About the role

AVP & Senior BSA Analyst responsible for BSA, AML, and OFAC compliance at Open Bank. Handle internal examinations and customer account inspections to ensure compliance.

Responsibilities

Handle and implement internal examinations, investigations, and inspections.
Independently inspect records and documents of accounts to ensure they are in compliance with current Bank’s policies and procedures.
Independently review high risk customers, products, and services offered by the Bank.
Complete, review, and approve Currency Transaction Reports for accuracy and submission.
Handle account review and SAR case assignments.
Prepare case write up report and recommend whether to file a SAR or not with minimum supervision.
Compile the SAR narratives and prepare SAR for filing purposes.
Conduct Quality Control/Assurance on Alerts, SARs, EDDs, CTRs and OFAC related tasks.
Identifies areas of risk and make recommendations on operational improvements, processes for compliance, quality assurance and any additional training essential to mitigate risk.
Researches and analyzes testing results or issues, training, reads literature in order to become more knowledgeable about current banking, regulatory and audit issues, and performs other tasks as necessary to carry out daily responsibilities; maintains expertise in areas of testing.

Bachelor degree from an accredited college is preferred.
Minimum five years of experience of BSA, bank audit, compliance, or banking operations is required.
Knowledge of Bank Secrecy Act, USA Patriot Act and OFAC.
Experience of BSA, bank audit, compliance, or banking operations is preferred.
Good knowledge of bank documents and bank operation.
Present a professional image in dealing with customers, interdepartmental, and external representatives.
Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.
Bachelor’s degree in related field or equivalent experience preferred, but not required.

Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members.
Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions.
Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
Company Paid Lunch: Open Bank provides company paid lunch twice a week.