Senior BSA Analysts are responsible for day-to-day implementation of Bank's BSA review, investigation, account identification, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity such as potential structuring, money laundering or terrorist financing to ensure the Bank is in compliance with the Bank Secrecy Act and USA Patriot Act. This includes identification of unusual transactions and timely and accurate filing of the Bank's suspicious Activity reports and currency transaction reports.
Essential Duties and Responsibilities include the following:
1.Pursuant to the Bank's established BSA Monitoring Program, review and analyze all of the appropriate SAR monitoring reports to identify unusual/suspicious account activity for Suspicious Activity Reports (SARs).
2.Conduct research and investigation on specific unusual/suspicious account activity based on law enforcement requests to determine whether or not a SAR is warranted.
3.Review SAR Evaluations and the accompanying supporting documents submitted by the branches or other departments of the Bank to determine whether a SAR is warranted. When necessary, request the appropriate branch or department for additional information.
4.By assisting BSA Operations Manager, oversees the preparation, filing of SARs as determined, to FinCEN in a timely manner.
5.Train BSA Analyst I & II on due diligence procedures and the research.
6.Prepare, review and analyze High-Risk Transactions and Customers for enhanced due diligence and report suspicious transactions as required by the BSA / AML Laws.
7.Perform due diligence procedures for high risk accounts determined by BSA Officer and/or BSA Operations Manager.
8.Upload and review FinCEN 314 (a) list from FinCEN and prepare a report for submission to FinCEN if a match is found.
9.Run quarterly OFAC / SDN scan against Customer Information File and conduct review if there is true match in the list.
10. Assist BSA Officer/BSA Operations Manager preparing, logging and providing documents/materials for the requests from law enforcements.