Magyar Bank
Overview
Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Compliance team as a
BSA Analyst
in New Brunswick, New Jersey.
The BSA Analyst works with the BSA Officer to administer the Bank Secrecy Act/Anti-Money Laundering Program and related procedures in accordance with the Bank’s policies, procedures and applicable federal regulations. You will also perform BSA/AML activity monitoring, analytics and reporting. Review documentation submitted to the Department for adherence to established guidelines and regulations.
Responsibilities
Investigate and decide FCRM alerts generated on customer activity within the applicable timeframe.
Review daily, weekly, monthly and quarterly monitoring reports for potential suspicious activity.
Review Currency Transaction Reports (CTR) for adherence to established procedures and accuracy. Submit CTRs electronically for the Bank.
Conduct SAR investigations adhering to established procedures. Submit SARs electronically for the Bank.
Perform Additional Enhanced Due Diligence Reviews (AEDD) for higher-risk customers.
Escalate suspicious activity for further investigation.
Review documentation for new business accounts, including business profiles, site visits and beneficial ownership forms, etc.
Review documentation for Non-Resident Aliens.
Review OFAC and sanctions lists for potential matches.
Perform Bi-weekly 314a list searches.
Conduct training on topics as needed, such as New Hire BSA Training, Business Profiles, Site Visits, Currency Transactions Reports, etc.
Assist with compilation of Audit and Examination request items.
Stay current with changes in BSA regulations.
Other duties as assigned.
Requirements
High School diploma or equivalent required, some college desired.
Minimum of one year of BSA experience.
Minimum of three years banking experience including branch/platform experience. Knowledge of Bank Secrecy Act regulatory requirements, including CTRs and SARs, and basic knowledge of banking regulations.
Basic knowledge of Bank’s services and products.
Computer literate, including knowledge of Microsoft Office, Excel, Word and PowerPoint and internet search.
Strong organizational and time management skills.
High degree of accuracy and attention to detail.
Must be detail oriented with excellent follow up skills and the ability to multi-task.
Strong analytical skills.
Must maintain a high degree of confidentiality.
Excellent communication skills including verbal and written.
Ability to effectively interact with all levels of management.
Ability to work independently.
Ability to multi-task and work in a high-volume environment.
Magyar Bank offers competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.
Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V
Powered by JazzHR
#J-18808-Ljbffr
BSA Analyst
in New Brunswick, New Jersey.
The BSA Analyst works with the BSA Officer to administer the Bank Secrecy Act/Anti-Money Laundering Program and related procedures in accordance with the Bank’s policies, procedures and applicable federal regulations. You will also perform BSA/AML activity monitoring, analytics and reporting. Review documentation submitted to the Department for adherence to established guidelines and regulations.
Responsibilities
Investigate and decide FCRM alerts generated on customer activity within the applicable timeframe.
Review daily, weekly, monthly and quarterly monitoring reports for potential suspicious activity.
Review Currency Transaction Reports (CTR) for adherence to established procedures and accuracy. Submit CTRs electronically for the Bank.
Conduct SAR investigations adhering to established procedures. Submit SARs electronically for the Bank.
Perform Additional Enhanced Due Diligence Reviews (AEDD) for higher-risk customers.
Escalate suspicious activity for further investigation.
Review documentation for new business accounts, including business profiles, site visits and beneficial ownership forms, etc.
Review documentation for Non-Resident Aliens.
Review OFAC and sanctions lists for potential matches.
Perform Bi-weekly 314a list searches.
Conduct training on topics as needed, such as New Hire BSA Training, Business Profiles, Site Visits, Currency Transactions Reports, etc.
Assist with compilation of Audit and Examination request items.
Stay current with changes in BSA regulations.
Other duties as assigned.
Requirements
High School diploma or equivalent required, some college desired.
Minimum of one year of BSA experience.
Minimum of three years banking experience including branch/platform experience. Knowledge of Bank Secrecy Act regulatory requirements, including CTRs and SARs, and basic knowledge of banking regulations.
Basic knowledge of Bank’s services and products.
Computer literate, including knowledge of Microsoft Office, Excel, Word and PowerPoint and internet search.
Strong organizational and time management skills.
High degree of accuracy and attention to detail.
Must be detail oriented with excellent follow up skills and the ability to multi-task.
Strong analytical skills.
Must maintain a high degree of confidentiality.
Excellent communication skills including verbal and written.
Ability to effectively interact with all levels of management.
Ability to work independently.
Ability to multi-task and work in a high-volume environment.
Magyar Bank offers competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.
Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V
Powered by JazzHR
#J-18808-Ljbffr