BSA Analyst II

Shore United Bank; Centreville (MD); On-site; USD 33,000 - 39,000; Full time

Benefits offered by this job

Health benefits

401k plan

Paid time off

Education assistance

Employee stock purchase plan

Parental leave

Disability insurance

Wellness programs

Job summary

Shore United Bank seeks a full-time BSA Analyst II to support the BSA Officer in researching and reporting activity believed to be suspicious, including potential structuring, money laundering, or terrorist financing, to ensure compliance with the Bank Secrecy Act and USA Patriot Act.

The role involves monitoring alerts, reviewing CTRs and SAR referrals, maintaining up-to-date BSA/AML policies, and documenting findings clearly.

Qualifications

• 2+ years' banking/BSA/AML experience.
• Proficient in Word and Excel.
• Strong written and oral communication skills.
• Excellent analytical and attention to detail.

Responsibilities

• Monitor and investigate potentially suspicious activity daily.
• Maintain knowledge of BSA regulatory mandates.
• Document findings concisely and accurately.
• Review CTRs and SAR referrals as needed.
• Assist in maintaining up-to-date BSA/AML policies.

Skills

BSA knowledge

Microsoft Excel

Written communication

Analytical skills

Time management

Education

High school diploma/GED

Tools

Verafin

Microsoft Word

Job description

Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.

Shore United Bank is hiring a full-time BSA Analyst II to join our team. The BSA Analyst supports the BSA Officer, by assisting in performing various quality control reviews. The BSA Analyst is responsible for researching, analyzing and reporting any activity believed to be associated with unusual and suspicious account activity. This includes but is not limited to potential structuring, money laundering or terrorist financing, to ensure the bank is in compliance with the Bank Secrecy Act and USA Patriot Act. The BSA Analysts are responsible for identification of unusual transactions and escalating incidents when necessary to the BSA Officer, in a timely and accurate manner. The BSA Analyst will monitor the daily alerts, currency transaction reports, and other duties as needed to assist on investigation and ongoing reporting.

What You'll Do:

• Responsible for day-to-day monitoring and/or investigation of potentially suspicious activity.
• Maintains knowledge of BSA aspects of Compliance regulatory mandates, discretion of highly confidential information, and adherence to sensitive timeline.
• Document findings in concise, detailed and accurate manner, consistent with policy procedure and enhanced due diligence.
• Reviews daily large currency transaction report and CTRs for accuracy. Performs research on suspicious activity.
• Assists in reviewing and researching any SAR referrals, as well as maintaining the documentation.
• Assists BSA Officer in ensuring all BSA/AML, OFAC, CIP policies and procedures are up to date and followed on a consistent basis.
• Review and research daily alerts in Verafin.
• Supports other Bank staff as necessary.
• Reviews CIP information/documentation that pertains to BSA for accuracy and completion.
• Assists in identifying and evaluating the bank's risk area.
• Facilitates collection of audit materials required by BSA compliance co-sourced audit partners and regulatory examination groups and transfer materials to appropriate electronic portal.
• Completes required regulatory compliance training as assigned on or before the deadlines.
• Review and collect account data for High Risk and exempt customers, to compare and analyze information from previous to current review periods.
• Performs daily, monthly, quarterly, semi-annual, and annual monitoring of BSA program.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
• Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.

Location:

• Westgate Building - 200 Westgate Circle, Suite 200, Annapolis, MD 21401
• Downtown La Plata Branch - 202 Centennial St., La Plata, MD 20646

Position Type/Expected Hours of Work:

• Full-time.
• Non-exempt.
• Days of Work: Monday-Friday.

Required Education and Experience:

• High school diploma/GED equivalent.
• Minimum 2 years' of extensive knowledge in banking and regulations, with prior experience in a BSA, KYC, or AML function.
• Proficiency in Microsoft applications, particularly Word and Excel.
• Proven time management and organizational skills, as well as effective written and oral communication skills.
• Must have demonstrated and be comfortable making critical decisions in a time sensitive and regulatory mandated environment.
• Ability to work independently but cohesively within a team of specialized associates, with high integrity and ethics.
• Exceptional analytical skills, judgement, attention to detail and ability to prioritize tasks and work under pressure.

Compensation:

• The pay range for this position is $24.00 to $28.00 hourly.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

Company Benefits:

• Join a family- and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
• Comprehensive benefits package for full-time, permanent employees including health, dental, vision, company-paid life insurance, mental health well-being, company paid short-term and long-term disability, and much more!
• Paid parental leave
• 401k savings plan with up to a 4% company match
• Employee Stock Purchase Plan
• Education Assistance
• Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
• Opportunity for growth and advancement
• Paid training program and continuous training sessions throughout the year on various topics
• Generous paid time off and paid sick time
• Community involvement opportunities

Employment offers are contingent upon the successful completion of a pre-employment screening, which includes a background check, credit check, verification of employment history, and any other screenings required for the position.

Shore United Bank is an Affi... E-Verify participant.