BSA Analyst at WESTAMERICA BANK

Fairfield, California, United States -

Full Time

Start Date

Immediate

Expiry Date

27 Aug, 26

Salary

23.0

Posted On

29 May, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Bank Secrecy Act, Anti-Money Laundering, OFAC Regulations, Suspicious Activity Reporting, Enhanced Due Diligence, Know Your Customer, Customer Due Diligence, Currency Transaction Reports, Microsoft Word, Microsoft Excel, Microsoft Access, Analytical Skills, Written Communication, Verbal Communication, Research, Investigative Skills

Industry

Banking

Description

Description Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee. Under general supervision: Maintains knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations. Under management guidance, performs reviews of various reports and transaction data and analyses activity to determine if transactions are suspicious in nature. Weekly Working Hours: 40 Essential Functions: Under guidance reviews system generated alerts for customer transactions in order to identify suspicious activity related to Anti-money laundering, fraud or terrorist financing activities. Recommends when to file Suspicious Activity Reports. Conducts investigations and enhanced due diligence reviews of various customer types and industries. Conducts Know Your Customer / Customer Due Diligence / Enhanced Due Diligence reviews on new customers. Conducts the less complex investigations of transactions processed though the bank’s Merchant Processing Center. Reviews and files Currency Transaction Reports submitted by branches within the required regulatory imposed timeframes. Clears Office of Foreign Assets Control (OFAC) and other watch list alerts. Reviews MISL Reports. Participates in training seminars and webinars. Provides accurate and timely responses to questions from branches and departments regarding BSA policies using sound judgment, ensuring regulatory compliance, no legal impact and satisfactory audits. EOE Westamerica Bank's Privacy Policy may be found at: www.westamerica.com/about/privacy Requirements MINIMUM KNOWLEDGE, PRIOR WORK EXPERIENCE, AND SKILLS NEEDED TO PERFORM JOB FUNCTIONS : Two years branch banking experience where incumbent has gained strong working knowledge of branch operations, policy and procedure as well as prior work exposure to BSA/AML regulations preferred. Proficient in Microsoft Word, Excel and Access computer software. Excellent analytical, communication (written and verbal), research, investigative and organization skills are required.

Responsibilities

The analyst monitors transaction data and system alerts to identify suspicious activity related to money laundering, fraud, or terrorist financing. They are responsible for filing regulatory reports and conducting due diligence reviews on new and existing customers.