BSA Analyst

JOB SUMMARY

The BSA Analyst is an AML/CFT professional who will assist the Bank's BSA Officer to ensure BSA regulatory requirements are met. This will include performing investigations, conducting analysis, and writing conclusions. It may include transaction monitoring, sanctions analysis, enhanced due diligence, suspicious activity investigations, or currency transaction reporting. The function may also include data management, training assistance, or administrative functions.

DUTIES

• Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.
• Assist in and perform investigations into cases referred by Bank personnel for unusual activity and document findings accordingly.
• Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.
• Assist in investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
• Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
• Administer essential workflow functions such as monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.
• Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
• Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
• Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
• Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
• Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues, assessing impact on the Bank, and implementing the changes.
• Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
• Assist in providing training and support as needed.
• Perform other duties as assigned.

QUALIFICATIONS

• EDUCATION: Knowledge of BSA/AML, USA PATRIOT Act, OFAC laws and regulations is required. Experience analyzing a variety of AML typologies is strongly preferred. Knowledge of CTR and SAR reporting laws is preferred. Bachelor’s degree or equivalent is preferred.
• EXPERIENCE: Minimum of 1 year of experience in BSA/AML analysis at a US Financial Institution where your primary function was AML/CFT analysis. Experience in banking operations, regulatory, legal, or auditing environment with significant exposure to regulatory compliance matters preferred.

SKILLS/ABILITIES

• Highly detail-oriented, reliable, and consistent.
• Good time management, analysis, and organization skills.
• Good ability to communicate complex facts, especially in writing.
• High integrity.
• Capable of adapting to fast paced environments.
• Aptitude with PC and MS Office software suite.

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• Dental insurance
• 401(k)
• Disability insurance

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.