• BSA and AML Analyst

    Job Location US-MA-Brockton
    Job ID
    2018-2332
    Position Type
    Full Time Non Exempt Full-Time
    Department
    BSA [006300]
  • Overview

    Under the supervision of the VP BSA Officer, this position is partially responsible for administering all aspects of the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC, Customer Due Diligence (CDD) and Customer Identification Programs (CIP).   As part of the AML team the BSA / AML Analyst is responsible for investigating and analyzing transaction data for potential money laundering schemes, check kitting, account fraud, cash structuring and other suspicious activities.


     

    Responsibilities


    • Evaluate and risk rate new business customers

    • Periodic review of new, high risk and MSB business accounts.

    • Prepare and review monetary instrument logs for potential structuring. 

    • Review monetary instrument log on a weekly basis to ensure cash transactions are processed correctly

    • Review of incoming and outgoing wire transactions to identify trends/patterns of money laundering

    • ACH Enhanced Due Diligence review performed to identify Money Service Businesses and ATM/Debit Card Processors.

    • Review FinCEN 314A list against negotiable instrument log and customer base to determine if bank has a relationship with individuals or entities.

    • Maintain a log of new accounts opened with cash and CTR reporting errors

    • Perform OFAC monetary instrument review to determine if the bank is issuing instruments to a potential terrorist.

    • Perform a due diligence review on remote deposit capture customers prior to onboarding as well as periodically.

    • Perform a due diligence review on privately owned ATM customer at account opening as well as periodically.

    • Review report of potential Non Resident Alien customers on a weekly basis as well as periodically.

    • Monitor and track new account information worksheets

    • Work with BSA Officer to review and resolve audit findings

    • Perform a quarterly audit of daily, weekly and monthly tasks to ensure departmental procedures are followed.

    • Implement departmental efficiencies when applicable

    • Research and resolve internal and external customer problems in a professional, accurate and timely manner.

    • Perform all duties professionally and with HarborOne policies and procedures.

    • Other duties as assigned


     

    Qualifications

    EDUCATION AND/OR EXPERIENCE


    At least 2 years of specialized experience in Retail Banking or Baking Operations with solid working knowledge of the basic principles of anti-money laundering regulations, and exposure to Bank Secrecy Act. Bachelor's degree in business, accounting, finance or related field preferred.


     


    OTHER SKILLS


    The individual must be able to work independently, have the ability to prioritize tasks and make independent decisions within authority.


     


    Maintain a thorough knowledge of the following systems:  Insight, Digital Archives, E-Vision, Identify, Verafin, Lexus Nexis, Word and Excel.  Maintain a good understanding of BSA regulations, CTR and SAR filing requirements.


     


    Ability to detect patterns, trends and unusual account activity by conducting extensive research while utilizing various banks’ and external sources.    


     


    Strong interpersonal skill and business writing skills.


     


    Advanced level in Word and Excel; ability to analyze and sort data in Excel


     


    LANGUAGE SKILLS


    Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.  Ability to write routine reports and correspondence.  Ability to speak effectively before groups of customers or employees of organization.


     


    MATHEMATICS SKILLS


    Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.  Ability to apply concepts of basic algebra.


     


    REASONING ABILITY


    Ability to detect patterns, trends and unusual account activity by conducting extensive research while utilizing various banks’ and external sources.   Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.


     


    Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


     


    While performing the duties of this job, the employee is frequently required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision and ability to adjust focus.


     


    The noise level in the work environment is usually moderate.


     


    HarborOne Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.


    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


     

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