BSA Analyst
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
Financial Compliance, Regulatory Compliance Specialist, Banking Operations, Risk Manager/Analyst
Job Description & How to Apply Below
Overview
Hanmi Bank – BSA Analyst
The BSA Analyst 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)/Office of Foreign Assets Control (OFAC) and supports the monitoring and reporting 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-Bliley Act), Dodd-Frank Act, Elder Abuse Laws, BSA in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program and Right to Financial Privacy Act (state and federal).
Responsibilities
Concut 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 adherence to regulatory guidelines and the bank's practices.Analyze information to reasonably ensure customers' BSA/USA PATRIOT Act/OFAC compliance.Review assigned cases with banking relationships and products to detect possible suspicious activity; conduct any needed research; file SAR as needed and document 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 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 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 external reporting requirements to include regulatory governing entities. Maintain all records, reports and supporting documentation for BSA compliance.Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes a working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.Follows policies and procedures; completes tasks correctly and on time; supports the company's goals and values.Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. Complies with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, applicable to one's own actions and conduct.Performs duties specific to the position and other functions as assigned.Minimum Requirements
These specifications are general guidelines based on the minimum experience normally considered…
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