BSA Associate

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Full Time Clerical Headquarters, Albany, NY, US

Salary Range: $21.00 To $32.60 Hourly

POSITION:

BSA Associate

LOCATION:

REPORTS TO:

Financial Crimes Compliance Operations Officer

CLASSIFICATION:

Full Time, Non Exempt

PAY GRADE:

NE 35 ($21.00 – $32.60 per hour)

AVAILABILITY:

Monday-Friday 8:30am-5:00pm

Position Summary:

Responsible for supporting various tasks for the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), Office of Foreign Asset Control (OFAC), and Fraud spaces within Pioneer. The BSA Associate will assist with supporting department operations through the compilation and analysis of reports in line with department policy and BSA regulation, performing data validations, and communicating BSA related information across all business lines as applicable.

In addition, the individual will be responsible for performing transaction monitoring reviews, account monitoring of high-risk individuals, risk analysis of new to bank customers, and supporting the Financial Crimes Investigator(s) where necessary. Ultimately, ensuring compliance with the Bank Secrecy Act/Anti Money Laundering (BSA/AML) and related laws and regulation.

Key Responsibilities:

• Creates, reviews and analyzes various daily, weekly, monthly, quarterly and annual customer transaction reports for purposes of satisfying Bank Secrecy and Anti-Money Laundering regulatory requirements, including but not limited to the following:
• Daily Customer Due Diligence review and follow-up
• Daily Initial Risk Rating of New Accounts
• Monetary Instrument Reports
• NAICS Code assignment
• Daily BAM Audit Log Review and Validations
• BAM Software Updates
• Compliance with FFIEC Guidance
• Rules Based Risk Rating
• 314(a) Scan and Review
• Drawing On Today’s Deposit Report
• Employee Overdraft Report
• Daily Overdraft Logging
• Keyword list scan review
• CIP Reports
• Assist the Financial Crime Investigator(s) with the gathering of additional documentation for investigations, organizing case files, tracking of fraud through the Bank, and review of suspicious activity.
• Assists with compliance exams by gathering files, records, and other pertinent information for review by compliance examiners.
• Assists other Financial Crime Compliance employees in tasks necessary to perform the overall management of the Program.
• Reviews and responds to incoming BSA-related inquiries from all other business lines.
• Identifies potential fraud and assists in the investigation of fraud as needed.
• Applies customer tags in BSA BAM+ software for rules-based risk rating.
• Performs annual enhanced due diligence reviews for high-risk customers as needed.
• Maintains detailed documentation of all processes used to satisfy above activities.
• Uses independent judgment when reviewing and analyzing reports to determine when further investigation is warranted. Reports findings to BSA Officer for further action and direction.
• Identifies customer activity deemed suspicious or potentially fraudulent and assists Financial Crime Compliance Analysts and Investigators in preparing monthly reports for SAR Committee Review. Responsible for analyzing reports produced through BSA BAM+ software for further investigation and possible SAR filing as needed, including:
• Alerts generated by BAM+ Scenarios
• Prepare SARs for BSA Officer Approval

Education & Experience:

• High School Diploma required. Associate’s degree in Business, Finance, Criminal Justice or related field preferred.
• Minimum of 3 years banking experience preferred.
• Certified Anti-Money Laundering Specialists (CAMS) certification encouraged but not required.
• Knowledge of Banking Software…