BSA Risk Analyst

OVERVIEW:

Reports directly to the Bank’s BSA Officer to perform a variety of duties to ensure the accuracy and effectiveness of the Bank’s BSA program. The BSA & Risk Analyst will also assist with identity theft, fraud prevention, information security and vendor management as well as other matters requiring regulatory action. Position requires attention to detail and excellent analytical skills. The individual must practice sound judgment and observe confidentiality with all information at hand.

ESSENTIAL FUNCTIONS:

Reasonable accommodation may be made to enable individuals with disabilities to perform these essential functions.

• Responsible for daily tasks associated with BSA compliance including but not limited to:
  1. Review BSA, OFAC and fraud alerts within the Bank’s BSA/AML system and utilizing Case Management.
  2. Review and file Currency Transaction Reports.
  3. Identify unusual activity and assist with the preparation of suspicious activity reports (SARs).
  4. Aid with fraud detection and prevention including the maintenance of the Fraud log.
  5. Assist with the Identity theft red flags program.
  6. Retrieve system generated 314(a) report listings identified by FinCEN, and review Bank records for any suspected matches and forward to the BSA Officer, as necessary.
• Support the SVP/Information Security Officer with Information Security and Vendor Management program compliance including but not limited to:
  1. User application reviews
  2. Assist with Vendor risk assessments and annual reviews
  3. Coordinate, conduct and report on GLBA security office checks
  4. Supports with Project Management documentation
  5. Experience with Crystal reports a plus but not required.
• Assist in the preparation of internal reviews, audits and regulatory exams.
• Maintains a high level of knowledge through training, participation in outside seminars and from professional publications and groups to ensure compliance with the BSA, OFAC, Gramm Leach Bliley, vendor management and Information Security.
• Maintain a high degree of knowledge of Bank’s policies and procedures.
• Attends annual training and staff meetings.
• Performs other duties, assignments, and special projects, as assigned.

The preceding functions have been provided as examples of the types of work performed by employees assigned to this job classification. Management reserves the right to add, modify, change, or rescind work assignments and make reasonable accommodations as needed.

SUPERVISORY RESPONSIBILITIES:

None

WORK ENVIRONMENT:

Typical office environment. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is generally required to stand and walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

REQUIRED KNOWLEDGE, SKILLS AND/OR ABILITIES:

• Bachelor’s degree in Finance, Accounting, Business, Management, related degree or equivalent bank experience.
• 1-3 years’ experience in BSA/AML/OFAC regulations or fraud investigations preferred.
• Prior experience working with automated transaction investigative tools and exposure to risk management/compliance software programs, Verafin software a plus.
• Proficient personal computer skills including Microsoft Word, Excel, PowerPoint, as well as other applications and software utilized by the departments; as well as other applications and software utilized by the departments;
• Strong communication, collaboration, and technical compliance skills. Should be able to work effectively with others at all levels across the organization.
• Excellent written, verbal and presentation skills.
• Ability to work independently and proactively with a strong desire to effect change.

Winchester Co-operative Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.