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First Foundation Inc. · 4 days ago

BSA Analyst II

Irvine, CA

Full-time

Hybrid

Senior Level

$60K/yr - $84K/yr

5+ years exp

First Foundation Inc. is a financial institution seeking a BSA Analyst II to monitor compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. The role involves assessing suspicious activity related to high-risk accounts, new account documentation, and ensuring adherence to OFAC regulations.

BankingFinancial ServicesWealth Management

No H1B

Responsibilities

Employee is responsible for adherence to all compliance programs and the completion of all required and assigned training by established due dates

Employee is responsible for understanding their duties and responsibilities as it relates to the Bank Secrecy Act, (“BSA”), Anti-Money Laundering Act (“AML”), and Office of Foreign Assets Control Regulations (“OFAC”). This includes understanding any responsibilities outlined under the Bank’s BSA/ OFAC Program, participating in any required training and promptly complying with all reporting requirements

Understands and complies with requirements of all laws and regulations applicable to the position

Monitor BSA software, reporting, and wire activity as it relates to BSA and AML to identify suspicious account activity

Responsible for Case Investigations and Enhanced Due Diligence(“EDD”) reviews for higher-risk clients

Analyze transactional data and alert monitoring to make determinations of irregular activity through an understanding of historical client activity and regulatory definitions of suspicious activity

Review, analyze, and assist in making risk rating decisions or changes on client accounts and relationships

Ensure the Bank complies with OFAC regulations. Monitors the Bank’s OFAC software system to ensure adherence to OFAC Policy and procedures

Research BSA regulatory issues and respond to compliance questions from Bank personnel, utilizing legal and regulatory reference materials and consulting with the BSA Manager

May attend outside training for BSA and OFAC

Have knowledge of and compliance with Bank policies, procedures, and regulations that govern job responsibilities

Attend and complete all required classroom, computer-based, web-based, and seminar training, as assigned

It is the individual responsibility of every employee to maintain current awareness and understanding of and to fully comply with the Bank’s “Code of Ethics and Conduct”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies, and procedures that are appropriate for his/her position

Perform other duties as assigned

Qualification

BSA complianceAML complianceCAMS certificationBanking experienceCore banking softwareMathematics knowledgeSpreadsheet skillsEnglish communication

Required

High School diploma or equivalent required; Bachelor's degree preferred

Minimum of 5 to 7 years of banking experience in retail, operations, compliance, or BSA setting required

Excellent command of the English language, both written and verbal, and the ability to effectively communicate with all levels within the organization

General Mathematics and Accounting knowledge

Must be able to assess any given situation and bring to a successful resolution

Must be experienced in the effective use of one or more core banking deposits and new account software

Must have satisfactory computer and spreadsheet skills