What are the responsibilities and job description for the Senior BSA Analyst position at Bankers Trust Company?
There are important qualities you look for in an employer – meaningful work, community engagement, competitive benefits, commitment to employee development, and so many more. At Bankers Trust, our team members experience an inclusive and community-focused culture and we’re proud of the premier workplace we’ve created. We regularly receive best in class results through our biennial employee engagement survey. We’re also proud to receive recognition from others, including our designation as a “Best Place for Working Parents®,” being a four-time recipient of the Greater Des Moines Partnership’s Inclusion Award, and being named one of the “Best Businesses Supporting Local Charity” by readers of the Business Record.
Job Summary:
The Senior BSA Analyst develops, manages, monitors, and continuously improves the Bank’s AML, CFT, CIP, and OFAC Program in alignment with regulatory requirements and industry best practices. The Senior BSA Analyst also serves as the primary backup to the BSA Analyst(s) and BSA Officer.
Primary Functions and/or Responsibilities:
- Manages, monitors, and continuously improves the Bank’s AML, CFT, CIP, OFAC Program in a manner consistent with related rules and regulations, and industry best practices:
- Serves as enterprise resource on AML, CFT, CIP, OFAC
- Manages audit and exam preparation
- Manages the monitoring of high-risk customers such as, but not limited to, Cannabis-Related Businesses as well as other customers requiring on-site visits (e.g., Money Service Businesses (MSBs))
- Recommends customer account maintenance changes to BSA Officer
- Manages the completion of correspondent bank due diligence certifications
- Manages the review function for the AML, CFT, CIP, and OFAC Program, including the oversight for accurate and timely Suspicious Activity Reporting (SAR) filings and Currency Transaction Report (CTR) exemptions
- Oversees compliance with Section 314(a) and 314(b) of the USA Patriot Act
- Oversees and/or manages the administration, analysis, and tuning of department applications (e.g., Verafin)
- Creates and delivers periodic department specific BSA related training for employees
- Maintains relationships with industry peers and serves as an active member of peer groups in the industry and in our markets
- Performs BSA Analyst duties, when needed
- Performs other duties as assigned
Education and/or Experience:
- At least six years of banking experience required, with at least five years of experience or training in AML, CFT, and OFAC related regulations, processes and practices required
- Certified Anti-Money Laundering and Fraud Professional and/or Certified Anti-Money Laundering Specialist designations, credentials preferred
- Four-year college degree in a related field preferred OR an equivalent combination of education and experience
Specific Skills, Knowledge & Abilities:
- Ability to identify and implement practical solutions to complex business and regulatory problems
- Demonstrated flexibility and organizational skills to manage numerous and sometimes competing responsibilities of varying urgency and criticality within a fast-paced work environment
- Hardworking, responsive, and adaptable to what the situation dictates, including possessing the diligence to advance matters independently, combined with the strong interpersonal skills to work effectively in a diverse team
- Excellent business discernment and the ability to evaluate risk from a business perspective
- Ability to communicate complex matters with various individuals, including senior management
- Knowledge of Bank operations required
- Proficiency with IBS Insight, Evision, and Verafin preferred
- Advanced knowledge of the Bank Secrecy Act; USA PATRIOT Act
Hiring Salary Range
The hiring range below reflects targeted base salary. Actual compensation will be determined based on the candidate’s prior related experience & education and will be finalized at the time of offer. In addition to base salary, most positions are also eligible to participate in our annual bonus program. Select positions may also be eligible to earn incentives and/or commissions. Hiring Salary Range: $88,000 - $104,
Benefits
- Group Health, Dental, and Vision Insurance
- Generous Paid Time Off (PTO)
- Volunteer Time Off (VTO)
- 401(k) plan with lucrative company match
- Tuition assistance
- Company Paid Life Insurance
- Paid Parental Leave
- Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.
- Team Member Banking - a suite of products and services with special benefits for employees
Hybrid Eligibility: Position may be eligible for a hybrid work schedule (requiring some days in the office each week).
EQUAL OPPORTUNITY EMPLOYER
“PROTECTED VETERANS” AND “INDIVIDUAL WITH DISABILITY”
Salary : $88,000 - $104,000