New Account Verification Analyst
How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.
POSITION OVERVIEW
The New Account Verification Analyst is responsible for reviewing and analyzing client onboarding documentation to ensure compliance with regulatory requirements, including Customer Identification Program (CIP) standards and internal Bank policies. This role ensures all required documentation is complete, accurate, and properly evaluated while supporting BSA Compliance initiatives and special projects.
KEY RESPONSIBILITIES
- Review and analyze new account onboarding documentation (e.g., signature cards, identification, business formation documents) for completeness and regulatory adherence
- Ensure compliance with CIP requirements and properly document and escalate any exceptions
- Collaborate with branch personnel, lenders, and business partners to resolve documentation issues in a timely manner
- Identify unusual or potentially suspicious activity and escalate to BSA management as appropriate
- Analyze account activity against stated customer profiles and recommend appropriate action (maintain, restrict, or close accounts)
- Maintain accurate, complete, and secure client documentation files
- Assist in maintaining workflows, policies, and procedures for new account verification
- Track account closures, training logs, and other compliance-related records
- Support special projects and additional duties as assigned
MINIMUM QUALIFICATIONS
- High School diploma or GED required; additional coursework in Criminal Justice, Accounting, Business Administration, Finance or related field preferred
- 0–18 months of related experience in compliance, banking operations, or a similar environment
- Strong analytical and decision-making skills
- Excellent written and verbal communication skills
- Ability to manage workload, prioritize tasks, and meet deadlines in a fast-paced environment
- Working knowledge of Bank policies and procedures
- Familiarity with AML/BSA and OFAC regulations is desirable
PREFERRED QUALIFICATIONS
- ACAMS certification or progress toward certification preferred
WORKING CONDITIONS
Work is mainly performed in a normal office environment. Noise levels usually are moderate.
- Prolonged sitting
- Lifting from 5 to 10 lbs. (printer paper, storage boxes)
- Occasional bending or overhead lifting (storing files or boxes)
- The hazards are mainly those present in a normal office setting.
ADDITIONAL INFORMATION
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.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.
PAY DETAILS
$26.15 - $32.67 per hour.
Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.
This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.
Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.