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BSA Analyst
Summary
Title:BSA Analyst
ID:1060
Department:Risk Management
Description
BSA Analyst
Corporate Title:        Exempt – BSA Analyst

EEOC Class:            Professional

Department:              BSA/Compliance Department                             
Reports to:                  Compliance Officer

Position Summary:
Assist the Bank Secrecy Act (“BSA”) Officer in maintaining Carver’s BSA, Anti-Money Laundering (“AML”) and Office of Foreign Assets Control (“OFAC”) compliance program. 

Essential Duties and Responsibilities:
The primary role of the BSA Analyst is to review customer transactions for unusual or suspicious activity.  To successfully perform this function, the BSA Analyst must:
 
  • Be familiar with “Red Flags” for identifying unusual/suspicious activity.  Ongoing training is provided to ensure updated knowledge of money laundering and terrorist financing typologies.
  • Utilize internal and external resources to research the customer and account activity under review to arrive at a preliminary determination on the nature of the activity.  Internal resources include Carver’s own databases, such as our check imaging system; external resources include internet searches such as Google.
  • Draft written narratives to document transaction reviews, and exercise discretion and independent judgment to provide recommendations to file or not file Suspicious Activity Reports (“SARs”).  If a SAR is recommended, the BSA Analyst will draft a SAR.
 
BSA Analysts may also be called upon or delegated to perform any of the following functions:
 
  • Provide support to the branch system by answering any BSA or OFAC questions they may have, or refer them to the appropriate contact person.
  • Research potential OFAC “hits” occurring at the branches or in the wire room and provide resolution.
  • Present or assist in presenting BSA and OFAC training materials to other Bank employees, such as New Hire Orientation.
  • Review and/or prepare Currency Transaction Reports (“CTRs”).
  • Utilize BSA Department software to conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
  • Periodically use WatchDog software to scan Carver’s customer database against the OFAC list.
  • Prepare specialized reports using Microsoft Excel and our BSA Department Software, known as Banker’s Toolbox Anti-Money Laundering software (“BAM”).
  • Conduct periodic reviews of high risk accounts and customers.
  • Assist in periodic updates to Carver’s BSA/AML/OFAC Policy and procedures to reflect changes in departmental procedures and ensure compliance with new regulations.
 
Requirements:
 
  • Good Writing and Organizational Skills
  • Good verbal communication Skills
  • Interest, Motivation and Commitment
  • Computer Skills
    • Use BSA Department software (BAM);
    • Use Microsoft Word and Excel;
    • Research checks and deposited items using IS Research internal database;
    • Conduct internet research;
    • Take and save screenshots;
    • Navigate a hard drive.
  • Working knowledge of the principles and procedures related to AML, BSA, OFAC regulations and the USA Patriot Act requirements. ACAMS certification a plus.
  • Ability to read, analyze, and interpret regulatory requirements.
  • Must be self motivated and able to function with minimal supervision, and flexible enough to work within a team environment or independently as required.
  • Ability to define problems, collect data, establish facts, and independently draw valid conclusions.
  • Detail oriented with strong technical and analytical skills, and able to multi-task and handle deadlines.
 
 
 
This opening is closed and is no longer accepting applications
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