Middlesex Savings Bank

Bank Secrecy Act Analyst II

US-MA-Westborough
2 weeks ago
Req #
3510
Category
Risk Management - BSA
Position Type
Full Time
Standard Working Hours
Monday to Friday 8:30am to 5:00pm

Overview

Identify customer-related trends, patterns, typologies and issues associated with money laundering, terrorist financing and other suspicious transactions. Ensure that all transactions/customers deemed suspicious are referred to the BSA Officer in a timely manner and in accordance with Bank policies and procedures. Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.

Responsibilities

  • Monitor customer accounts for suspicious activity
  • Analyze transaction history and identify unusual activity
  • Research and evaluate unusual activity using both internal and external resources
  • Document all research and conclusions
  • Recommend accounts to the BSA Officer for Suspicious Activity Reporting
  • Conduct enhanced due diligence on high-risk customers and recommend changes to risk ratings when warranted
  • Proactively seek out unidentified high-risk customers using various reporting tools
  • Prepare and maintain documentation necessary to fulfill regulatory and third party audit requirements
  • Back up duties and resource for the BSA  staff
  • Interacts with BSA system vendor to resolve system issues
  • Participates in BSA or IT projects as assigned
  • Communicates or presents BSA AML information and topics to  various Bank departmentsAssists in audit preparation and resolution duties
  • Participates in reporting related to currency transaction reporting, suspicious activity reporting and other regulatory reports as required.
  • Must be willing to complete BSA AML and fraud related certifications and continuing education.
  • May be required to travel to designated high risk customer sites within the Bank’s footprint to observe presence of ATM machines, lottery sales and money transfer services.
  • Serves as primary employee contact for support and questions related to regulatory requirements surrounding customer due diligence.
  • Performs all duties in accordance with prescribed security and regulatory guidelines.  Complies with all Bank policies including those pertaining to confidentiality, email, and business attire.
  • Performs related and unrelated duties as may be required.
  • Performs work independently within scope of established guidelines and practices.  Consults with Manager where clarification or exception to Bank policy may be required.

Requirements

  • BA or BS degree preferably in finance, accounting or related discipline, or equivalent work experience
  • A minimum of 4-6 years BSA/AML experience, or equivalent banking experience
  • Experience using dynamic BSA/AML or fraud monitoring systems preferred
  • Must have at least basic knowledge in all areas of the BSA/AML and regulatory requirements 
  • Must possess excellent communication, writing and presentation skills
  • Self-motivated with solid analytical and investigative skills
  • Must possess at least intermediate technology skills, including fluency in Word, Excel and Outlook applications

Middlesex Savings Bank is an EOE AA M/F/Vet/Disability employer

Search Firm Representatives, Please Read Carefully: Middlesex Savings Bank does not accept unsolicited resumes from search firms for this or any employment opportunity

 

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