Description

JOB DESCRIPTION

BSA ANALYST

I - JOB SUMMARY:

Responsible for the review and monitoring of customer accounts and transactions for suspicious activity. Responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal activity.

II - JOB DUTIES:

1. Assist BSA Officer in enforcing the BSA policy, including but not limited to Customer Identification Program (CIP), Customer Due Diligence (CDD), Account Due Diligence (ADD), Enhanced Account Due Diligence (EDD) Anti-Money Laundering (AML).
2. Monitor Traditional and Specialty Banking accounts.
3. Monitor and assist the BSA Team Lead in coordinating SAR filings.
4. Notify the BSA Team Lead when suspicious activity is discovered and assist in necessary research.
5. Proficient with Shield Compliance and AML Software
6. Assist BSA Officer and Team Lead in developing procedures for any new product or service to ensure compliance with Customer Identification Program (CIP)
7. Review routine reports to help identify suspicious activity.
8. Assist in staff training for BSA/AML.
9. Participate in training to further knowledge and personal development.
10. Make immediate inspection, documentation, and necessary reporting of possible irregularities in the affairs of the bank, as soon as they are discovered.
11. May be responsible to file required CTRs within 15 days after the day of the transaction
12. May be responsible to maintained of all CTRs returned by IRS for incompleteness along with evidence of the corrections made and submission to the IRS – 5 year retention.
13. Assist with reviews and verifies that Phase II Exemptions are being monitored for suspicious activity.
14. Assist BSA Officer or BSA Team Lead in facilitating outside audits, such as Bank Examiners and CPA firms.
15. Keep abreast of regulatory BSA changes and disseminates information on regulatory changes to BSA Officer or BSA Team Lead.
16. Participate in the bank’s Compliance Committee.
17. Attend seminars and classes when necessary to update knowledge of BSA, Specialty Banking deposit compliance, banking, etc.
18. Complies with all bank regulations including BSA.
19. Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
20. Other duties as assigned as a member of the BSA team.

III. JOB SPECIFICATIONS:

Education:

• High School Diploma or equivalent
• College degree or experience equivalent preferred

Skills:

• Exhibits sound and accurate judgment; supports and explains reasoning for decision; makes timely decisions
• Manage time to effectively focus on deadlines and prioritization
• Highly adaptable, positive, resilient, and open to new ideas. Able to effectively prioritize multiple concurrent projects
• Analytical and investigation ability to conduct research, brainstorm creative solutions
• Ability to communicate effectively, in person and in writing.
• Possess the ability to work independently, without direct supervision and in a collaborative environment, while providing positive support to others
• Good math aptitude, with mathematical reasoning
• Maintains confidentiality, sensitive to confidential materials and matters

Experience:

• Two years of similar or related experience in banking
• Previous experience in BSA, accounting or audit work preferred

IV. ESSENTIAL FUNCTIONS:

• Some mobility
• Use of hands
• Vision
• Some form of communication

V. ACCURACY AND ACCOUNTABILITY:

• Measured by the completeness and accuracy of work performed

• Ability to meet strict deadlines

VI. SUPERVISED BY:

BSA Officer

VII. SUPERVISES:

 None

Qualifications

Dart Bank has an immediate opening for a BSA Analyst. Dart Bank is a community bank, serving our community since 1925. We specialize in providing financial services, but we are passionate about serving the community and building real relationships with people. Dart Bank provides innovative financial services for both personal and business banking, consumer and mortgage loans, commercial loans and lines of credit, merchant credit card processing, investment services and more. Our array of products and services and our longstanding history within our communities shows we care about what matters most for our customers and we are there for them for the most important times in their lives. Dart Bank. For What Matters Most.

We offer:

• Medical Benefits
• Dental
• Vision
• 401(K) Employee Stock Ownership Plan
• Paid vacation & sick time
• Flexible scheduling
• Employee Assistance Program
• Dart Bank University

At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we deliver exceptional customer service. We are a local business that cares about our employees and our community.

Dart Bank is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment.

All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws. The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law (individually and collectively, “Protected Class”).