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BSA Analyst II

Provident Bank, a multi-billion dollar NJ bank with branches in NJ and eastern PA, has an opportunity in our BSA/AML department for an experienced BSA Analyst.  Candidates must have a minimum of three years BSA experience to include writing and investigating SARS. Candidates must also be familiar with all related regulations.   

We offer a competitive compensation package that includes medical/dental/life insurances, 401(k) with match, Employee Stock Ownership Plan, Student Loan Paydown program, generous paid time off and more!

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) 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").  This is the intermediate or journeyperson level in the job family.  Incumbent is expected to display professional maturity, judgment and experience.  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 software reports, 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.  Writes Suspicious Activity Report (SAR) narrative draft, compiles SAR administrative elements, and files completed and approved SARs in accordance to FinCEN deadlines.  Makes recommendations as to account closeouts and/or restrictions based upon investigation results.                                                                                                                                                                              50%
  •        Performs reviews of the Bank’s BSA Customer Information Form (CIF) for business customers to ensure completeness and adequate documentation of the nature of the business activities, its projected account activities and site visit observations are sufficient to determine the appropriate BSA/AML risk rating of the business relationship.  Conducts enhanced due diligence monitoring of designated high risk account relationships.                                                                                                                                          20%
  •        Monitors cash sales of monetary instruments for suspicious activity.  Monitors logging of   cash sales of monetary instruments to the Bank's Monetary Instrument Log (MIL) to ensure all transactions subject to the Bank Secrecy Act's recordkeeping requirements are captured.                                                                                                                                                                                               10%
  •        Assists with monitoring the Bank's overall compliance with the BSA Program including  monitoring and investigating OFAC concerns.  Assists in the timely research of and response to 314a Requests to ensure the Bank’s compliance with FinCEN’s noted deadlines.  Recommends changes to the Bank's BSA Program and/or account opening policies and procedures.                                             10%
  •        Performs related duties as required that may include but are not limited to:                          
    •  Providing supporting documentation and explanation of SARs and investigation activities to law enforcement;
    •  Conducting Customer Due Diligence inclusive of customer meetings and/or site visits due to abnormal or suspicious activity that would require further analysis based on risk categories and customer profiles.  Conducting periodic Check Casher Reviews;
    •  Keeping informed of laws, regulations, and current practices pertaining to the Bank Secrecy Act and Anti-Money Laundering regulations.                                                                                                                                                                      10%

 

       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 banking 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.

       Interacts with other Bank personnel to obtain customer information for use in suspicious activity investigations.

  EDUCATION

       Bachelor’s degree

  WORK EXPERIENCE

       3 to 5 years directly in BSA

  LICENSES AND/OR CERTIFICATES

        Licenses and Certifications                                                              Expiration Date

           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.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

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 175 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