BSA Analyst I

POSITION SUMMARY

Under general direction, this individual contributor ensures compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA PATRIOT Act, Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements, Office of Foreign Asset Control (OFAC) regulations, Customer Identification Program (CIP) requirements and The Provident Bank's policies and procedures (hereafter referred to as the "BSA Program"). A certain degree of creativity, diplomacy and latitude is required.

MAJOR JOB RESPONSIBILITIES

Contributes to monitoring programs designed to detect suspicious transactions, fraud, and other possible violations of laws, regulations, policies, and/or procedures. Identifies and investigates possible suspicious activity by reviewing alerts, account transactions and customer identification information. Conducts a thorough analysis of the collected data documenting the investigation results and providing initial recommendations with supporting conclusion to BSA Management, all within a timely manner. Makes recommendations for possible account closures and/or restrictions based upon investigation results.

Performs reviews of new business account documents as well as reviews Customer Due Diligence forms for adherence to established CDD procedures and to further identify any business account opening that may be in violation of the Bank’s BSA Policy. Reviews information gathered on CDD documents to ensure the appropriate risk rating has been applied to the account relationship and identify customers that may require Enhanced Due Diligence. Notifies appropriate business lines of incomplete or insufficient CDD information that requires timely actions.

• Assists in preparation of reports to keep management informed of the compliance.
• Department's activities and status of suspicious activity investigations.
• Keeps informed of laws, regulations, and current practices pertaining to the Bank Secrecy
• Act and Anti-Money Laundering regulations.
• Performs related duties as required.

SUPERVISORY RESPONSIBILITIES

None

SKILLS AND TRAINING

• Knowledge of the BSA, AML, USA PATRIOT Act, KYC, and OFAC regulations.
• Knowledge of databases and websites used in the investigations of suspicious activity, including money laundering and terrorist financing.
• Knowledge of bank and branch operations.
• Good personal computer skills and proficient in using software commonly employed in an office environment.
• Excellent written and oral communications skills.
• Ability to analyze business situations, identify problems or concerns, determine applicable.
• scenarios and choose the appropriate solution to the problem.
Interfaces with other Bank personnel to obtain customer information for use in suspicious activity investigations.
• 
  EDUCATION

• High School Diploma required, associate degree – preferred.

  
  WORK EXPERIENCE

  1 to 3 years

  
  LICENSES AND/OR CERTIFICATES

  none

  
  Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
  We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.