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16 Jul 2024
Full-Time BSA Risk Analyst, AVP (Req#2664)
Job Description
The cornerstone of a strong BSA/AML (Bank Secrecy Act/Anti-money laundering) compliance program is the adoption and implementation of comprehensive risk policies, procedures, and processes for all areas of the bank for BSA related risk, particularly those that present a higher risk for money laundering and terrorist financing. The objective is to be able to ensure the proper controls are in place and working effectively to mitigate these risks. Reports to VP, BSA Risk Manager.
- Analyzes and evaluates compliance risks and recommends changes to policies, procedures, processes to reasonably ensure risk-based and appropriate controls are implemented and maintained. Recommends updates to policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide.
- Responsible for monitoring, analyzing, and identifying risk and controls, related to BSA, AML, and OFAC (Office of Foreign Asset Control) and the USA Patriot Act components of the Banks’s BSA Program while utilizing sound and current compliance industry’s standards and practices.
- Develop, document, and execute sound methodology to identify and assess BSA related risks that may affect the BSA/AML program by carrying out assessments, second line testing for high-risk services or entities, enterprise-wide department visits, and internal control testing within the BSA area.
- In support of the department manager and business units, participate in new initiative BSA assessment in GRC solution (Archer) when applicable.
- Maintain and contribute to monthly BSA metrics.
- Keep abreast of current BSA industry news and regulations and prepare monthly update to BSA management
PROBLEM SOLVING & DECISION MAKING:
- Demonstrates a high level of proficiency, skill, and knowledge. Develops personal goals and objectives for the BSA Risk Officer II position for review with VP, BSA Risk Manager and directs their activities of their assigned projects to achieve objectives.
- Develops and recommend new procedures within the BSA-AML department to ensure the most current methodologies and system enhancements are being utilized and implemented.
REQUIREMENTS:
- Significant knowledge of principles of BSA related regulations.
- Must possess 5+ years of specialized experience in BSA compliance with 3 years’ experience in risk.
- Interpersonal Relationships – Ability to work with a variety of individuals and groups in a constructive and collaborative manner.
- Ability to manage and/or track multiple assessments in a risk-based manner.
- Strong written and verbal communications skills as well as good organizational skills.
- Verafin, and GRC experience a plus.
- Must have the ability to maintain accuracy when under pressure and tight time constraints and must continually be detailed-oriented.
- Banking and/or regulatory experience is preferred.
- Audit background preferred but not required.
How to Apply
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