BSA Governance Analyst

CFA Institute; New York (NY); Remote; USD 64,000 - 102,000; Full time

Job summary

An established industry player is seeking a BSA Governance Analyst to enhance their BSA/AML compliance program. This role involves conducting risk assessments, developing policies, and ensuring adherence to regulatory standards. With a focus on analytical skills and attention to detail, the successful candidate will contribute to a collaborative team environment. This position offers an opportunity to work from home, providing flexibility while playing a crucial role in maintaining compliance and mitigating risks within the organization. If you have a passion for finance and compliance, this position is an excellent opportunity for growth.

Qualifications

• 3+ years of experience in BSA/AML/OFAC in banking.
• Undergraduate degree in finance, accounting, or related field.

Responsibilities

• Maintain BSA/AML compliance program and assist with audits.
• Conduct risk assessments and analyze data for compliance.
• Develop and update BSA/AML policies and procedures.

Skills

BSA/AML Compliance

Risk Assessment

Data Analysis

Regulatory Compliance

Analytical Skills

Communication Skills

Attention to Detail

Team Collaboration

Education

Undergraduate Degree in Finance or related field

Tools

Microsoft Office

Job description

Position Title
BSA Governance Analyst

Location
Work From Home NY, NY 11801

Job Summary
Pay Range: 64-102K

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

JOB SUMMARY

The BSA Governance Analyst is responsible for maintaining certain aspects of the Bank's BSA/AML compliance program and assists in meeting and maintaining BSA/AML compliance requirements of the Bank. Complies with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), as well as adhering to the Bank's policies and procedures to reduce loss/risk to the Bank.

Responsible for applying subject matter knowledge to assist with the development and maintenance of effective BSA/AML/OFAC policies and procedures, performing annual risk assessments, maintaining the BSA/AML/OFAC training program, and assisting with regulatory examinations and internal audit reviews.

JOB RESPONSIBILITIES

• Participates in the execution of the BSA/AML and OFAC risk assessments to objectively measure the effectiveness of existing controls, evaluate risk mitigation efforts, and determine residuals risks. Compiles and analyzes data and performs research as needed.
• Assists in the implementation, maturation, and execution of the Bank's enterprise wide BSA/AML and OFAC training program in accordance with FinCEN and FFIEC regulations and guidance.
• Gathers and analyzes data needed for the development BSA Department's risk and control self-assessments.
• Gathers and assesses responses to self-identified issues to identify gaps and make recommendations.
• Maintains an understanding of BSA/AML related regulatory changes and industry trends to ensure the Bank's policies and procedures meet industry standards.
• Assists with the development and periodic update of all BSA/AML policies and procedures to ensure the Bank is adhering fully with all applicable rules, regulations, and guidance.
• Compiles responses for internal audit reviews, regulatory examinations, and the development of committee presentations.

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

Required Qualifications:

• Education level required: Undergraduate Degree (4 years or equivalent) or equivalent work experience in Finance, accounting, business management, criminal justice, financial analysis/investigations, and/or compliance.
• Minimum experience required: 3+ Years of experience in a BSA/AML/OFAC position in a bank or financial services institution.

Preferred Qualifications:

• ACAMS Certification or CFCS

Job Competencies:

• Knowledge and understanding of BSA/AML, OFAC, and USA PATRIOT Act regulations with the ability to interpret the laws and implement into the Bank's Policies and Procedures.
• Knowledge of AML and OFAC compliance, as well as best practices and regulator expectations.
• Working knowledge and understanding of Banking and Lending products and services and core banking systems such as teller transactions and accessing customer transaction histories.
• Interpersonal, verbal and written communications skills, with the ability to provide constructive feedback.
• Highly developed analytical and problem-solving skills.
• Good organizational skills.
• High degree of accuracy and attention to detail.
• Advanced computer literacy skills with proficiency in Microsoft Office.
• Ability to work and contribute in a team-oriented and collaborative environment to improve the analytical and reporting processes.
• Ability to meet deadlines and manage multiple tasks and projects in a fast-paced environment.
• Ability to understand and draw conclusions from research conducted.
• Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.