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The BSA Analyst works independently to provide technical, professional, and analytical support to the BSA Officer to ensure compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act, Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) laws and regulations.
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· Detect, analyze and prepare Currency Transaction Reports (CTR) with accuracy and completeness for required reporting to FinCEN.
· Screen and investigate deposit and non-deposit customers/transactions against various regulatory and law enforcement agency watch lists, such as OFAC and USA Patriot Act 314a, for potential matches to be reported immediately to the BSA Officer.
· Process transaction monitoring alerts generated from the Bank’s BSA/AML software. This includes a basic understanding of relationships, transactions, and characteristics of customers through reviewing/analyzing account activity to determine whether unusual/suspicious activity is present requiring recommendation of escalation for further investigation by senior team members. Descriptive alert narratives will be prepared, through the support of templates, that describe the “who, what, where, when, why, and how”.
· Assist and support, as appropriate, other roles within the BSA department.
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· Working knowledge of branch operations and procedures.
· Demonstrated ability to prioritize and complete workload in a timely and effective manner.
· Performs attention to detail, accuracy and good organizational skills.
· Strong critical thinking skills.
· Very good communication skills, both verbal and written.
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