BSA Analyst

at  First Fidelity Bank

SUMMARY

Utilizes analytical skills and seasoned judgement to create an environment that balances risk-based compliance with all facets of the Bank Secrecy Act (BSA) Program and minimization of fraud loss exposure, all while developing and maintaining outstanding enterprise-wide client services and minimizing customer impact. This individual will perform comprehensive analytical reviews of multiple suspect transactions in both the high volume BSA and the Fraud areas.

EXPERIENCE REQUIREMENTS:

• One (1) to three (3) years of experience demonstrating a high level of analytical skill and/or seasoned judgement preferred.
• One (1) year of progressive Banking experience demonstrating thorough knowledge of financial transactions and exposure to the Bank Secrecy Act, Bank deposit operations and fraud mitigation required.
• General knowledge of retail service areas, Bank products and Banking systems required.

EDUCATION REQUIREMENTS:

• High school degree required. Associate or bachelors degree in related field preferred.
• BSA applicable certification preferred.

OTHER REQUIREMENTS (SKILLS, ABILITIES, CHARACTERISTICS):

• Challenge driven and goal oriented.
• Good interpersonal skills necessary to interact effectively at all levels of the organization, including Bank staff, management, directors, and regulatory examiners.
• Solid time management, problem solving and organizational skills with the ability to self-motivate, self-manage, and prioritize multiple tasks to meet prescribed deadlines. Ability to work both independently (with little to no supervision or interaction with other employees) and/or as a member of a team.
• Strong analytical, organizational, decision making and problem-solving/critical thinking skills. Must be detail oriented with ability to work accurately resulting in extremely low error ratios.
• Consistent support and consideration to customer (internal and external) impact as driven by the Banks culture.
• Other general skills including excellent PC and both verbal and written skills. Technical writing experience preferred.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

• Primary detection and investigation of BSA risk exposure through comprehensive in-depth research and analysis of high-volume suspect transactions as generated by the Banks BSA transaction monitoring systems and additional analysis and reviews of suspicious activity as noted through other identification channels.
• Some early detection, prevention, and accountability for minimization of future losses through in-depth analysis and review of high-volume suspect transactions as generated by the Banks fraud transaction monitoring systems, as well as comprehensive analysis and review of activity reported by other departments.
• Completion of intricate documentation models and time sensitive reports within compliance and accuracy thresholds, as well as the seamless use of seasoned judgment and logical reasoning to determine and apply appropriate actions that mitigate the Banks BSA and fraud exposure.
• Works directly with other colleagues from other departments in the resolution of BSA and fraud cases, including providing general step by step knowledge, re-occurring comprehensive support, positive feedback, timely consultation on alternatives and follow up on results of case conclusions.
• Recommends process and procedure changes and manages various projects designed to enhance the Banks BSA programs.
• Effective with outbound and inbound communication with regards to contact from financial institutions, law enforcement agencies, and Bank personnel to fully investigate and obtain pertinent information regarding specific fraud and BSA cases.
• Validates and manages the compilation of BSA and fraud metrics for presentation to Bank management.
• Other duties as assigned by the BSA Fraud Manager. Regular and reliable attendance is a requirement of the job.