JOB TITLE:BSA / AML Compliance Analyst

Entity: SCB-8100

Job Classification: Non-Exempt, Full-Time

Department:Compliance

Reports to: BSA/AML Compliance Manager

Education requirements: Associates Degree or an equivalent combination of education and banking related experience; Bachelor's Degree preferred.

The BSA/AML Compliance Analyst is responsible for assisting the BSA/AML Compliance Manager / Bank BSA Officer and the BSA / AML Compliance Officer with maintaining an effective Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA Patriot Act (CIP), and Office of Foreign Asset Control (OFAC) Compliance Programs (BSA Program). This includes monitoring the Company’s BSA Program to ensure compliance with Federal and State banking regulations and assist with developing and implementing the Company’s BSA Program. In addition, the BSA/AML Compliance Analyst is responsible for adhering to and complying with all Company policies and procedures and Federal and State banking laws.

Experience or Skill requirements:

• Associates degree or an equivalent combination of education and banking related experience.Bachelor's Degree preferred.
• Knowledge of banking systems, products, and banking regulations is a plus.
• Ability to follow instructions and work independently on multiple tasks in a deadline-driven, regulatory environment.
• Excellent research and computer skills.
• Experience with Microsoft Office.
• Strong organization skills, highly motivated, and detail oriented.
• Excellent writing and oral communication skills.
• Ability to retain a broad knowledge of tasks performed in compliance functions and applicable banking regulations.
• Analytical skills including the ability to take knowledge to identify suspicious activity.
• Ability to clearly document reviews, judgements, decisions, and conclusion on the activity reviewed.
• Must approach tasks in a way to adhere to assigned deadlines while working on multiple tasks.
• Maintain integrity, discretion, and respect for confidential information at all times.

Duties:

• Assists with the day-to-day operations of the Company’s BSA Program.
• Reviews cash transaction reports to determine if a Currency Transaction Report (CTR) is required to be filed and if a Monetary Instruments log needs to be completed.
• Completes the CTRs and Monetary Instruments Logs.
• Reviews CTRs completed by other BSA Compliance Analyst to ensure they are completed accurately and queue the CTRs for electronic filling.
• Reviews the system Nightly Data Upload report to ensure the data flowed to the Company’s BSA software program and report any issues noted to the BSA/AML Compliance Manager, BSA/AML Compliance Officer, or Director of Compliance.
• Reviews system alerts (CTRs, Potential CTRs, BSA/AML Alerts, Watch List Alerts, High Risk Segmentation Alerts, Wire Errors, etc.) that are generated to determine if activity is suspicious in nature or if reporting is required.
• Performs customer and account-level research on a wide variety of data in an effort to identify suspicious and/or illegal activity.
• Performs customer due diligence and enhanced due diligence reviews for customer who require the reviews.
• Documents the results of any research performed on a customer or account to support activity or decisions made regarding the customer.
• Reviews potential hits of various scans to determine if they are a true match to a suspect name.
• Assists the BSA/AML Compliance Manager and BSA/AML Compliance Officer with BSA Program related questions by researching questions and answering questions.
• Assists with updates and implementation of the BSA Program Policy, Procedures, and Processes.
• Assists and/or perform deposit related compliance reviews.
• Assists the BSA/AML Compliance Manager with state and federal regulator/auditor examinations and reviews relating to the Company’s BSA Program.
• Makes recommendations to the Director of Compliance and Bank BSA Officer when and where appropriate.
• Other compliance-related duties as assigned.

Relationships: The BSA/AML Compliance Analyst is responsible for assisting with maintaining an effective BSA Compliance Program for the Company. The BSA/AML Compliance Analyst will take directions from the BSA/AML Compliance Manager and work closing with the BSA/AML Compliance Officer to maintain the Company’s BSA Program. In addition, the BSA/AML Compliance Analyst works with all departments and all employees within the Company to ensure compliance with Company Compliance policies and procedures and applicable Federal and State banking laws and regulations.

Summit provides equal employment opportunities in all aspects of employment. All employment decisions are made without regard to race, color, religion, age, sex (including pregnancy, sexual orientation, or gender identity), national origin, disability status, genetics, protected veteran status, or any other characteristic protected by federal, state, or local laws.

Salary Information Hourly rate varies, based on experience.