BSA Analyst II
Job in
Los Angeles, Los Angeles County, California, 90079, USA
Listing for:
Hanmi Bank
Full Time
position
Listed on 2025-12-01
Job specializations:
-
Finance & Banking
Regulatory Compliance Specialist, Financial Compliance, Banking Operations, Risk Manager/Analyst
Job Description & How to Apply Below
SUMMARY
The BSA Analyst II is responsible for assisting within the BSA Department and supporting the BSA Officer as directed. The individual follows the Company’s BSA Policy to ensure conformity and adherence with all applicable state and federal laws, regulations, and policies and procedures. Additionally, this individual possesses a growing level of knowledge in the area of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/Officer of Foreign Assets Control (OFAC), and supports the monitoring process according to internal procedures and schedules, as well as providing support to their supervisor on special projects and assignments.
Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA (Gramm–Leach–Briley Act);
Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd‑Frank Act);
Elder Abuse Laws;
Bank Secrecy Act in conjunction with the USA PATRIOT Act;
Anti‑Money Laundering and Customer Information Program;
Right to Financial Privacy Act (state and federal).
REQUIRED DUTIES
Conduct customer relationship review as it relates to Currency Transaction Reports (CTR), Enhanced Due Diligence (EDD), Know Your Customer (KYC) and Suspicious Activity Report (SAR), and adhere to regulatory guidelines and the bank’s practices.Analyze the information to reasonably ensure customers’ BSA/USA PATRIOT Act/OFAC compliance.Review assigned cases with banking relationships and products and detect possible suspicious activity; conduct any needed research; and file SAR as needed while documenting the research and analysis performed.Correspond with business units and branches for clarification of the activities conducted, obtain supporting documentation, and update responses to the BSA system.Perform the required KYC screening on new clients and higher‑risk customers as defined by the bank’s policy and procedures by documenting and corroborating the information obtained on the client as required by the bank’s KYC procedures utilizing a variety of independent research sources. High‑risk customers may include but are not limited to Money Service Business (MSB), Trade Finance Service Customers, Politically Exposed Persons (PEP), Correspondent Banking Relationships, Non‑Bank Financial Institutions (NBFI), Cash‑Intensive Business Customers, Non‑Governmental Organizations (NGO), and Import‑Export Wholesale Businesses.Maintain and manage the list of accounts, and maintain required documentation.Conduct OFAC search on the beneficiaries of monetary instruments purchased by the customers using cash and record the search results.Stay abreast of compliance regulations as they apply to this position. Ensure activities are in compliance with the laws, rules, regulations, policies, and accepted practices.Ensure compliance with all external reporting requirements to include regulatory governing entities. Maintain all records, reports and supporting documentation for BSA compliance.Responsible for developing and ensuring completion of annual BSA/AML/OFAC training for staff that requires initial or periodic training.Treat people with respect; keep commitments; inspire the trust of others; work ethically and with integrity; uphold organizational values; accept responsibility for own actions.Demonstrate knowledge of and adherence to EEO policy; show respect and sensitivity for cultural differences; educate others on the value of diversity; promote a working environment free of harassment of any type; build a diverse workforce and support affirmative action.Follow policies and procedures; complete tasks correctly and on time; support the company’s goals and values.Perform the position safely, without endangering the health or safety of themselves or others, and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own…
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