BSA Analyst - Englewood, United States - State Bank of India (California)

Description

Job Description

Our BSA Department in our Downtown Los Angeles Office is seeking a BSA Analyst to work closely with the BSA Officer in the administration and compliance with all aspects of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), USA PATRIOT Act and Office of Foreign Assets Control (OFAC)regulations.

This well-organized self-starter will provide assistance in maintaining the BSA monitoring program, including but not limited to; preparation and submission of Currency Transaction Reports (CTRs), including exemptions from CTR filing, account activity monitoring, investigation and analyses for completion of Suspicious Activity Reports (SARs), monitoring and testing of branch and department compliance with OFAC laws.

Responsibilities include:
Auditing daily cash reports and reviewing completed CTR forms for accuracy. Ensuring forms are filed in accordance with regulatory timeframes.
Reviewing 314(a) information requests for potential matches. Reporting matches within regulatory timeframes to management and FinCen. Conducting reviews of customers on the 314(a) match list; 314(b) Information Requests and legal processes received as assigned.

Performing CDD and EDD reviews of customer's transaction activity and making recommendations on current and future risks ratings to ensure compliance integrity.

Completing comprehensive investigations of customer and transaction activities concluding with SAR filing recommendations. Ensuring SARs are completed and filed within regulatory timeframes. Synthesizing complex information in order to complete a comprehensive review and recommendation regarding potential suspicious activity.

Job Description

Our BSA Department in our Downtown Los Angeles Office is seeking a BSA Analyst to work closely with the BSA Officer in the administration and compliance with all aspects of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), USA PATRIOT Act and Office of Foreign Assets Control (OFAC)regulations.

This well-organized self-starter will provide assistance in maintaining the BSA monitoring program, including but not limited to; preparation and submission of Currency Transaction Reports (CTRs), including exemptions from CTR filing, account activity monitoring, investigation and analyses for completion of Suspicious Activity Reports (SARs), monitoring and testing of branch and department compliance with OFAC laws.

Responsibilities include:
Auditing daily cash reports and reviewing completed CTR forms for accuracy. Ensuring forms are filed in accordance with regulatory timeframes.
Reviewing 314(a) information requests for potential matches. Reporting matches within regulatory timeframes to management and FinCen. Conducting reviews of customers on the 314(a) match list; 314(b) Information Requests and legal processes received as assigned.

Performing CDD and EDD reviews of customer's transaction activity and making recommendations on current and future risks ratings to ensure compliance integrity.

Completing comprehensive investigations of customer and transaction activities concluding with SAR filing recommendations. Ensuring SARs are completed and filed within regulatory timeframes. Synthesizing complex information in order to complete a comprehensive review and recommendation regarding potential suspicious activity.


QUALIFICATIONS:

Bachelor's Degree in Finance or related field or equivalent; one to three years' experience and/or training in BSA/AML or equivalent combination of education and experience.

Banking experience required. Demonstrated ability to learn quickly and willingness to obtain functional knowledge and understanding of Bank products and services. Organization skills and time management skills with ability to meet deadlines. Excellent communication and decision-making skills.

Effective interpersonal skills with demonstrated ability to work in a team environment to improve the delivery of service to internal and external customers.

Strong PC skills.


Starting range:
$ $29.00

100% Company Sponsored Medical, Dental, Vision Insurance

SBIC is an Equal Opportunity Employer

Company Description

State Bank of India (California) is a full-service financial institution, offering an extensive portfolio of lending solutions as well as comprehensive consumer, business, and international services.

The Bank was established in 1982 as a California State Chartered Bank under the Department of Financial Institutions in Los Angeles, California.

At present, we have a total of seven branches throughout California with our headquarters located in Downtown Los Angeles.

Through our branch and online network, SBIC has a strong presence and specialization in specific business sectors and expanded strategic markets.

State Bank of India (California) is a full-service financial institution, offering an extensive portfolio of lending solutions as well as comprehensive consumer, business, and international services.

The Bank was established in 1982 as a California State Chartered Bank under the Department of Financial Institutions in Los Angeles, California.

At present, we have a total of seven branches throughout California with our headquarters located in Downtown Los Angeles.

Through our branch and online network, SBIC has a strong presence and specialization in specific business sectors and expanded strategic markets.

Seniority level

Seniority level

Mid-Senior level
Employment type

Employment type

Full-time
Job function

Job function

Business Development and Sales
Industries

Banking
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