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BSA Analyst I

POSITION SUMMARY

Under general direction, this individual contributor ensures compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, the USA PATRIOT  Act, Know Your Customer (KYC) and Customer Due Diligence (CDD) requirements, Office of Foreign Asset Control (OFAC) regulations, Customer Identification Program (CIP) requirements and The Provident Bank's policies and procedures (hereafter referred to as the "BSA Program").    A certain degree of creativity, diplomacy and latitude is required.

 

 MAJOR JOB RESPONSIBILITIES

Contributes to monitoring programs designed to detect suspicious transactions, fraud, and other possible violations of laws, regulations, policies, and/or procedures.  Identifies and investigates possible suspicious activity by reviewing alerts, account transactions and customer identification information.  Conducts a thorough analysis of the collected data documenting the investigation results and providing initial recommendations with supporting conclusion to BSA Management, all within a timely manner.  Makes recommendations for possible account closures and/or restrictions based upon investigation results.

      

         Performs reviews of new business account documents as well as reviews Customer Due Diligence forms for adherence to established CDD procedures and to further identify any business account opening that may be in violation of the Bank’s BSA Policy.  Reviews information gathered on CDD documents to ensure the appropriate risk rating has been applied to the account relationship and identify customers that may require Enhanced Due Diligence.  Notifies appropriate business lines of incomplete or insufficient CDD information that requires timely actions.

 

  •        Assists in preparation of reports to keep management informed of the Compliance Department's activities and status of suspicious activity investigations.
  •        Keeps informed of laws, regulations, and current practices pertaining to the Bank Secrecy

            Act and Anti-Money Laundering regulations.

  • Performs related duties as required.                                               

 

SUPERVISORY RESPONSIBILITIES

       None

 

SKILLS AND TRAINING 

  •        Knowledge of the BSA, AML, USA PATRIOT Act, KYC, and OFAC regulations.
  •        Knowledge of databases and websites used in the investigations of suspicious activity, including
  •        money laundering and terrorist financing.
  •        Knowledge of bank and branch operations.
  •        Good personal computer skills and proficient in using software commonly employed in an office
  •        environment.
  •        Excellent written and oral communications skills.
  •        Ability to analyze business situations, identify problems or concerns, determine applicable
  •        scenarios and choose the appropriate solution to the problem.
  •        Interfaces with other Bank personnel to obtain customer information for use in suspicious
  •        activity investigations.

 

EDUCATION

       High School Diploma required, Associate Degree - preferred

 

WORK EXPERIENCE

       1 to 3 years

 LICENSES AND/OR CERTIFICATES

        Licenses and Certifications                                                            

           None

       

WORKING CONDITIONS

Work is performed in a normal office environment, however, work may be performed in all areas within the Bank. May include travel by automobile.

 

HAZARDS

The hazards are mainly those present in a normal office setting, and those present in commuting by car.

 


We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

 


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.


Nearest Major Market: New Jersey