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Under the direction of the SVP, Fraud & BSA Officer, the BSA Compliance Analyst is responsible for account identification, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity such as potential fraud, structuring, money laundering, or/and terrorist financing to ensure the Bank is in compliance with the Bank Secrecy Act and USA Patriot Act. This includes identification of unusual transactions and escalating incidents to the BSA Officer and analysts as appropriate, in a timely and accurate manner. The BSA Analyst will monitor the daily, weekly, and monthly alerts, and other duties as needed to assist in investigations and ongoing reporting. The BSA Compliance Analyst performs various quality controls reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program compliance using industry standard and regulatory guidance to ensure the Bank’s compliance efforts are maintained on a daily basis.

Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.

Essential Duties and Responsibilities:

• Review daily, weekly, and monthly Fraud, BSA, CDD/EDD alert reports and document actions including non-filing and filing of SARs where needed, ensuring accuracy and compliance with BSA requirements and in accordance with regulatory deadlines
• Perform daily review, monitoring and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kitting, significant changes in balances, cash structuring in deposits, loan payments, certificate of deposit purchases, wire or ACH transfers, new account openings, etc.
• Process Financial Crimes Enforcement Network (FinCEN) 314(a) list searches and prepares package for approval
• Perform research and negative news searches, online searches, and subscription-based resources (i.e. CLEAR) when reviewing a customer’s account activity
• Suspicious Activity Response – Investigate escalated alerts of potential suspicious activity produced or referred by other areas of the bank and determine appropriate course of action
• Analyze client and transactional data to identify potentially suspicious activity, exercise solid judgment on examining information, and document suspicious activity, behaviors and/or patterns
• Detect, respond, and report Elder Financial Abuse to the appropriate authorities within the required reporting deadlines
• Watch List Response – Ensure Watch List information is properly maintained and updated, review and respond to concerns about OFAC, SDN or other Watch List alerts and take mandated action as necessary
• Contributes to the development and implementation of Fraud Risk processes, tools, policies, standards, and procedures in alignment with the BSA/AML Program
• Serve as a resource for fraud or other suspicious activities
• Responds to inquiries or refers inquiries to the appropriate department or person and demonstrates the necessary follow through with clients and staff involved to ensure proper resolution
• Assists in ad-hoc special projects as necessary
• Recommends enhancements regarding monitoring activities, including policy and procedural updates and revisions to the BSA Officer
• Keep abreast of Fraud, BSA and AML related regulations for changing compliance and recommend business process improvements
• Review and analyze new and pending laws and regulations and develop or revise appropriate policies, procedures, contracts and agreements to ensure compliance
• Assist with preparation for regulatory examinations and audits
• Attend various seminars, webinars, and other outside compliance training
• Minimum of 10 hours CRA volunteer hours per year. Volunteer hours are typically scheduled within business hours. This is compensable time and mileage is reimbursed
• Other duties as assigned

Supervisory Responsibilities: This job has no supervisory responsibilities.

Qualifications:

• Combination of training and experience that would provide the knowledge and abilities listed above including specific knowledge of State and Federal laws and regulations pertaining to financial institutions (i.e., BSA, AML, OFAC, USA Patriot Act)
• Minimum of 4 years BSA and Fraud experience. Experience in depository financial institution processes and procedures or similar experience is preferred
• Solid understanding of banking and fraud threats posed by Money Laundering activities
• Proficiency with computer programs including fraud identification and AML software
• Organize workflow efficiently, self-direct personal training needs and utilize available resources
• Perform financial analysis, draw logical conclusions, and make recommendations when needed
• Sound analytical, evaluation, communication, and interpersonal skills
• Act independently and confidentially under modest levels of supervision
• Ability to distinguish and manage confidential information, materials, and conversations.
• Establish and maintain effective working relationships with employees from other departments
• Ability to work scheduled full-time hours and maintain regular attendance
• Ability to multi-task in a fast-paced environment

BSA and Compliance Responsibilities – in addition to those indicated above:

• Comply with all requirements, policies, and procedures of the Bank Secrecy Act (BSA) and complete all mandatory BSA training as needed for this position
• Report to the BSA Officer any money laundering, fraud, and other suspicious activity.
• Comply with all requirements, policies and procedures outlined in the Bank’s BSA/CIP/OFAC Policy
• Complete all required compliance and regulatory training, not limited to BSA, as needed for this position

Physical/Mental Demands & Work Environment:

The incumbent in the course of performing this position frequently spends time writing, typing, speaking, listening, operating basic business equipment, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, walking, standing, reading documents or instruments, detailed work, problem solving, client contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions. The incumbent for this position will occasionally lift up to 15 pounds, pull, squat, kneel and reach. The incumbent is in a non-confined office-type setting in which they are free to move about at will. The work environment is typically quiet to a moderate noise level.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Management reserves the right to change this position description at any time.

See qualifications above.

Poppy Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

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