BSA Governance Analyst Sr

Flagstar Bank, N.A.; City of Albany (NY); Remote; USD 73,000 - 117,000; Full time

Job summary

A leading financial institution is seeking a Senior BSA Governance Analyst to maintain compliance with BSA/AML regulations. The role involves risk assessments, policy development, and training implementation to ensure adherence to regulatory standards. Candidates should have a strong background in compliance and relevant experience in financial services.

Qualifications

• 5+ years of experience in a BSA/AML/OFAC role.
• Undergraduate Degree or equivalent experience in relevant fields.

Responsibilities

• Execute BSA/AML and OFAC risk assessments.
• Implement and execute BSA/AML training programs.
• Develop and update BSA/AML policies and procedures.

Skills

Communication

Analytical

Problem Solving

Organizational

Education

Undergraduate Degree

Tools

Microsoft Office

Job description

Position Title

BSA Governance Analyst Sr

Location

Work From Home NY, NY 11801

Job Summary

Pay Range: 73-117K

JOB SUMMARY

The Senior 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 (e.g., Bank Secrecy Act, USA PATRIOT Act), as well as adhering to the Bank's policies and procedures to reduce risk to the Bank.

Responsible for applying subject matter expertise 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

1. Participate in executing BSA/AML and OFAC risk assessments to evaluate the effectiveness of controls, risk mitigation efforts, and residual risks. Compile and analyze data and conduct research as needed.
2. Assist in implementing, maturing, and executing the Bank's enterprise-wide BSA/AML and OFAC training programs in accordance with FinCEN and FFIEC regulations and guidance.
3. Gather and analyze data for BSA Department's risk and control self-assessments.
4. Assess responses to self-identified issues to identify gaps and make recommendations.
5. Stay informed on BSA/AML regulatory changes and industry trends to ensure policies and procedures meet industry standards.
6. Contribute to the development and periodic update of all BSA/AML policies and procedures to ensure full compliance with applicable rules, regulations, and guidance.
7. Compile responses for internal audit reviews, regulatory examinations, and develop committee presentations.

Additional Accountabilities

• Perform special projects and additional duties as required.
• Maintain compliance with all applicable laws and complete required compliance trainings.

Job Requirements

Required Qualifications

• Undergraduate Degree or equivalent work experience in relevant fields such as Finance, Accounting, Business Management, Criminal Justice, Financial Analysis/Investigations, or Compliance.
• Minimum of 5+ years of experience in a BSA/AML/OFAC role within a bank or financial services institution.

Preferred Qualifications

• ACAMS Certification or CFCS.

Job Competencies

• Strong knowledge of BSA/AML, OFAC, and USA PATRIOT Act regulations, with the ability to interpret and implement into policies and procedures.
• Deep understanding of AML and OFAC compliance, industry best practices, and regulator expectations.
• Knowledge of banking products, services, and core banking systems.
• Excellent communication skills, both verbal and written.
• Strong analytical and problem-solving skills.
• Good organizational skills and high attention to detail.
• Proficiency in Microsoft Office and advanced computer literacy.
• Ability to work collaboratively and meet deadlines in a fast-paced environment.
• Ability to conduct research and draw conclusions.

Physical demands (ADA): No unusual physical exertion involved.

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