BSA Analyst

BSA/AML Analyst I

Corporate

Title:

BSA/AML I Analyst (Exempt)
EEOC Class:
Professional

Carver Bancorp, Inc. (NASDAQ: CARV) the holding company for Carver Federal Savings Bank, is a federally chartered institution with approximately $610 million in assets and 125 employees. The Bank was chartered in 1948 to address the banking needs of middle income and underserved communities in New York City. Carver operates 8 full service branches in the New York City boroughs of Brooklyn, Queens and Manhattan.

The Bank provides commercial real estate and small business loans and a range of complementary bank products and services.

Assist the Bank Secrecy Act (“BSA”) Officer in maintaining Carver’s BSA, Anti-Money Laundering (“AML”) and Office of Foreign Assets Control (“OFAC”) compliance program.

• Review alerts generated by the monitoring system concerning customer transactions for unusual or suspicious activity and, when needed, prepare SAR drafts for approval and filing.
• Perform OFAC alerts review that are generated by the internal system; conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act.
• Periodically scan Carver’s customer database against the OFAC list by using Fiserv – Navigator.
• Review and investigate referrals received by the Bank departments.
• Support Carver branch network by guiding potential OFAC “hits.”
• Support branch function with regards to the review of the monetary instrument log.
• Review and prepare Currency Transaction Reports (“CTRs”).
• Conduct periodic reviews of high‑risk accounts and customers (EDD reviews).
• Assist the BSA/AML Officer for daily operations.
• Present or assist in presenting BSA and OFAC training materials to other Bank employees, such as New Hire Orientation.
• Prepare specialized reports using Microsoft Excel and the BSA Department Software, known as Fiserv‑Navigator.

• Be familiar with “Red Flags” for identifying unusual or suspicious activity. Ongoing training is provided to ensure updated knowledge of money laundering and terrorist financing typologies.
• Utilize internal and external resources to research the customer and account action under review to arrive at a preliminary determination on the nature of the activity. Internal resources include Carver’s databases, such as our check imaging system, and external resources including internet searches such as Google.
• Be able to interact with management with ease.
• Be comfortable at giving presentations.
• Have knowledge of banking such as KYC for consumer and business banking customers.
• Maintain knowledge of new laws and regulations related to BSA/AML, and OFAC promulgated by the Federal Authorities.

• Excellent writing and verbal communication skills.
• Good organizational and time‑management skills.
• Interest, motivation, and commitment to the subject matter.

• Use BSA Department system (Fiserv – AML Manager).
• Use Microsoft Word and Excel.
• Research checks and deposited items using Fiserv – Navigator.
• Research wires.
• Conduct internet research.
• Take and save screenshots.
• Navigate a hard drive.
• Working knowledge of the principles and procedures related to AML, BSA, OFAC regulations and the USA Patriot Act requirements. ACAMS certification a plus.
• Ability to read, analyze and interpret regulatory requirements.
• Must be self‑motivated and able to function with minimal supervision, and flexible enough to work within a team environment or independently as required.
• Ability to define problems, collect data, establish facts, and individually draw valid conclusions.
• Detail‑oriented with strong technical and analytical skills, and an ability to multi‑task and handle deadlines.
• Minimum of three years of experience working in Compliance, Banking or Financial Services.