BSA / AML Analyst

BSA/AML Analyst Corporate Title: BSA/AML Analyst EEOC Class: Exempt Department: BSA/AML Department Reports to: BSA Officer Company Summary: Carver Bancorp, Inc. (NASDAQ: CARV) the holding company for Carver Federal Savings Bank, is a federally chartered institution with approximately $610 million in assets and 125 employees. The Bank was chartered in 1948 to address the banking needs of middle income and underserved communities in New York City. Carver operates 8 full service branches in the New York City boroughs of Brooklyn, Queens and Manhattan. The Bank provides commercial real estate and small business loans and a range of complementary bank products and services. Position Summary: Assist the Bank Secrecy Act ("BSA") Officer in maintaining Carver's BSA, Anti-Money Laundering ("AML") and Office of Foreign Assets Control ("OFAC") compliance program. Duties and Responsibilities: Review alerts generated by the monitoring system concerning customer transactions for unusual or suspicious activity and when needed prepare SAR draft for approval and filing. Perform OFAC alerts review that are generated by the internal system; conduct 314(a) searches in compliance with the Information Sharing requirements of the USA PATRIOT Act. Periodically scan Carver's customer database against the OFAC list by using Fiserv - Navigator. Review and investigate referrals received by the Bank departments. Support Carver branch network by guiding potential OFAC "hits." Support branch function with regards to the review of the monetary instrument log Review and prepare Currency Transaction Reports ("CTRs"). Conduct periodic reviews of high-risk accounts and customers (EDD reviews). Assist the BSA/AML Officer for daily operations. Present or assist in presenting BSA and OFAC training materials to other Bank employees, such as New Hire Orientation. Prepare specialized reports using Microsoft Excel and our BSA Department Software, known as Fiserv-Navigator. To successfully perform this function, the BSA Analyst must: Be familiar with "Red Flags" for identifying unusual/suspicious activity. Ongoing training is provided to ensure updated knowledge of money laundering and terrorist financing typologies. Utilize internal and external resources to research the customer and account action under review to arrive at a preliminary determination on the nature of the activity. Internal resources include Carver's databases, such as our check imaging system and external resources including internet searches such as Google. Must be able to interact with management with ease Must be comfortable at giving a presentation Knowledge of banking such as KYC for consumer and business banking customers Maintain knowledge of new laws and regulations related to BSA/AML, and OFAC promulgated by the Federal Authorities. Requirements: Minimum of 5 years of experience working in Compliance, Banking or Financial Services 4-year college degree preferred ACAMS certification preferred Excellent writing and verbal communications skills Good organizational and time management skills Computer Skills (Microsoft Word and Excel) Use BSA Department system (Fiserv - AML Manager) Research checks and deposited items using Fiserv - Navigator Research wires Conduct internet research Take and save screenshots Working knowledge of the principles and procedures related to AML, BSA, OFAC regulations and the USA Patriot Act requirements. Ability to read, analyze and interpret regulatory requirements Must be self-motivated and able to function with minimal supervision, and flexible enough to work within a team environment or independently as required Ability to define problems, collect data, establish facts, and individually draw valid conclusions Detailed oriented with strong technical and analytical skills, and an ability to multi-task and handle deadlines

Created: 2024-11-05