BSA Regulatory Analyst

Primary Purpose Of Job

Implements regulatory requirements of the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program.

• Evaluates risk criteria and identifies suspicious account activity.
• Determines if blocking or closing accounts is required, and whether criteria is satisfied for reporting to regulatory agencies within regulatory guidelines.
• Responsible for general oversight of the CTR program, which may include processing, inputting, and e-filing Currency Transaction Reports (CTR). Responsible for administering CTR Exemption Program, including filings and annual reviews.
• Makes determinations regarding blocking or closing accounts and reporting to regulators within regulatory deadlines.
• Reviews case transaction reports and applies decision making with regard to disposition.
• Prepares data analytical reports relating to the Customer Identification, Customer Due Diligence, and Enhanced Due Diligence Programs.
• Annually updates and maintains the BSA risk assessment.
• Prepares a gap analysis review of anticipated vs actual activity and collected Customer Due Diligence information.
• Maintains and updates customer information, including information regarding the beneficial owner(s) of legal entity customers.
• Provides advice and guidance to lines of business regarding compliance with applicable banking laws, regulations, regulatory policies & procedures.
• Completes all requisite job training.

• One (1) year of similar or related experience in:
  • Investigating complex BSA/AML suspicious activity cases;
  • Performing reviews for customers deemed to be high risk;
  • Making accurate SAR filing determinations;
  • Independently complete: CTR cases, Monetary Instrument Logs, OFAC reviews and approvals, 314(a) and (b) requests;
  • Performing analysis of information/data to interpret and apply to business decisions;
  • Writing and presenting in a manner that effectively communicates with all levels of the organization.

• Demonstrated organizational skills and flexibility to adapt to rapidly changing priorities.
• Effective communicator, demonstrated through listening, writing, and oral presentations to broad constituency groups that may include management, internal auditors, external regulators, etc.
• Demonstrated ability to work independently, applying knowledge of policies & procedures to deliver results.

EOE, including disability/veterans. At American Savings Bank, we welcome and support all individuals and celebrate the diversity of our team members, customers and community. We are committed to ensuring that our online application process is accessible and provides an equal employment opportunity to all job seekers.