Job Summary

BSA Analyst 2 is responsible for ensuring the Bank is in compliance with the Bank Secrecy Act regulation. Possess extensive knowledge on Bank Secrecy Act (BSA) Regulation, USA PATRIOT Act requirements and Office of Foreign Asset Control (OFAC) functions.

BSA Analyst 2 assists the Bank in detecting unusual or suspicious activity in a timely manner in an effort to safeguard the integrity of the Bank and ensure the Bank’s compliance with BSA/AML and OFAC regulations. The BSA Analyst 2 supports the AML processes which include submitting SARs to FinCEN upon approval from BSA management.

This position is responsible for alert monitoring, suspicious activity/case investigations and SAR reporting, daily audit log, daily data validation, customer due diligence and enhanced due diligence or other processes in an effort to prevent the Bank from being exploited by money laundering or terrorist financing activities. The monitoring is to follow Department Procedures and be in compliance with the FFIEC Bank Secrecy Act Anti-Money Laundering Examination Manual

Essential Duties

• File SARs electronically within required deadlines
• Review Alerts (triage)
• Case Reviews (SAR or No SAR decision making)
• SAR Review

o Write and file Suspicious Activity Reports (SARs) in accordance with regulations and time limitations

• Perform RBRR (Rules Based Risk Rating) Reviews –HHR
• Perform 90-Day SAR Reviews
• Perform CTR Exemption Reviews on an annual basis on HHR customers
• Perform Non Resident Alien Reviews on an annual basis on HHR
• Perform MSB, Private ATM and Third Party Payment Processor Reviews at least on an annual basis based on customers risk
• Perform Enhanced Due Diligence Reviews including 314(a) match reviews, 314(b) requests, criminal subpoena requests, high volume and complex customer relationship review
• Proficient knowledge of BSA/AML software in order to adequately detect, review and report suspicious activity
• Perform research and negative news research through our banking systems, online public database searches and subscription-based data based resources when reviewing a customer’s account activity.
• Review and investigate QARs submitted by Bank employees in a timely manner once they are moved into Alert or Case based on the severity of the QAR alert.
• AS400 OFAC Review
• Ability to analyze and research complex information in order to submit comprehensive recommendations regarding potential suspicious activity

Technical Duties

• Review of Daily Audit Log
• Perform daily Data Validation
• BSA Manager

o System Parameters

o VEGO Feed Management Parameters

 Import Research (Failures)

 Tran Code Management

• Assist with and/or manage System Upgrades
• Assist with MRMs
• Assist with RBRR

o Quarterly Review

o Annual Review

o Statistical Management Reports

o NAICS Analysis

• Daemon – efficiencies
• BAM Plus

o System Parameters

o Scenario Review

 Tuning

 Reporting

 Efficiency Tracking

o Assist with and/or manage upgrades

• Bankers Toolbox

o Ticket creation and or monitoring

• Review daily input of DDM module records

o Identify and tag high risk customers (customer risk rating)

o Send out e-mail notifications for incompleteness, clarifications, inaccuracies, etc.

o Perform customer due diligence reviews as applicable

• Monitor compliance with the Bank’s Customer Identification Program (CIP)
• Perform monthly/quarterly certifications
• Recommends enhancements and/or input regarding monitoring activities, procedural updates, revisions or creation of department desk procedures to BSA Management
• Assist Bank and branch staff on any BSA related questions or issues
• Performs a review of exempt customers on the daily structuring scenario as applicable
• Performs special projects and other related duties as assigned or requested

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned.

Non-essential Duties

• Perform periodic data integrity check on AML software
• Maintain adequate filing and tracking system for BSA documents
• Attend seminars to enhance knowledge in BSA/AML & OFAC
• OFAC Review

o Assist Branches and Departments with potential OFAC matches or Sanctions restrictions to ensure ongoing OFAC Compliance.

• Conduct SSN/TIN search via IRS website (not required, but preferred)

Required Knowledge

• Bank Secrecy Act
• OFAC
• USA Patriot Act
• Bank Protection Act ( Security)
• Privacy Laws
• Fair Credit Reporting Act
• Banking Operations
• Bankers Toolbox AML Monitoring (BAM, BAM+)

Basic Knowledge, Skills and Abilities

• Clear understanding of the English Language (Spoken & Written)
• Basic Mathematics Skills
• Customer Service Skills
• Telephone Skills
• Critical Thinking, Judgment & Problem Solving Skills
• Ability to actively listen & learn.
• Ability to respectfully communicate with supervisors and co-workers
• Ability to effectively deal with unpleasant, angry or discourteous people
• Proficient in Microsoft Excel, Word, Outlook.

Equipment Operated

• Telephones
• Desk Top Computers
• Standard Office Equipment (copiers, fax machines)

Physical Requirements & Work Environment

• Requires repetitive movement.
• Requires standing and/or sitting for prolong periods of time.
• Requires lifting up 10 lbs.
• Office setting w/controlled temperature

Education and Experience

• High School Diploma or equivalent required.
• 5+ years of banking experience with an emphasis in Operations.
• 3+ years of banking experience with BSA/AML.
• CAMS Certification required.

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.