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First Bank · 15 hours ago

BSA Senior Analyst

Hamilton Township, NJ

Full-time

Onsite

Mid, Senior Level

$66K/yr - $75K/yr

2+ years exp

First Bank is committed to hiring talented individuals with strong work ethics. The Senior BSA Analyst is responsible for ensuring compliance with BSA, AML, and OFAC regulations, conducting investigations, and preparing Suspicious Activity Reports.

BankingFinancial Services

Hiring Manager

Daniel Kiernan

Responsibilities

Assist in all aspects of monitoring activities relating to the Bank Secrecy Act, Anti- Money Laundering and OFAC compliance

Conduct in-depth research and analysis of system-generated alerts and cases related to potential suspicious activity, including but not limited to wire and ACH transfers, cash structuring, and unusual transactional patterns

Manage a caseload of potential suspicious activity from the BSA/AML monitoring system, documenting all research and analysis performed for future examinations

Analyze transactional data to identify irregular activity, leveraging an understanding of historical client behavior and regulatory definitions of suspicious activity

Assist in reviewing new accounts to ensure all information is in the system and accurate

Prepare clear, concise, and well-written case narratives and initial Suspicious Activity Report (SAR) recommendations

Conduct OFAC reviews, escalate potential matches, and maintain all necessary documentation

Assess and recommend changes to customer risk ratings based on customer industry code, account activity and gathered information

Correspond with business lines and branch personnel to clarify account activities, obtain supporting documentation, and provide guidance on due diligence requirements

Utilize BSA software and other reports to detect suspicious activities

Participate in projects and initiatives aimed at improving efficiency and strengthening control environments within the BSA department

Qualification

BSA/AML complianceAnalytical skillsBSA software proficiencyMicrosoft Office SuiteACAMS certificationEffective communicationProblem-solving skillsNegotiation skills