BSA Governance Analyst Sr

Flagstar Bank; New York (NY); Remote; USD 73,000 - 117,000; Full time

Job summary

A leading financial institution is seeking a Senior BSA Governance Analyst to oversee compliance with BSA/AML regulations. The role involves risk assessment, training program execution, and policy development to ensure adherence to federal and state laws. Candidates should have a strong background in compliance, analytical skills, and at least 5 years of relevant experience.

Qualifications

• Undergraduate degree or equivalent work experience required.
• 5+ years of experience in BSA/AML/OFAC position.

Responsibilities

• Execute BSA/AML and OFAC risk assessments to measure effectiveness of controls.
• Assist in BSA/AML training program implementation.
• Maintain understanding of regulatory changes and industry trends.

Skills

BSA/AML Compliance

Regulatory Knowledge

Analytical Skills

Communication Skills

Problem Solving

Organizational Skills

Education

Undergraduate Degree in Finance, Accounting, Business Management, Criminal Justice, or Compliance

Tools

Microsoft Office

Job description

2 weeks ago Be among the first 25 applicants

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 loss/risk to the Bank.

Position Title

BSA Governance Analyst Sr

Location

Work From Home NY, NY 11801

Job Summary

Pay Range: 73-117K

Job Responsibilities

1. 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 residual risks. Compiles and analyzes data and performs research as needed.
2. 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.
3. Gathers and analyzes data needed for the development of BSA Department’s risk and control self-assessments.
4. Gathers and assesses responses to self-identified issues to identify gaps and make recommendations.
5. Maintains an understanding of BSA/AML related regulatory changes and industry trends to ensure the Bank’s policies and procedures meet industry standards.
6. Contributes to 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.
7. 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 completes required compliance trainings. Responsible for maintaining compliance with applicable federal, state, and local laws and regulations.

Job Requirements

Required Qualifications:

• Undergraduate Degree (4 years or equivalent) or equivalent work experience in Finance, accounting, business management, criminal justice, financial analysis/investigations, and/or compliance.
• Minimum of 5+ Years of experience in a BSA/AML/OFAC position in a bank or financial services institution.

Preferred Qualifications

• ACAMS Certification or CFCS.

Job Competencies

• Excellent 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.
• In-depth knowledge of AML and OFAC compliance, as well as best practices and regulator expectations.
• Working knowledge of Banking and Lending products and services and core banking systems such as teller transactions and accessing customer transaction histories.
• Strong interpersonal, verbal, and written communication skills, with the ability to provide constructive feedback.
• Highly developed analytical and problem-solving skills.
• Good organizational skills.
• High accuracy and attention to detail.
• Proficiency in Microsoft Office and advanced computer literacy skills.
• Ability to work collaboratively in a team-oriented environment to improve analytical and reporting processes.
• Ability to meet deadlines and manage multiple tasks in a fast-paced environment.
• Ability to understand and draw conclusions from research conducted.

Additional Information

• 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.