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Summary
This position is responsible for reviewing Yellow Hammer BSA identified suspects on a daily basis. Assists the BSA/OFAC Officer with the implementation and administration of the Bank Secrecy Act’s FinCen 314 (a) requests, and OFAC Compliance.Â
Essential Functions
Analyst Responsibilities:
- Reviews Yellow Hammer Cash Work Lists, Specialized Work Lists, and High Risk Customer Work Lists on a daily basis
- Investigate potentially suspicious activity
- Investigate potentially high risk customers
- Compile evidence and documentation in compliance with the bank’s BSA/AML policy, procedures and regulatory requirements
- Perform periodic file reviews (including review of complex relationships) ensuring activities are reviewed across the spectrum of products and services used by the customer
FinCen 314 (a) Requests:
- Assists the BSA/OFAC Officer with the management of all programs and systems utilized by the bank to research 314(a) requests
- Responsible for retrieving 314(a) case information when posted to the secure information sharing system
- Upload of 314 (a) requests into the Yellow Hammer BSA SoftwareÂ
- Researches active and closed accounts against FinCen 314(a) requests; researches active and monetary logs against FinCen 314(a) requests
- Distributes FinCEN 314(a) requests to various departments; must ensure departments research and return request within a given amount of time
- Responsible for notifying FinCen and appropriate personnel of any positive matches found
OFAC:
- Assist the BSA/OFAC Officer in the developing, maintaining and implementation of policy and regulatory procedures related to OFAC compliance bank wide
- Conducts independent monitoring and testing of bank systems, and third party vendors for compliance procedures and processes
- Monitor daily reports of OFAC activity within JHA products used by the bank to ensure compliance Communicate with branches and other departments personnel on issues related to OFAC compliance
- Working with other departments and control functions to ensure new rules are appropriately implemented and monitored
Political Exposed Persons
- Manages PEP updates to ensure compliance with BSA’s Customer Due Diligence program to include all programs and systems utilized by the bank
- Conducts Batch file processesÂ
CSI WatchDog PRO – OFAC/PEP SoftwareÂ
- Knowledge and administration of software used by bank personnelÂ
Additional Responsibilities
- Provides support to special projects as needed
- Assist BSA Officer with bank-wide BSA Training
- Other department duties as assigned
Required Education, Experience, Skills
- Minimum one year bank operations experience.
- Knowledgeable of BSA (Bank Secrecy Act)
- Knowledgeable of bank teller operations preferred.
- Strong analytical skills.
- Strong math skills and familiarity with basic accounting.
- Strong communication and writing skills.
- Proficient with Microsoft Office, to include Word and Excel
Equipment Used
- Standard office equipment such as computers, phones and photocopiers
Supervisory Responsibility
- N/A
Working Conditions/Physical Requirements
- Office setting
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WestStar is an Equal Opportunity Employer and does not discriminate on the basis of any protected trait, including gender, race, ethnicity, disability, or veteran status.
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