BSA Analyst I, II and Sr. BSA Analyst - Fully Remote

While our client has both MRB/Cannabis and Non MRB/FIU openings, this job posting is ONLY for MRB/Cannabis/Marijuana Banking. Please click HERE to apply to FIU if you don't have at least 1 year of MRB. If link doesn't work, please try copy/paste url into web browser: https://jobs.crelate.com/portal/verticalcareers/job/51o676ozbdyz163h8ihxkpxhcc/BSAAnalyst

Our client is a well established large publicly traded banking institution located in Los Angeles. They are growing and has a strong portfolio in Cannabis/Marijuana Related Business [MRB]. As such they are seeking multiple BSA Analysts at various levels and experience to support this high growth sector in addition to non MRB candidates. Out of State Candidates welcome to apply!

Summary:

The position will review new and existing high risk company's customer accounts to ensure compliance with BSA, USA Patriot Act and other regulatory requirements.

Scope of Responsibilities:

• Conduct/review initial enhanced due diligence for prospective higher risk customers and recommend decision to onboard/decline based on supporting risk assessment (e.g. customer type, geographic, products/services, counterparties, beneficial owners, expected transactions, etc.) performed on the prospect as well as related parties and determine risk rating.

• Perform research, analysis, and investigation of a SAR Filing specific to ensure it conforms to guidance.

• Perform quality assurance review for content, verbiage, backup documents and overall correctness.

• Prioritize, manage time, and monitor assignments and ensure timely completion of assigned duties.

• Understand the bank's products, services, customers, and geographical locations in order to conduct effective research/investigation of accounts

• Continue to monitor and perform periodic enhanced due diligence reviews of approved high risk individuals and entities based on customer’s risk profile

• Review and make decision on AML/ suspicious transaction monitoring alerts and file initial and supplemental suspicious activity reports (SAR) to FinCEN on a timely basis, as warranted.

• Analyze data, review customer documentation (e.g. invoices, POS reports, and manifests) and results of existing transaction monitoring reports to determine the level of further investigation warranted, and take appropriate action.

• Gather and analyze information from outside resources such as Internet searches, third-party vendors, public records, newspaper articles, court records, government agencies, etc.

• Reviews results from third-party vendors regarding authentication of identification on individuals and businesses, OFAC and government list, closed for cause, etc.

• Promptly escalates to appropriate department on issue that arises (e.g. operational, security, legal, management committees, IT, etc.)

• Recommend and escalate accounts for review/ possible closure

• Develops relationships within appropriate levels of staff including front line and back office units for issue identification and resolution (e.g. account closures).

• Proactively stays up to date and knowledgeable on internal policies, procedures, BSA/AML/OFAC and related regulatory requirements, FinCEN guidelines, local/state requirements, and industry practices.

• Perform additional duties as assigned

Requirements & Qualifications:

• Bachelor’s Degree preferred or equivalent experience
• 5+ years’ experience of BSA/AML/OFAC related activities in financial services/banking industry
• 1+ year experience specific to direct Tier 1 or 2 MRB (Marijuana/Cannabis) due diligence REQUIRED
• Experience conducting financial crime investigations, money laundering monitoring and/or other related BSA/AML experience REQUIRED
• Experience with performing due diligence and filing SARs on higher risk customers such as marijuana related businesses
• Banking, operations, BSA & USA Patriot acts background including performing EDD reviews on complex relationships required
• Well-organized, analytical, and critical thinking skills
• Excellent verbal and written communication
• Strong attention to detail, writing skills, organizational skills
• Ability to work in a fast paced environment, creative out-of-the-box thinker, internet savvy, solutions oriented, handle tight deadlines, adaptable to changes in requirements
• Able to meet production and quality goal requirements set by BSA management
• Experience with NICE Actimize preferred
• Experience with any MRB systems preferred
• CAMS certification preferred