BSA/AML Analyst

Firstrust Bank; Horsham (PA); Hybrid; USD 65,000 - 95,000; Full time

Benefits offered by this job

Hybrid work schedule

Job summary

Firstrust Bank is seeking a BSA/AML Analyst to support the design and execution of our compliance programs, including OFAC, in a hybrid role (4 days in office, 1 day remote). Hours are 8:30–5:30.

Responsibilities include assisting with transaction monitoring, investigations, data analysis, risk identification, and regulatory reporting. You will communicate with bankers and customers to ensure full compliance and participate in ongoing compliance projects.

Qualifications

• Experience in banking or financial services preferred.
• Strong analytical and data analysis capabilities.
• Ability to communicate clearly with bankers and customers.

Responsibilities

• Assist with transaction monitoring and investigations.
• Conduct data analysis to identify trends and patterns.
• Assist in developing and tuning compliance processes and reporting.
• Understand and apply BSA/AML/OFAC regulatory requirements.
• Prepare reports to meet internal and regulatory standards.
• Educate and advise lines of business to ensure compliance.
• Participate in compliance projects.

Skills

Analytical skills

Communication

Time management

Interpersonal skills

Tools

Miser

Abrigo

LexisNexis

Microsoft Office

Teams

Job description

Recognizes the leader in you As one of the region's foremost community banking institutions, we take pride in fostering leadership.

FIRSTRUST BANK

Recognizes the leader in you As one of the region's foremost community banking institutions, we take pride in fostering leadership. As a Firstrust employee, your growth is our growth. For you, that means great benefits, performance-based pay, a meaningful role, and resources to help your success. For us, that means employees who offer exemplary customer service with a commitment to our values - honesty, integrity and accountability.

• Hybrid Position*

Serve in a role to support the design and execution of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs.

Responsibilities

JOB DUTIES AND RESPONSIBILITIES

The BSA/AML Analyst will have duties and responsibilities such as:

• Assist with transaction monitoring, investigations, data analysis, identification of trends and patterns.
• Perform systems testing, tuning, and developing innovative compliance solutions.
• Identifying and managing risk, facilitating engagement decisions, and enhancing compliance programs.
• Understand BSA/AML/OFAC regulatory requirements and apply them to our business model to ensure the effective execution of the program.
• Prepare reports that meet internal and regulatory standards.
• Communicate clearly with bankers and customers in the conduct of investigations and monitoring efforts and educate and advise lines of business to ensure full compliance.
• Participate in assigned compliance projects.

Other Job Duties And Responsibilities

• Assists in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to appropriate person to establish business relationships.
• Other duties as assigned.

Physical And Sensory Requirements

• Prolonged periods sitting at a desk and working on a computer.
• Prolonged periods of working independently.

Potenital On-the-job-risks

• None identified.

Education, Training And Experience

• 3 - 5 years of banking experience required with background or experience in accounting a plus.
• In-depth knowledge of the BSA/AML/OFAC and related regulations.
• Must be well organized and detail oriented.
• Must possess good analytical skills.
• Excellent time management, communications, and interpersonal skills.
• Intermediate knowledge of Miser, Abrigo, LexisNexis, Microsoft Office, and Teams.
• Desired qualifications include financial expertise, investigative nature, knowledge of banking regulations, familiarity with financial crimes, interview techniques, and investigative practices, and the ability to develop and present reports.

Work Schedule

• Hybrid: 4 days in office, 1 day work from home.
• Hours - 8:30 - 5:30

Firstrust Bank is an Equal Opportunity Employer

Firstrust Bank provides equal employment opportunity without regard to race, color, creed, sex (including pregnancy), age, gender, (including gender nonconformity and status as a transgender or transsexual individual), physical or mental disability, religion, national origin, genetics, marital status, veteran's status, ancestry, citizenship, sexual orientation, or other characteristics protected by applicable law. This policy applies to all areas of employment, including, without limitation, recruitment, hiring, training and development, promotion, transfer, termination, compensation, benefits, and all other conditions and privileges of employment in accordance with applicable federal, state and local laws.