BSA Compliance Analyst at Oregon Coast Bank

Newport, Oregon, United States -

Full Time

Start Date

Immediate

Expiry Date

15 Jan, 26

Salary

0.0

Posted On

18 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

BSA, Compliance, Regulatory Research, Process Changes, Job Aids, Training Preparation, Audit Review, Policy Review, Self-Assessments, Investigations, Risk Assessments, Customer Monitoring, Wire Transfer Reviews, Problem-Solving, Data Analysis, Time Management

Industry

Banking

Description

Description The BSA Analyst ensures the bank is in compliance with BSA and various banking regulations (state and federal). They monitor account activity to detect fraud, money laundering and terrorist financing. Requirements The essential functions include, but are not limited to the following: BSA Tracking Proposed Rules, Reviewing Relevant Compliance News and Conducting Regulatory Research Planning/Document Review for Rule Changes/Internal Changes Implementation of Process Changes due to Rule Changes/New Rules/Internal Changes Creation/ Implementation/Maintenance of Job Aids Preparation, Presentation and Tracking of Training (General Staff and Directors) Answer Compliance/BSA Questions from Co-workers Attend Meetings Reviewing Audit and Exam Reports Policy & Procedures Review/Revise/Create Reading Information on DCI Updates Internal Compliance Reviews (Self-Assessments) Audit Preparation Exam Preparation Attending training Suspicious activity investigations BSA/AML/OFAC Risk Assessments Preparation Prepare, Review and File CTRs and SARs New Account QC reviews Update and Maintain Daily Cash spreadsheet Oversight of Daily Reports and Monitoring - Including but not Limited to Daily Cash Transactions/Large Transactions/OFAC/314a/IAT Transactions/Kiting/New Account Risk Rating/Wire Logs Research and Prepare High Risk Customer CDD/EDD Monitoring Reviews Conduct 314(a) Reviews Law Enforcement Liaison Conduct Wire Transfer Reviews Perform BAM+ Daily validations Clear BAM+ Daily Alerts or Refer to Case and/or SAR Troubleshoot issues with BAM+ and work with Abrigo and/or DCI to find solutions Minimum Qualifications (Knowledge, Skills, and Abilities) High school diploma or equivalent and on-the-job training Banking background of 3 to 5 years with experience in basic deposit functions and strong knowledge of loan processing is preferred, but on the job training may be provided to the right candidate. Computer proficiency at a mid to expert level in Microsoft Office programs, expert level in Excel and Word Excellent verbal and written communication skills Self-motivated with a high level of problem-solving skills Ability to dissect and analyze complex data Ability to determine the cause and offer solutions when compliance issues are uncovered through regular monitoring. Ability to work with a team Excellent time management skills and the ability to complete tasks independently and meet deadlines Ability to switch from one task to another on short notice Excellent organizational skills Ability to quickly learn how to utilize software provided by 3rd party vendors

Responsibilities

The BSA Compliance Analyst ensures the bank complies with BSA and various banking regulations by monitoring account activity to detect fraud, money laundering, and terrorist financing. They are responsible for preparing and filing CTRs and SARs, conducting investigations, and implementing process changes due to regulatory updates.