BSA Analyst (EDD)

ALMA Bank, headquartered in Long Island City, New York and having 12 branches located throughout Queens, NYC, New Jersey, Brooklyn and the Bronx, brings personal service back to personal banking. We have genuine banking professionals ready to serve our customers, and offer a full range of products and services. ALMA delivers a private banking style experience to our business banking customers. Come join our winning team!

We are currently looking to hire an experienced BSA Analyst to work out of our Corporate office in Long Island City. The BSA Analyst will be responsible for assisting the BSA Officer and EDD Manager in order to ensure adherence to State & Federal regulatory compliance regarding the Bank Secrecy Act, USA Patriot Act, OFAC and related laws.

Work with the BSA Officer to administer the Bank’s BSA/AML Program and related procedures in accordance with the Bank’s policies with a particular focus on Enhanced Due Diligence of banking customers.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

  • Review and validate risk ratings for new accounts using the AML system risk rating module.
  • Perform enhanced due diligence (EDD) and monitoring reviews for customers identified as high risk.
  • Review KYC documentation for accuracy and consistency and perform negative news screenings and analysis.
  • Execute and complete EDD reports in a timely and robust manner.
  • Identify transactions that may be indicative of illicit or suspicious activity
  • Perform independent analysis for cases involving suspicious activity including, but not limited to, structuring, unusual transactions, check fraud, and kiting for escalation to the FIU Manager.
  • As scheduled, perform analysis of core application and AML system reports that identify potential suspicious activity, including case management.
  • Perform ongoing monitoring, as required, of all high risk accounts in accordance with the established monitoring schedule.
  • Stay current with changes in BSA and related laws & regulations.
  • Assist with other projects as assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed herein are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Excel skills are required along with the ability to write well.

EDUCATION and/or EXPERIENCE

Bachelor degree and one or more years of banking or BSA experience. Focus on Enhanced Due Diligence and Investigatory work preferred. Effective oral and written communications skills. Ability to effectively present information and respond to questions from managers, clients and customers.

Benefits:

  • Salary is commensurate with experience.
  • Alma Bank employees work in an open and collaborative environment.
  • Alma Bank Offers its eligible employees a generous matching 401(k), excellent healthcare coverage (medical/dental/vision), short and long term disability, life insurance and long term care options.

Alma Bank is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

No Agencies Please

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