South Shore Bank
BSA Analyst I
Overview
Assist in the implementation and administration of fundamental department functions critical to compliance with the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program regulations. Work with the BSA Officer to establish controls mitigating emerging compliance risks and ensure department activities run smoothly and efficiently.
Essential Duties And Responsibilities
Maintain current knowledge of all federal, state laws, regulations, and the Bank’s policies and procedures.
Keep current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
Daily review, monitoring, and analysis of reports, logs, and transaction data to identify trends, unusual activity, and large currency activity; determine suspicious transactions, significant balance changes, cash structuring, wire, ACH transfers, monetary instrument sales, new account openings, etc.
Assist in completing Enhanced Due Diligence reviews and investigations as needed.
Administer the automated BSA/AML system, research and resolve alerts, and conduct investigations within the system.
Prepare and submit all Currency Transaction Reports (CTRs) within required timeframes.
Monitor account activity for suspicious patterns, conduct SAR investigations, high-risk customer/account reviews, and recommend filing Suspicious Activity Reports (SARs).
Complete SAR reports with a clearly written narrative detailing the specific nature of the reported activity and the ramifications to the Bank.
Process and track all electronically filed SARs and CTRs.
File all Monetary Instrument Logs as received from retail branches.
Review daily Nautilus ACH reports for high-risk activities.
Sign off on OFAC exceptions and false positive reports.
Perform additional duties as requested, needed, or assigned.
Complete all internal Bank training as assigned and required.
Adhere to the Bank’s privacy and data security policies, safeguarding sensitive information and complying with relevant regulations to protect non-public information.
Exhibit the ability and desire to embrace and enhance the Bank culture.
Qualifications
Minimum of three (3) years of general banking and compliance experience, including understanding of bank rules, regulations, policies, and procedures.
Excellent computer and software skills, including MS Word, Excel, PowerPoint, and Access.
Experience with Verafin preferred.
Language Skills Read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations; write business correspondence and procedure manuals; present information and respond to questions from managers, clients, customers, and the general public.
Mathematical Skills Calculate figures; apply basic algebra and geometry.
Reasoning Ability Define problems, collect data, establish facts, and draw valid conclusions; interpret extensive technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
Work Environment & Physical Demands The work environment and physical demands are representative of those required to perform this job’s essential functions. Reasonable accommodations may be made for individuals with disabilities.
Key Points Charlesbridge, a mutual bank holding company, provides operational support, resources, legacy, and innovative thinking to financial institutions to deliver flexible, personalized solutions. Competitive benefits include Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy, Retirement, Life Insurance, and more.
Pay Range Disclosure The pay range for this position is $58,892.00 to $75,940.00 per year.
Equal Opportunity Employer Charlesbridge is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and related conditions.
EOE/F/M/Vet/Disabled
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Essential Duties And Responsibilities
Maintain current knowledge of all federal, state laws, regulations, and the Bank’s policies and procedures.
Keep current knowledge of the Bank Secrecy Act and related anti-money laundering and OFAC regulations.
Daily review, monitoring, and analysis of reports, logs, and transaction data to identify trends, unusual activity, and large currency activity; determine suspicious transactions, significant balance changes, cash structuring, wire, ACH transfers, monetary instrument sales, new account openings, etc.
Assist in completing Enhanced Due Diligence reviews and investigations as needed.
Administer the automated BSA/AML system, research and resolve alerts, and conduct investigations within the system.
Prepare and submit all Currency Transaction Reports (CTRs) within required timeframes.
Monitor account activity for suspicious patterns, conduct SAR investigations, high-risk customer/account reviews, and recommend filing Suspicious Activity Reports (SARs).
Complete SAR reports with a clearly written narrative detailing the specific nature of the reported activity and the ramifications to the Bank.
Process and track all electronically filed SARs and CTRs.
File all Monetary Instrument Logs as received from retail branches.
Review daily Nautilus ACH reports for high-risk activities.
Sign off on OFAC exceptions and false positive reports.
Perform additional duties as requested, needed, or assigned.
Complete all internal Bank training as assigned and required.
Adhere to the Bank’s privacy and data security policies, safeguarding sensitive information and complying with relevant regulations to protect non-public information.
Exhibit the ability and desire to embrace and enhance the Bank culture.
Qualifications
Minimum of three (3) years of general banking and compliance experience, including understanding of bank rules, regulations, policies, and procedures.
Excellent computer and software skills, including MS Word, Excel, PowerPoint, and Access.
Experience with Verafin preferred.
Language Skills Read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations; write business correspondence and procedure manuals; present information and respond to questions from managers, clients, customers, and the general public.
Mathematical Skills Calculate figures; apply basic algebra and geometry.
Reasoning Ability Define problems, collect data, establish facts, and draw valid conclusions; interpret extensive technical instructions in mathematical or diagram form and deal with abstract and concrete variables.
Work Environment & Physical Demands The work environment and physical demands are representative of those required to perform this job’s essential functions. Reasonable accommodations may be made for individuals with disabilities.
Key Points Charlesbridge, a mutual bank holding company, provides operational support, resources, legacy, and innovative thinking to financial institutions to deliver flexible, personalized solutions. Competitive benefits include Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy, Retirement, Life Insurance, and more.
Pay Range Disclosure The pay range for this position is $58,892.00 to $75,940.00 per year.
Equal Opportunity Employer Charlesbridge is committed to providing equal opportunity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, age, marital status, national origin, physical or mental disability, veteran or disability status, gender identity, or expression, citizenship, genetic information, ancestral origin, military status, pregnancy, childbirth, and related conditions.
EOE/F/M/Vet/Disabled
#J-18808-Ljbffr