BSA AML Analyst I
BSA AML Analyst I
Posted on :
06-04-2025
Employer Active
1 Vacancy
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Job Description
SUMMARY
The BSA Analyst I will work closely with the BSA Officer or designee to ensure that Sunwest Bank (Bank) new and prospect highrisk customers are compliant with Bank Secrecy Act (BSA) and Office of Foreign Assets Controls (OFAC) regulations and requirements; regulatory agencies requirements and expectations; and the Banks BSA/OFAC Policy. The BSA Analyst I will be responsible for the daytoday due diligence enhanced due diligence (EDD) know your customer (KYC) customer identification program (CIP) OFAC compliance reporting and control processes pertaining to the Banks prospect and new customers including foreign correspondent banking (FCB) relationships. The BSA Analyst I will be actively engaged with the Banks Relationship Managers to ensure that the Banks BSA/OFAC Policy and Procedures are accurately followed in terms of fulfilling all requirements necessary to mitigate risk and abide by U.S. laws regulations and requirements. The preferred candidate will have strong writing and analytical skills and fluency in reading Spanish.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Ensure initial due diligence KYC and CIP forms are prepared accurately.
Identify any inconsistencies and/or missing due diligence documents in the customer files and work with the BSA Officer or designee to resolve.
Conduct EDD reviews on new or prospect highrisk customers including watchlist screening to identify politically exposed persons (PEPs) and persons or entities with negative news
Identify unusual trends and patterns in highrisk customers.
Coordinate with the BSA Officer or designee to ensure recommendations and findings from independent audits and regulatory exams are incorporated into the Banks BSA/OFAC Policy and Procedures.
Serves as a point of contact for all BSA/OFACrelated matters including negative news potential matches on sanctions screening and any unusual behavior identified amongst new relationships.
Suspicious activity reviews reconciliation and reporting for any assigned cases or referrals received from Bank staff. These reviews require the use of various tools including Lexis Nexis internet sites and other applicable resources as they become available.
Any other responsibilities within the BSA Department assigned by the BSA Officer or designee.
Stays abreast of regulatory changes industry standards and best practices. Works closely with the BSA Officer or designee to update the Banks BSA/OFAC training program Policies Procedures and risk assessments as necessary and appropriate.
Support general BSA/OFAC compliance activities and other duties including special projects as assigned by the BSA Officer or designee.
ADDITIONAL RESPONSIBILITIES
Demonstrates high degree of professionalism in communication attitude and teamwork with customers peers and management
Demonstrates high level of quality work attendance and appearance
Adheres to all Company Policies & Procedures and Safety Regulations
Adheres to local state and federal laws
Understands and complies with all company rules and regulations
Attends training and maintains a basic knowledge of procedures to ensure compliance with laws and regulations governing financial institutions as they apply to your position and job responsibilities with an emphasis on the BSA OFAC Regulatory Compliance Consumer Privacy Regulation CC Information Security Bank Protection Act FACTIdentity Theft Information Technology and GrammLeachBliley Act (GLBA).
Additional duties as assigned as it relates to the position
SUPERVISORY RESPONSIBILITIES
This position does not have supervisory responsibilities
MINIMUM QUALIFICATIONS
Preferred Bachelors degree from an accredited college or university or three years of related banking experience and/or training or the equivalent combination of education and experience. Comprehensive knowledge of bank products and services including BSA.
Preferred bank operational experience of no less than three years with exposure to branch and back office operations as well as compliance functions.
Preferred BSA/OFACspecific experience of no less than one year with exposure to transactional analysis as well as general program and reporting requirements or transferrable experience.
Strong professional skills with emphasis on planning and organization. Strong and thorough knowledge of Bank policies and procedures. General knowledge of overall Bank products and services particularly those offered in a commercial banking environment.
Ability to multitask and manage multiple activities to completion within strictly regulated deadlines.
Experience with FiServ or other major core and reporting applications is desired.
Fluency in Spanish is required.
COMPETENCIES:
Adaptability
Communication
Decision Making
Initiative
Innovation
Motivator
Organization
Professionalism
Results Orientated
PHYSICAL DEMANDS: In general the following physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to allow differentlyabled individuals to perform the essential functions of the job.
Standing walking and squatting less than fifty percent of the work shift
Required to lift move and carry up to 40 pounds
Ability to read count and write to accurately complete all documentation and reports
Must be able to see hear and speak in order to communicate with employees and other customers
Specific vision abilities include close vision distance vision peripheral vision depth perception and ability to adjust focus
Manual dexterity required using hands to finger; handle feel and type; reach with hands and arms
Required Experience:
IC
Employment Type
Full Time
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