Job Description

Join our team as a BSA Investigations Analyst! Apply now, and speak with one of our recruiteres for more information!

Job Position: BSA Investigations Analyst

Salary: $20-$27/hr | Schedule: AM l Location: Salinas, CA

**Must have a minimum of 5 years of banking experience and 3 years of experience in a financial institution**

1. SUMMARY 

• The BSA Investigations Analyst assists in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assists with various assignments supporting the compliance program of the bank under the guidance of the BSA Officer or the BSA Operations Manager. This position is responsible for the day-to-day monitoring and/or investigation of potential suspicious or unusual activity, initial and annual CTR exemptions, verification of customer identification program compliance, customer due diligence, and conducting enhanced due diligence reviews of higher risk customer relationships and special products and services utilizing regulatory guidance to ensure the Bank’s compliance efforts are maintained. The position is responsible for conducting OFAC, 314(a), and other regulatory searches to ensure the Bank’s programs are accurate and potential matches are identified, researched, and resolved with the appropriate action per the Bank’s policy and procedures. Advises the BSA Officer of emerging compliance issues and assists the bank in the establishment of controls to mitigate risks. The BSA Investigations Analyst is required to be fully knowledgeable and skilled in all areas of the BSA department. 

2. ESSENTIAL FUNCTIONS (including, but not limited to) 

• Perform/conduct full KYC reviews on all new clients and/or EDD reviews of existing high risk clients in accordance with relevant laws, regulations and bank policies and procedures.
• Carry out KYC due diligence reviews in a timely manner to high quality standards, as per the Bank’s policies 
• Provide guidance to front office staff for timely collection of client information/documentation to ensure compliance with all relevant AML/KYC regulations, policies and risk management requirements 
• Investigate client data utilizing all available internal/external systems to develop a comprehensive analysis of who the client is and whether there are high risk factors 
• Review, investigate, and understand organizational structure, accumulation and domination methodologies to assist in determining ownership and control parties to identify all ultimate beneficiaries and potential politically exposed persons (PEPs) 
• Coordinate and interact with various departments to ensure quality files are produced 
• Works with the BSA Operations Manager to ensure appropriate policies and procedures are in place to fully implement the drive against money laundering and to implement best practice standard guidelines for Customer Information Program, Know Your Customer, Customer Due Diligence and Enhanced Due Diligence 
• Assists in the compliance with 314(a) and 314(b) responsibilities including, but not limited to, uploading the 314(a) information once the downloads are available following the proper written procedures. (as needed) 
• Assists in the administration of the automated BSA/AML system, researches and resolves alerts and conducts investigations within the system following written procedures.(as needed) 
• Conduct suspicious activity report investigations by utilizing the proper forms and following the written processes. Ensure completeness by obtaining information through the branches and investigative work through other means, such as loan files, interviews with personnel, internet searches, etc. Recommends when to file Suspicious Activity Reports (SARs) and provides completed investigation results to the BSA Operations Manager for review and SAR filing determination. May assist in the filing of the SARs when necessary. 
• Assist in the monitoring of account activity for suspicious patterns and unusual activity. 
• Conducts high-risk customer account reviews and site visits as necessary. 
• Ensures that completed Currency Transaction Reports (CTRs) are received timely from the branches and are then reviewed, entered and filed within required timeframes. (as needed) 
• Works with the BSA Operations Manager to direct interaction with other departments within the bank, as necessary, to coordinate the investigation of cases
• involving potential criminal matters relating to theft, fraud, embezzlement, and bank robbery, or other violations of law. 
• Helps in the coordination and support of audits. 
• Requires continuous exercise of judgment following broad guidelines. Identifies and selects complex choices of action where standard practices may not exist. Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions. 
• Committed to on-going professional development and actively participates in the Bank's training and development programs and commitment to learning. Successfully completes in-house training programs for position. 
• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions. 

3. ADDITIONAL RESPONSIBILITIES 

• Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training. 
• Provide the highest level of customer service possible 
• Meet compliance and other training deadlines. 
• Maintain a professional demeanor at community events and other activities where visible as a representative of the Bank. 
• Assist in controlling expenses in the areas pertaining to responsibilities. 
• It is the employee’s responsibility to perform duties in accordance with federal & state banking laws and regulations, as well as Pacific Valley Bank’s internal policies and procedures including BSA/AML, and to comply fully with those laws, regulations, policies and procedures. Additionally, managers and supervisors are responsible for creating an environment in which they hold their employees accountable for the above. 
• Performs other ongoing duties or special projects as assigned by immediate supervisor or senior management.

4. EDUCATION, EXPERIENCE AND SKILLS 

• Ability to source information from various research tools, (LexisNexis etc.) and in several cases utilizing financial reports and audited statements to interpret alerts, identify trends and source info 
• Basic understanding of AML/KYC regulations and how these impact financial institutions, as well as knowledge of Pacific Valley Bank products 
• Minimum of 5 years’ experience in banking with a minimum 3 years of experience at a financial institution in BSA/AML 
• Strong organizational skills, attention to detail, analytical abilities including use of Microsoft office, adherence to strict deadlines in a fast paced and high pressure environment. 
• Excellent interpersonal and communication skills, experience dealing with senior management or executive level staff, and the ability to appropriately escalate situations that can pose operational or reputational market risk. 
• Ability to resolve issues, work independently, and meet deadlines. The ability to implement projects and tasks on a timely basis is essential for success in this position. 
• Superior organization, planning and time management skills are required to ensure that a wide variety of projects and tasks can be handled effectively and efficiently. 
• Knowledge of applicable Federal, state, and local laws and regulations governing the activities of the bank

5. PHYSICAL DEMANDS 

• The physical requirements described herein are representative of those that must be met by an employee to successfully perform the essential job functions. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• While performing the duties of the job, the employee is required to walk, talk and to hear. The employee is also required to stand; sit; use of hands to handle and feel; reach with hands and arms; climb or balance; to stoop, kneel; crouch or crawl. The employee must occasionally lift, and or move, up to 25 pounds. Specific vision abilities required by this job include close and far focusing as well as the ability to adjust ones focus. 
• The typical noise level for this position ranges between quiet (examples: library, private office) and moderate noise (examples: business office with typewriters and/or computer printer).

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