BSA/AML Analyst

BSA/AML Analyst Start a career with First National Bank Alaska, the •Best Place to Work in Alaska• as recognized 10 years in a row by Alaska Business magazine readers. Our Bank Secrecy Act/Anti-Money Laundering program team is hiring! We monitor account activity reports and system alerts for potentially suspicious activity; and research account activity, document findings, and determine whether a Suspicious Activity Report (SAR) should be filed in compliance with BSA and supporting regulations to include

OFAC, USA

Patriot Act, and Customer Identification requirements.

Salary:

$25.42/hour minimum. Job/salary offer would be commensurate with experience.

Schedule:

Monday-Friday, 7:00am - 4:00pm Worksite location: Anchorage, Alaska

GENERAL PURPOSE SUMMARY

Fulfills regulatory requirements relating to suspicious activity reporting in support of the bank's Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Program by monitoring account activity reports and system alerts for potentially suspicious activity; and researches account activity, documents findings, and determines whether a Suspicious Activity Report (SAR) should be filed in compliance with BSA and supporting regulations to include

OFAC, USA

Patriot Act, and Customer Identification requirements by performing the following essential duties and responsibilities:

ESSENTIAL DUTIES AND RESPONSIBILITIES

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Monitors accounts to satisfy investigating, evaluating, and risk assessment procedures set forth by the bank; monitors medium- and high-risk accounts for potential suspicious activity by reviewing the previous/existing SAR filings, investigating account activity, reviewing an entire customer relationship, and comparing it to appropriate trends. Performs Customer Due Diligence (CDD), including review of anticipated vs actual activity, while maintaining an understanding to evaluate industry specific transaction expectations. Reviews transaction data to identify unusual or suspicious activity and/or significant changes in account activity. Documents investigation details in the bank's automated suspicious activity platform; determines whether a SAR should be filed and recommends further coding of account to establish appropriate monitoring and reporting. Maintains well organized electronic and/or physical records of written reports and completed reviews in centralized location, to include any and all supporting documents used in the determination of whether or not to file a SAR. Investigates potential suspicious activity alerts identified by the bank's automated suspicious activity platform and reports; and determines whether the activity is suspicious by identifying and documenting the bank's relationship with the account holder and gathering additional information from various sources within the bank as appropriate. Prepares SARs to be filed with Financial Crimes Enforcement Network (FINCEN), and reviews all information to ensure accuracy and completeness before inputting the data into the bank's suspicious activity monitoring platform and submitting to supervisor for review. Documents findings of all investigations not resulting in a SAR filing. Within the required regulatory imposed timeframes, reviews customer information and transactional data input by branch staff for currency transaction reports (CTR's). Identifies errors within the CTR processing workflow and makes recommendations on remedial training for branches when repetitive errors occur. Monitors government and industry resources, and participates in internal and external training to keep current on regulatory changes and financial crimes trends. Performs other work-related duties as assigned by supervisor.

COMPLIANCE EXPECTATIONS

Stay updated on relevant laws and regulations and complete all compliance training on time. Be knowledgeable of and comply with bank policies, procedures, laws, and regulations that apply to you and your job. Maintain customer confidence and protect the bank's operations by identifying and protecting confidential information.

QUALIFICATION REQUIREMENTS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. EDUCATION and/or

EXPERIENCE

Minimum:

Four years' progressively responsible experience in banking, business, or related field, including one year compliance or regulatory-related experience; or Bachelor's degree in business-related field and two years' progressively responsible experience in banking, business, or related field, including one year compliance or regulatory-related experience; or equivalent combination of education/training and experience.

Preferred:

One year BSA experience. Knowledge of anti-money laundering regulations. OTHER SKILLS and

ABILITIES

Keyboarding 35 wpm, operating 10-key by sight, Outlook, word processing, and spreadsheet experience required. Database experience preferred. Ability to handle confidential information on a daily basis required.

LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from managers, customers, and the general public.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, percent and to draw and interpret bar graphs.

REASONING SKILLS

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

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. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel objects, tools, or controls; reach with hands and arms. The employee is frequently required to talk and hear. The employee is occasionally required to stand; walk; stoop, kneel, crouch, or crawl. The employee must regularly lift and/or move up to 10 pounds; occasionally lift and/or move up to 25 pounds. Specific vision ability required by this job includes close vision, distance vision, color vision, and the ability to adjust focus.

WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.