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Analyst
Investors Bancorp
Iselin, NJ, United States
Job Details - this job has expired, please see similar jobs below
Job Description
The BSA Analyst is responsible, as assigned by Bank Secrecy Officer, for various operations including AML investigations, SAR filing, customer risk rating, high-risk customer surveillance, enhanced due diligence processes, special investigations, and OFAC compliance. The candidate will work as a subject matter expert supporting BSA team and all Bank lines of business to ensure compliance with Bank Secrecy Act Regulations, Anti-Money Laundering related regulations, Office of Foreign Assets Control Regulations, and USA PATRIOT Act Regulations.
RESPONSIBILITIES
• Review and investigate daily alerts through AML monitoring system. Research and make determination about disposition and further necessary action, through detailed investigation of individual transactions.
• Investigate suspected cases of activity related to money laundering, terrorist financing, tax evasion and prepare Suspicious Activity Reports (SARs) in accordance with FinCENs guidance.
• Navigate banking systems to obtain account statements, transaction histories, wire transfer details and check images related to each investigation.
• Interface with Branches and departments on Bank Secrecy Act issues.
• Perform periodic Enchance Due Diligence (EDD) reviews of Banks high-risk customers, 90-Day Reviews, and Branch Referrals.
• Monitor and review OFAC screen results in compliance with OFAC regulation and procedure.
• Perform other duties as may be assigned.
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Requirements
• Bachelor's degree or Equivalent Experience.
• At Least 2 Years Specialized knowledge of bank operations and AML/BSA regulations and methods, money laundering/terrorist financing and OFAC.
• Ability to maintain attention to detail and accuracy under pressure situations.
• Strong communication skills, both oral and written are required with the ability to command respect of co-workers at all levels.
• Must be proficient in Microsoft Word, Excel, BSA E-Filing and various core applications.
• Superior organizational and analytical skills. Team oriented and able to work independently
• FCRM platform experience preferred