RCB Bank has been a responsible employer since 1936, standing firm on moral and ethical principles as a bank and as an inclusive employer while fulfilling our commitment to excellence. Operating with values such as integrity, respect, sincerity and honor, RCB Bank is an equal opportunity employer, striving to hire diverse employees who meet high standards of character, education and occupational qualifications. RCB Bank is dedicated to building Relationships, contributing to our Communities, and embracing our Boldness!
With over 60 locations, RCB Bank offers a variety of excellent career opportunities in Oklahoma and Kansas. We offer full-time and part-time opportunities along with a comprehensive benefit package (eligibility requirements apply).
Internal Deadline: August 04, 2024Title: Senior BSA Analyst IPOSITION SUMMARY:The Senior BSA Analyst I assists the BSA Compliance Officer in maintaining the overall compliance of the BSA program and provides assistance by identifying and correcting areas of concerns regarding day-to-day functions. The incumbent will ensure BSA required filings are timely and accurate, cases and alerts are thoroughly investigated and adequately documented, and will provide mentorship and training to BSA Analysts I and II. The incumbent will be responsible for day-to-day analysis and research of BSA compliance risk challenges through review of transactions, accounts, processes, and forms, as well as the mitigation, resolution, and reporting of existing, emerging, and upstream risks and other identified issues determined to be of elevated risk to the Bank. The Senior BSA Analyst I serves as a business partner to designated business unit(s), as well as a subject matter expert for Bank Secrecy Act (BSA), Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) topics, as assigned.
ESSENTIAL FUNCTIONS:- Reviews complex system-generated alerts referred to a case, or information provided by Bank personnel, to assess the presence of potentially suspicious activity that may require reporting based on BSA/AML requirements. Conducts research as required, documents detailed results and findings in a written format, and prepares a Suspicious Activity Report (SAR), as necessary, within regulatory timeframes and in accordance with department policies and procedures.
- Conducts follow-up reviews of activity previously reported via SAR. Conducts research as required, documents detailed results and findings in a written format, and prepares a follow-up SAR, as necessary, within regulatory timeframes and in accordance with department policies and procedures.
- Provides quality control and/or dual control for processes within BSA department, such as SARs, Currency Transaction Reports (CTRs), Designation of Exemption Persons (DOEPs), AML monitoring system data validation, etc., for accuracy, timeliness and thoroughness.
- Identifies controls and develops strategies to ensure appropriate testing of controls.
- Performs review of complex alerts from AML monitoring system relative to BSA/AML, OFAC and Know Your Customer (KYC)/Customer Due Diligence (CDD)/Enhanced Due Diligence (EDD).
- Identifies potential opportunities for tuning in AML monitoring systems and provides recommendations to BSA Compliance Officer to enhance the effectiveness of the monitoring system.
- Provide mentorship and training to BSA Analysts I/II and other staff as needed.
- Participates in bank-wide BSA/AML/OFAC training program in coordination with the BSA Compliance Officer.
- Analyzes complex customer data, documentation and negative news in order to determine risk profiles as established under the KYC/CDD/EDD procedures (initial and ongoing).
- Responsible for an assigned group of High Risk Customers in order to perform ongoing Enhanced Due Diligence (EDD).
- Participates in periodic BSA/AML and OFAC risk assessment and policy updates in coordination with the BSA Compliance Officer based on changes to existing products, services, customers, and geographies.
- Responsible for regulatory surveillance, including new and revised BSA/AML and OFAC laws and regulations, as well as identification of existing, emerging, and upstream regulatory risks and other identified issues impacting the Bank, to be reported to the BSA Compliance Officer.
- Conducts detailed analysis of identified BSA compliance mandates or changes and provides direction with the implementation of resolutions for production problems and/or questions.
- Assists in the preparation and execution of federal and state examinations and internal/external audits.
- In addition to the other essential functions listed above, the Senior BSA Analyst I must also take ownership over a specific BSA compliance function, as assigned, with moderate to minimal supervision by the BSA Compliance Officer, and act as the subject matter expert for that function.
- Provides coverage as a point-of-contact (POC) for 314(a) and 314(b).
- Escalates concerns to BSA Compliance Officer timely.
- Reviews reports compiled by BSA Analysts I and II for potential BSA/AML and/or OFAC risks after initial review/documentation by Analysts.
- Participates in/leads projects supporting the overall BSA program.
- Documents operational/procedural impacts and changes that need to be developed and implemented in support of overall BSA project completion.
- Researches complex consulting questions, as assigned, and provides response to the business unit.
- Develops and maintains comprehensive job knowledge.
- Effectively communicates and coordinates with branches and departments, including Senior Management, to ensure a cohesive, coordinated approach that ensures the organization is taking appropriate steps to achieving BSA compliance.
- Provides subject matter expertise with regard to BSA topics.
- Identifies and escalates current and potential operational impacts to BSA Compliance Officer.
- Performs all other duties as assigned.
EXPERIENCE REQUIRED:Minimum of five (5) years BSA/AML, compliance, financial audit, or other related experience.
EDUCATION, CERTIFICATIONS & TRAINING:High school
Bachelor degree in finance, accounting, or business preferred; or equivalent combination of education and work experience.
Certified AML and Fraud Professional (CAFP) Certification (or other certification as approved by the Bank) or ability to obtain within 3 years.
Knowledge of Verafin a plus.
JOB-SPECIFIC SKILLS & KNOWLEDGE:- Strong MS Excel, Word, and Outlook skills.
- Ability to manage multiple tasks/projects and deadlines simultaneously.
- Strong knowledge of AML, BSA, and OFAC laws and regulations and business unit policies.
- Strong analytical and problem solving ability; good judgment in case escalation to management.
- Strong interpersonal skills and excellent written and oral communication skills.
- Ability to work cooperatively with other co-workers regardless of personality or communication style.
- Ability to think creatively and present ideas clearly.
- Ability exercise reasonable and prudent judgement and communicate clearly and effectively with business line partners and co-workers.
- Strong knowledge of banking operations.
- Ability to work independently with minimal supervision on day-to-day tasks, and general instructions on new assignments, in a fast-paced production environment.
- Ability to demonstrate good judgment in selecting methods and techniques for obtaining solutions.
- Excellent reading, comprehension, and problem-solving skills.
WORKING CONDITIONS:Individuals in this position must be able to perform essential functions and physical demands within these documented working conditions with or without reasonable accommodation:
This position is in an office environment within a climate-controlled facility that can be high-traffic during peak service times. There is frequent use of the telephone, computer and other office equipment associated with this position. Individuals in this position are typically seated at their personal desk for the majority of the day.
The individual responsible for this role must be able to perform job functions with indirect supervision and work effectively as a member of a team and independently. The individual must be capable of working harmoniously with diverse personalities of co-workers, staff and customers. This position requires regular and reliable attendance and the ability to work varying hours.
Nothing in this job description restricts management’s right to assign or reassign Responsibilities.RCB Bank is an EOE. We offer EEO to all persons without regard to race, color, religion, age, marital or veterans’ status, sex, national origin, physical or mental disability, or any other legally protected class.
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