The BSA Quality Assurance (“QA”) Analyst is responsible for performing the QA reviews on AML Transaction Monitoring (“TM”) alerts, case investigations, EDD reviews, and SARs. The QA Analyst identifies, documents, and reports findings to the BSA QA Manager to ensure compliance with the Bank’s established BSA/AML program. This position assists the QA Manager with the overall performance and maintenance of the BSA/AML Quality Assurance program to help drive compliance with BSA/AML policies, procedures, and guidelines.

RESPONSIBILITIES:

• Understand and ensure compliance with the execution of BSA/AML/OFAC policy and procedures.
• Perform QA reviews on Transaction Monitoring alerts, case investigations, EDD reviews and SARs within the BSA Department
• Review processes for BSA surveillance and BSA due diligence to evaluate the work product for quality, accuracy, and sound decision making
• Provide feedback and communicate effectively with peers and management on the results of QA reviews to help identify potential gaps and training opportunities
• Prepare assessments and identify trends on the results of QA testing to the BSA QA Manager
• Provide recommendations to BSA management to enhance BSA/AML/OFAC policy and procedures based on QA review assessments to improve quality and consistency.
• Adhere to all designated time frames, manage workflow to the specified deadlines and complete responsibilities in a satisfactory manner.
• Participate in meetings as appropriate to discuss patterns of errors and opportunities for enhancement recommendations
• Perform any other assignments as directed by BSA management to ensure department activities run smoothly and efficiently by providing leadership and training within the department.
• Must be able to perform all duties within their assigned group and provide guidance and help to other BSA Analyst as needed.
• Assume responsibility for the various department functions in the absence of staff members or during a declared natural disaster or pandemic
• Report any suspicious or unusual activity by customers or associates
• Complete the annual BSA/AML and Compliance training
• Other duties as assigned

PHYSICAL DEMANDS & WORK ENVIRONMENT:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to withstand moderate physical activity throughout the workday (standing, walking, reaching)
• Ability to sit for extended periods of time
• Ability to lift or move up to 25 pounds on occasion
• Ability to maintain attention and concentration for extended periods of time
• Ability to work overtime when required to meet deadlines

MINIMUM QUALIFICATIONS (EDUCATION, EXPERIENCE, & SKILLS):

• Minimum of three years BSA/AML-related banking experience
• Knowledge of BSA, AML, and OFAC, with the ability to apply and explain regulatory concepts
• Self- starter, capable of working under minimum supervision
• Multi-tasker and able to meet deadlines in a high-pressure environment
• Results oriented team player
• Strong problem-solving ability
• Exceptional research and analytical skills
• Strong interpersonal and verbal/written communication skills
• Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
• Strong documentation skills
• Adherence to controls and standards
• Knowledge of Verafin Software a plus
• CAMS certification a plus