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- Fantastic opportunity with an expanding bank
- Wide ranging role with fantastic growth potential
About Our Client
The organization is a minority owned and managed bank that have steadily grown over the past few years and are looking to recruit a BSA Analyst in their Newark office.
Summary: The BSA Analyst is responsible for assisting the Deputy Compliance/BSA Officer in the daily and monthly workflow in the Compliance Department. Responsibilities: * Follow procedures as documented in the BSA Program * Review and File Currency Transaction Reports as required by FinCen * Review and clear OFAC alerts generated by the Bank's systems * Access, review, and complete 314 (A) screening requests * Review wire transaction report on a quarterly basis for unusual or suspicious activity * Review monetary instrument log on a monthly basis for unusual or suspicious activity * Review weekly new account reports for CIP and proper risk ratings * Prepare and complete daily, weekly, monthly, and quarterly BSA monitoring reports * Complete and document daily due diligence research on existing and prospective Bank clients * Prepare trend analysis reports to monitor BSA risk metrics * Assist with and/or perform other duties as assigned
The Successful Applicant
* Knowledge of Bank Secrecy Act and Anti Money Laundering regulations including OFAC regulations and USA PATRIOT Act. * Ability to follow procedures and recognize unusual transactions. * Strong attention to detail and strong organizational/time-management skills. * Ability to effectively complete multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes. * Ability to work independently and/or in teams under limited supervision. * Ability to establish and maintain effective work relationships both internally and externally. * Strong interpersonal skills evidenced in both verbal and written communications as well as excellent listening skills. * Business writing skills and experience. * Fundamental knowledge of general banking principles, philosophies, and operations. * Ability to provide leadership, motivating and persuading others to address compliance risks without having actual authority over them. * Experienced PC user with skill in the use of Windows, Word, Excel, Power Point, and/or other computerized tools that may be utilized on a regular basis.
What's on Offer
Competitive base salary + bonus and benefits