• Formatting of Results• Quarterly Assignments

o Annual Tuning• Efficiency, updating approaches• Setting analysis standards• Statistical Management Reports• NAICS Analysis• Analysis of Parameters for New & Existing Scenarios• Annual Alert Tuning Review• Efficiency Tracking• Reducing redundancies• Effectiveness • User Defined Groups• Individual variations and/or individual exemptions, as applicable• Reporting and ensuring the scenarios are running as scheduled• Due Diligence Module (DDM) Management & New Account Evaluations

o Unreconciled Portfolio Management

o Management of Portfolio Status (New, Active, Inactive, Closed, etc.)

o Parameter Settings

o Assignment of Onboarding Reviews

o Maintain and Update Question Sets, User Guides & Desk Procedures

o Provide Training & Support to Frontline & Back-Office Staff

o Performs Risk Based Analysis of New Accounts • Compile Data and Create Charts for:

o Semi-Annual BSA Committee

o Quarterly Risk & Compliance Committee

o Semi-Annual Risk & Compliance Joint Committee with Audit• Quarterly Tolerance Report Creation & Formatting

o Responsible for pulling DDM Tolerance reports, identifying new accounts and formatting results for assignment. • Risk Assessment Data Collection:

o Responsible for pulling and/or inputting all applicable data for risk assessments performed by the BSA Department.• Compile Data for Audit & Exams

o Internal Audits

o Regulatory Exams

o Independent Audits

Other Duties• May assist in performing monthly/quarterly certifications • Recommends enhancements and/or input regarding monitoring activities, procedural updates, revisions or creation of department desk procedures to BSA Management • Assists Bank and branch staff on any BSA-related questions or issues• May perform Alert, Case or SAR reviews • Performs special projects and other related duties as assigned or requested• Maintains documentation on the internal, BSA SharePoint

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. This position will elevate potentially suspicious activity to BSA Management. Completes compliance and other technical training workshops as assigned.

Non-Essential Duties• Perform periodic data integrity check on AML software• Maintain adequate filing and tracking system for BSA documents• Attend seminars to enhance knowledge in BSA/AML & OFAC• Assist Branches and Departments with potential OFAC matches.

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+, BSA Manager)

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.

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President, Vice President.

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.• 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. • 5+ years of experience with BSA/AML programs within the financial services industry.• CAMS Certification preferred, but not required. • BAM Professional Certification preferred

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.