JOB SUMMARY

The BSA Analyst will be responsible for ensuring that the financial institution complies with anti-money laundering (AML) laws and regulations; monitor transactions, investigate suspicious activities, and report any potential money laundering or fraud to regulatory authorities.

 DUTIES AND RESPONSIBILITIES

• Analysis of BSA/AML alerts within established timeframes and following alert processing guidelines.
• Recommend alerts to send to case for further evaluation of suspicious activity
• Manage BSA cases by analyzing and documenting results of activity and supporting documentation, resulting in a recommendation to file or not to file a Suspicious Activity Report (SAR)
• Participate in SAR completion process including SAR filing, SAR committee, SAR narratives, Quality Review, and SAR re-files.
• Utilize multiple systems including but not limited to core banking, AML monitoring software, check imaging software, document imaging software and online resources to analyze transaction activity and identify unusual patterns
• Conduct enhanced due diligence on high-risk customers and recommend changes to risk ratings when warranted
• Prepare and maintain documentation necessary to fulfill regulatory and third-party audit requirements
• Monitor Customer Due Diligence (CDD) questionnaires for completion and follow up with responsible departments for corrections as appropriate.
• Evaluate CDD alerts for unidentified high-risk customers generated by the AML monitoring system.
• Monitoring proper and correct completion of beneficial owner documentation as required for business deposit accounts and commercial loans.
• Complete verification and filing of Currency Transaction Reports (CTRs) within regulatory deadlines.
• Complete analysis of watch list alerts including possible matches to OFAC SDN lists, sanctioned countries, politically exposed persons, and internal lists
• Provide backup coverage as needed for all BSA AML related tasks.
• Participates in annual required BSA/AML training
• Serves as a resource for internal departments
• Performs other duties as assigned

QUALIFICATIONS

• BA or BS degree preferably in finance, accounting or related discipline, or equivalent work experience.
• A minimum of 3 years BSA/AML or related banking experience preferred.
• Must have at least basic knowledge in all areas of the BSA/AML and regulatory requirements.
• Experience using BSA/AML or Fraud monitoring systems preferred.
• Must possess excellent verbal and written communication skills.
• Must be self-motivated with excellent analytical and investigative skills.
• Must be willing to attend BSA/AML training sessions both on and off bank premises.
• Must possess at least intermediate technology skills, including fluency in Word, Excel and Outlook applications.
• Onsite position in Jasper, Tennessee.