BSA Analyst 2

Job Summary

The BSA Analyst 2 assists in the execution of the Bank’s Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Compliance Program. The BSA Analyst 2 supports the BSA/AML processes. This position assists the Bank in detecting unusual or suspicious activity in a timely manner, while safeguarding the integrity of the Bank and ensuring Bank compliance with BSA/AML and OFAC regulations. This position is also responsible for assisting other BSA Units, participating in projects and other assignments in an effort to prevent the bank from exploitation by money laundering or terrorist financing activities. The BSA Analyst is to follow department procedures and comply with the FFIEC BSA/AML Examination Manual.

Essential Duties

Performs research, including negative news searches, through the Bank’s systems, online public databases and subscription-based database resources
Proficient knowledge of BSA/AML software to adequately detect, review and report suspicious activity
Stays up to date and knowledgeable on AML/OFAC regulatory requirements and FinCEN updates
Performs special projects and other related duties as assigned or requested. Additionally, may be tasked with assisting other teams within the BSA Department, such as OFAC, CTR or EDD teams
Ability to analyze and research complex information in order to submit comprehensive recommendations regarding potentially suspicious and/or high-risk activity
Partners with cross function peers to train and assist if needed
Effectively communicate and assist Bank and branch staff on any BSA related questions or issues
Proficient knowledge of BSA / AML software to adequately detect, review and report suspicious activity

Enhanced Due Diligence – EDD

Performs EDD reviews on high-risk entities and individuals to document rating rational
Analyzes customer data for AML/OFAC concerns
Works with frontline staff to resolve any outstanding information for customer profiles
Resolves complex problems or issues, where expertise is required to interpret policies, regulations, guidelines, or processes
Reviews and responds to 314(b) requests as needed

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned

Required Knowledge

Sound judgement, integrity and commitment to ethical behavior
Ability to maintain confidentiality and treat sensitive information with discretion
Bank Secrecy Act
OFAC
USA Patriot Act
Flexible and able to adapt quickly to changing work environments / priorities and tight deadlines

Basic Knowledge, Skills and Abilities

Clear understanding of the English Language (Spoken & Written)
Basic Mathematics Skills
Customer Service Skills
Critical Thinking, Judgment & Problem-Solving Skills
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 does not qualify for an officer title.

Equipment Operated

Desktop and laptop computers.

Standard office equipment, including but not limited to copiers and fax machines.

Use of the listed equipment is required to perform the essential functions of the position, with or without reasonable accommodation, in accordance with the Americans with Disabilities Act (ADA) and the California Fair Employment and Housing Act (FEHA).

Physical Requirements & Work Environment

The physical demands and work environment characteristics described below are representative of those that must be met by an employee to successfully perform the essential functions of this position. Nothing in this description is intended to limit the availability of reasonable accommodation under applicable law.

Ability to perform repetitive movements associated with office and computer-based work.
Ability to sit for extended periods of time to perform essential job functions.
Ability to lift, carry, or move objects weighing up to 25 pounds, with or without reasonable accommodation.
Ability to use hands and fingers to handle, manipulate, or feel objects and operate standard office equipment.
Work is primarily performed in an office environment with a controlled temperature and standard office conditions.

Education and Experience

High School Diploma or equivalent required
5+ years of banking experience with an emphasis on customer service
5+ years of banking experience with BSA/AML/OFAC
CAMS Certification preferred but not required
Perform Customer Due Diligence alert reviews

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.

Farmers and Merchants Bank of Long Beach 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.

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