Junior BSA Analyst Job at Maspeth Federal Savings & Loan Assn, Maspeth, NY

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  • Maspeth Federal Savings & Loan Assn
  • Maspeth, NY

Job Description

Job Description

Job Description

Jo b Description

The Junior Bank Secrecy Act Analyst works on a team that performs monitoring of daily BSA-related bank functions to ensure conformity and adherence with all applicable BSA/AML, USA Patriot Act, and OFAC related laws and regulations, performs a variety of routine daily tasks, prepares CTR reporting and correspondence, participates in special department projects, and assists the BSA Officer as needed. Responsibilities include assisting daily reviews of CTRs and preparing CTRs for e-filing, helping monitor customer transactions, and helping to resolve account activity alerts.

R eports To

  • BSA/AML Officer

P rimary Responsibilities

  • Support analysts in reviewing new account documentation to ensure the Bank follows BSA policy pertaining to CIP and KYC and that all new accounts are established following current procedures
  • Help with reviewing alerts generated by the AML monitoring system for compliance with BSA/AML regulations and reporting of accounts where potential suspicious/unusual activity has been noted
  • Assist with communication to branch personnel and management to obtain and validate client information
  • Provide support to department to perform OFAC alerts review that are generated by the internal system and guide MFS Branch network on potential OFAC hits
  • Assist in preparing Currency Transaction Reports (CTRs) for e-filing
  • Research to review and update Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
  • Assist with periodic reviews of high-risk accounts and customers (EDD Reviews)
  • Participate in department projects as needed
  • Any or all other duties as assigned

D esired Skills & Experience

  • BS/BA in Finance, Business, or related field
  • 1 to 2 years of work experience in BSA risk analysis or equivalent with related experience in other areas of banking and/or financial investigations preferred
  • Excellent organization and communication skills
  • Strong Internet research skills
  • Strong Microsoft Office skills
  • Sound analytical and problem-solving skills.
  • Ability to work independently and in a team setting.
  • Ability to maintain confidentiality of sensitive material.

Job Tags

Work experience placement, Work at office,

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