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Job title:		Bank Secrecy Act (BSA) Analyst

Job location:		Fairfield, CT 06824 United States

Requisition code:		BSA - LK

Date posted:		06/23/10

Job type:		Full-Time

Compensation:		Medical, Dental, STD, LTD and Life Insurances; vacation, sick, personal, and paid bank holidays Employee & mortgage referral programs

Residency:		Only current U.S. residents will be considered

Job Classification


Job Category:		Compliance/Regulatory
Location:		Connecticut

Job Description

Job description:

Connecticut Community Bank, N.A.
Strengthening Communities. Enriching Lives™

In 1998, we opened The Greenwich Bank & Trust Company and Westport National Bank to fulfill an untapped need within our communities and become the premier banks in Southern Fairfield County. Both communities embraced our banking philosophy and approach so much that we decided to pool together the resources of each bank. This vision created Connecticut Community Bank, N.A. in December 2003. All of the advantages you have come to expect from banking with your local hometown bank remain in place, including its management, locations, friendly staff and responsive service.

Our BSA Analyst works with our BSA Officer to administer the BSA/Anti-Money Laundering Program and related procedures in accordance with Bank’s policies, procedures and applicable federal regulations.

ESSENTIAL FUNCTIONS:
• Review documentation for all new commercial accounts and risk rate accounts per the Bank’s risk rating criteria.
• Review and validate risk ratings for all new personal accounts using the AML system risk rating module.
• For new customers identified as high risk and medium risk establish enhanced due diligence and monitoring efforts.
• Identify high risk accounts from information received from other sources (Branch, Loan and Operations staff, legal service of process, Suspicious Activity Referral Forms, and media reports) and establish enhanced due diligence and monitoring efforts.
• Perform independent analysis for cases involving suspicious activity including, but not limited to, structuring, check fraud, and kiting for presentation to the BSA Officer.
• As scheduled, perform analysis of core application and AML system reports that identify potential suspicious activity including case management.
• Manage cases of potentially suspicious activity from the AML monitoring system, including analysis of transaction activity and balances for review by the BSA Officer.
• Perform ongoing monitoring, as required, of all high risk and medium risk accounts in accordance with the established monitoring schedule.
• Reconcile all customers and accounts identified as high risk or medium risk to system reports.
• Perform a monthly review of all new accounts, using system reports, to ensure that all new accounts have been appropriately risk rated.
• Document suspicious activity reviews for presentment to the Suspicious Activity Report Committee, as needed.
• Perform review of the Bank’s CIF and other lists for compliance with FinCEN 314a requests.
• Provide recommendations for periodic BSA training to address areas of weakness noted in branch/lending
procedures in support of annual BSA program training.
• Stay current with changes in BSA regulations and develop related procedures or revisions to the BSA Program with the BSA Officer.

Job Requirements

Education, training, experience:

KNOWLEDGE, SKILLS AND ABILITIES:
• High degree of accuracy and attention to detail
• Strong analytical skills
• Ability to multi-task and work in high volume environment
• Good communication skills, written and verbal
• Organizational and time management skills
• Ability to work well independently and with others
• Basic knowledge of Bank services and products

TRAINING AND EXPERIENCE:
• Bachelor’s Degree or equivalent work experience
• Minimum of three years banking experience including branch/platform experience and knowledge of
Bank Secrecy Act regulatory requirements
• Proficiency with Windows and Excel

Job (this posting is now closed/inactive)

General Information

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Job Description

Job Requirements