BSA and Compliance Analyst
Summary of Basic Function:
Responsible for maintaining internal compliance standards including BSA and AML and regulatory compliance, maintaining adherence to the institution's policies and procedures, consumer regulations, and Federal and state regulations, documentation of audits and reporting, and developing/facilitating compliance and BSA/AML training for Bank staff. Supports overall program effectiveness of the Bank's Compliance Program.
Essential Duties and Responsibilities:
• Performs periodic compliance and BSA/AML audits, risk assessments and conducts ongoing compliance monitoring activities
• Prepares compliance work papers and reports
• Works with business areas to identify corrective actions to be taken for any identified procedural or training weaknesses
• Assists in the identification, implementation, and monitoring of compliance controls
• Regularly tracks and monitors outstanding compliance issues to ensure remediation and corrective action is completed by expected remediation date
• Collaborates with various business areas to assist in the development and maintenance of compliance policies and procedures
• Assists with the annual review of Compliance Department policies and procedures
• Assists with compiling compliance related data for management reporting
• Assesses training needs relating to Deposit Compliance and BSA/AML; develop and facilitate training as needed
• Responsible for accurate completion and timely filing of CTRs and SARs
• Reviews alerts and conducts investigations for potentially suspicious activity as detected by Verafin and staff
• Utilizes analytical skills to detect, mitigate, and prevent fraud
• Conducts initial and ongoing enhanced due diligence reviews for exempt customers and customers identified as high risk according to review policies
• Additional tasks and responsibilities may be assigned based on business need
Knowledge, Skills, Abilities and Requirements:
• Bachelor's degree and/or 3-4 years previous related experience in banking operations, compliance, fraud or audit related functions
• Excellent written and verbal communication skills
• Strong analytical and problem-solving abilities
• Attention to detail and strong organizational skills
• Ability to work independently and manage multiple priorities
• Working knowledge of BSA/AML, OFAC, and other relevant regulations
• Prior experience utilizing BSA/AML software is a plus
Physical Demands and Work Environment:
• This position offers hybrid flexibility, with the ability to work both remotely and on site in the office. Physical Requirements: prolonged standing (5-8 hours per day), frequent use of hands to manipulate/grasp objects, ability to communicate face to face and on the phone with clients, occasional bending and lifting from floor height, frequent forward reach, frequent lifting of 1-10lbs, occasional lifting of up to 50lbs, ability to see and read fine print, must be able to distinguish and count currency.
• Work may be performed in an office environment with normal noise levels.
• Involves prolonged sitting and computer usage.
• The position is headquartered in Pittsburgh, Pennsylvania, and incumbent will need to live within a commutable distance.
Benefits
At Brentwood Bank, we know that great people make a great organization. We value our people and offer our employees a broad range of benefits to support wellness for individuals and families.
Our People and Culture
Brentwood Bank is committed to a diverse, equitable, and inclusive culture that empowers our people to contribute their unique ideas and perspectives to make a difference. Brentwood Bank creates a strong relationship within the communities we serve and will continue to contribute our time, talent, and financial support to improve the areas where we live and work. Here, you will work alongside company leaders and industry pioneers who have proven experience and are committed to continuous innovation. Employees feel valued in all aspects of their lives, including both their professional and personal aspirations. We are looking to hire the best and brightest to help us continue to evolve and drive superior services.
Professional Development
From entry-level employees to senior leaders, we believe there is always room to learn. We offer opportunities to build new skills, take on leadership opportunities, and grow connect through mentorship. From on-the-job training to formal development programs, our professionals have a variety of opportunities to continue to grow throughout their career.
