BSA Analyst (FIU)

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 a 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 FIU 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.

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

  • Monitor, reconcile, and prepare for electronic filing, Currency Transaction Reports for all branches.
  • Review and validate risk ratings for new accounts using the AML system risk rating module.
  • Establish enhanced due diligence (EDD) and monitoring efforts for customers identified as high risk.
  • Perform independent analysis for cases involving suspicious activity including, but not limited to, structuring, unusual transactions, check fraud, and kiting for escalation 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 accounts in accordance with the established monitoring schedule.
  • Perform monthly review of new accounts, using system reports, to ensure that new accounts have been appropriately risk rated.
  • Perform monthly reviews of monetary on Monetary Instruments sold by the Bank.
  • Perform daily reviews of potential OFAC matches from the new account opening process and wire transfer system.
  • 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.

EDUCATION and/or EXPERIENCE

Bachelor degree and one or more years of banking or BSA experience. Effective oral and written communications skills. Ability to effectively present information and respond to questions from managers, clients and customers.

Benefits:

  • Salary 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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