BSA/AML Compliance and Risk Analyst

Job Description

Job Description

The BSA Compliance Analyst provides support to the Bank Secrecy Act (BSA) Officer to ensure regulatory compliance with the Bank Secrecy Act/Anti-Money Laundering/OFAC rules and regulations and the bank’s BSA Program. To assist the BSA Officer in developing systems and procedures in order to ensure the operating success and effectiveness of our BSA approach. Regularly monitors deposit accounts and loans for compliance.

Essential Duties and Responsibilities

· Maintain a comprehensive knowledge and a library of resources of all Bank Secrecy Act (BSA) laws and regulations

· With guidance from the BSA Officer, assist in the monitoring and testing of compliance with various regulations and rules as assigned

· Perform and document due diligence and ongoing monitoring of deposit accounts and loans for compliance with the bank’s BSA Program

· Responsible for the identification and tracking of suspicious activity through the generation and review of various reports of daily transactions for signs of any unusual or out of the ordinary customer activity

· Responsible for adequately investigating and documenting suspicious activity for consideration by the BSA Officer for reporting a SAR on the activity

· Support the accurate completion and timely filing of CTRs

· Support the Bank’s fraud prevention program and report suspected or known fraud and ethical issues, always performing in an ethical manner to protect the bank and employees from loss and reputational damages.

· Provides support and assistance to the BSA Officer during an examination/audit from the federal regulators and internal/external auditors

· Work closely with business units, in a manner that promotes teamwork and professionalism, to provide recommendations and support, and to ensure business practices are appropriate and in compliance with internal policies

· Represent Florida Capital Bank as a respected business professional

· Comply with all FLCB policies and procedures including BSA and Regulatory requirements and complete all required training

Performs other duties as assigned, including special projects.

Qualifications/Required Skills:

• Minimum 3 years of BSA Analyst working experience

· Knowledge of banking regulatory agencies (FDIC, FFIEC, OCC) and overall bank regulatory governance related to deposit account activities

• Must have working knowledge of banking operations, its products, services, and understand its organizational structure
• Must have working knowledge of teller functions, transactions and processes

· Must have excellent research skills with the ability to design and conduct a systematic, objective, and critical investigation

· Must have the ability to maintain independence or autonomy similar to that of an auditor

· Must have strong organizational and planning skills with the ability to recover from and adjust to change, multitask issues and projects while maintaining composure when working under pressure or stress.

· Must possess verbal/written communication skills able to communicate tactfully with all levels of bank personnel showing consideration to support and provide solutions in dealing with team members

· Proficient knowledge of Microsoft Office products, anti-money laundering alert software and banking institution core systems

· Must represent the Bank with a high level of integrity while supporting management decisions and goals in a professional manner.

· Must be self-motivated with a proven ability to reach goals or performance tasks with little supervision or direction

Desired Skills:

· Professional compliance related designation, or the desire to obtain designation

· 5+ years BSA Analyst experience

· Experience monitoring Fintech businesses and Banking as a Service providers

Language Ability:

Ability to read and interpret complex documents and explain concepts to others for comprehension.

Math Ability:

Ability to calculate figures and amounts such as discounts, interest, commissions, percentages, volume.

Reasoning Ability:

Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to define problems, collect data, establish facts, and draw valid conclusions.

Computer Skills:

Requires strong knowledge of Microsoft Office programs, anti-money laundering alert software, and core bank systems

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

While performing the duties of this job, the employee is regularly required to talk and hear. The employee is frequently required to sit; use hands and reach with hands and arms. Specific vision abilities required by this job include close vision and distance vision.

Company DescriptionAt Florida Capital Bank, we believe in people, our customers, our communities, and our employees. This position may be hybrid or remote.

Company Description

At Florida Capital Bank, we believe in people, our customers, our communities, and our employees. This position may be hybrid or remote.