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BSA Analyst

at Camden National Bank in Rockport, Maine, United States

Job Description

The Risk and Compliance Analyst will assist in the implementation and administration of all aspects of the Bank Secrecy Act compliance program and assist with various assignments supporting the Compliance Program of the bank, under the guidance of the Bank Secrecy Act (BSA) Officer. This position shall advise the BSA Officer and other Risk and Compliance staff of compliance issues and work with the team to execute existing controls to mitigate risks.

 

This position offers the flexibility of WFH in Maine for qualified candidates.

 

Essential Duties and Responsibilities: 

  • Identify, review, and investigate activities of high risk customers of the bank.

  • Investigate and resolve suspicious activity alerts, daily debit card fraud, account fraud, and OFAC alerts.

  • Complete enhanced due diligence reviews for high risk customers and customer behavior reviews.

  • Identify potential weakness or gaps in the BSA/AML automated software solution to insure integrity of the system in the normal course of system upgrade(s).

  • Prepare and file suspicious activity reports (SARs).

  • Support activities related to gathering and maintaining the bank’s listing of all designated exempt person(s), along with all supporting documentation as required by FinCEN.

  • Retrieve and handle 314(b) collaboration requests and keep documentation of the search within the bank’s automated software solution.

  • Assist, track, and respond to IRS and State of Maine levies, subpoenas, and court orders.

  • Assist the BSA Officer in gathering information for audits and regulatory exams.

  • Review and update day-to-day compliance operating procedures that support the various activities within the department.

  • Provide input to BSA Officer on control weaknesses, policy enhancements, and training needs to ensure bank-wide compliance.

  • Provide support to all stakeholders company-wide relating to compliance or other project initiatives.

 

 

Basic Qualifications

  • Bachelor’s or Undergraduate degree

  • 3-5 years general banking or regulatory agency experience, with an emphasis on compliance and/or operations

  • Knowledge of all Microsoft Office products, especially Excel, Word, and PowerPoint

 

Willing to consider candidates with lesser years of experience if they are within a commutable distance of Rockport, Maine.

 

Preferred Qualifications: 

  • Demonstrated familiarity with banking systems and operations

  • Familiarity with the internet to research compliance and customer-related issues

 

 

Skills and Abilities: 

  • Excellent oral and written communication skills with ability to communicate effectively with customers and bank staff at all levels

  • Demonstrated ability to think critically and strategically with sound analytical and problem solving skills and ability to review and analyze data

  • Ability to work independently and as part of a team

 

 

Supervisory Skills:    

  • None required

 

 

Career Path and Job Family: 

  • BSA Analyst I, BSA Analyst II, BSA Analyst III, BSA Officer

 

 

The statements contained herein reflect general details as necessary to describe the principle functions for this job, the level of knowledge and skill typically required, and the scope of responsibility, but should not be considered an all-inclusive listing of work requirements.  Individuals may perform other duties as assigned, including work in other functional areas to cover absences or to equalize peak work periods to balance workloads.

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Job Posting: 606502

Posted On: Sep 15, 2021

Updated On: Sep 30, 2021