BSA Analyst

Shore United Bank is seeking a full-time BSA Analyst to join our team. The BSA Analyst supports the BSA Officer, by assisting in performing various quality control reviews. The BSA Analyst is responsible for researching, analyzing, and reporting any activity believed to be associated with unusual and suspicious account activity. This includes but is not limited to potential structuring, money laundering or terrorist financing, to ensure the bank is in compliance with the Bank Secrecy Act and USA Patriot Act. The BSA Analysts are responsible for identification of unusual transactions and escalating incidents when necessary to the BSA Officer, in a timely and accurate manner. The BSA Analyst will monitor the daily alerts, currency transaction reports, and other duties as needed to assist on investigation and ongoing reporting.

Essential Functions Include

• Responsible for day-to-day monitoring and/or investigation of potentially suspicious activity.
• Maintains knowledge of BSA aspects of Compliance regulatory mandates, discretion of highly confidential information, and adherence to sensitive timeline.
• Document findings in concise, detailed, and accurate manner, consistent with policy procedure and enhanced due diligence.
• Reviews daily large currency transaction report and CTRs for accuracy. Performs research on suspicious activity.
• Assists in reviewing and researching any SAR referrals, as well as maintaining the documentation.
• Assists BSA Officer in ensuring all BSA/AML, OFAC, CIP policies and procedures are up to date and followed on a consistent basis.
• Review and research daily alerts in Verafin.
• Reviews CIP information/documentation that pertains to BSA for accuracy and completion.
• Assists in identifying and evaluating the bank’s risk area.
• Facilitates collection of audit materials required by BSA compliance co-sourced audit partners and regulatory examination groups and transfer materials to appropriate electronic portal.
• Review and collect account data for High Risk and exempt customers, to compare and analyze information from previous to current review periods.
• Maintains the highest level of confidentiality with all information obtained.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
• Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.
  
  

Location: La Plata Branch - 202 Centennial St, La Plata, MD 20646

Position Type/Expected Hours Of Work

• Full-time.
• Non-exempt.
• Days of Work: Monday-Friday.
  
  

Required Education And Experience

• High school diploma/GED equivalent.
• 2 years’ experience in a banking role.
• 2 years’ experience with banking regulations and policies.
  
  

Compensation

• The pay range for this position is $21.00 to $24.00 hourly.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.