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Webster Bank · 1 day ago

Senior Analyst BSA-2

Southington, CT

Full-time

Onsite

Mid, Senior Level

$75K/yr - $85K/yr

Webster Bank is a leading commercial bank focused on serving clients and supporting communities. The Senior Analyst BSA is responsible for performing complex financial forensic reviews to detect suspicious activities and ensure compliance with financial regulations.

Banking

Responsibilities

Exhibits independent responsibility and autonomy in their daily tasks; ensuring timely resolution of alerts, cases and other assignments

Maintain top levels of production and quality while taking on growth opportunities and challenging/complex work tasks

Monitors client transactions across multiple delivery channels to identify trends and patterns of suspicious activity and financial crimes and takes appropriate action

Recommends closure of accounts deemed risky or suspicious

Demonstrates masterly level knowledge of BSA/AML compliance during their duties; including but not limited to, BSA, U.S.A. Patriot Act, CIP and OFAC regulations

Escalates to management potential high-risk clients, suspicious activity and related financial crimes to mitigate risks

Conduct reviews of junior level AML Analysts work product for quality and consistency prior to submission to Management

Assists in staff member development through training and mentoring

Qualification

BSA/AML complianceFinancial forensic analysisACAMS certificationAnalytical skillsCommunication skills

Required

Perform complex and detailed financial forensic reviews and analyses of client transactions and other financial statements to detect suspicious activity, money laundering patterns, U.S. Sanctions violations, KYC violations, adherence to CTR and MIR regulations, fraudulent activity, terrorist financing trends, anomalies, and other types of financial crimes

Prepare detailed investigation reports that logically outline investigative steps taken, research completed, recommendations and decisions made

Utilize analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations to recommend if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN)

Train junior level analysts

Exhibit independent responsibility and autonomy in daily tasks; ensuring timely resolution of alerts, cases and other assignments

Maintain top levels of production and quality while taking on growth opportunities and challenging/complex work tasks

Monitor client transactions across multiple delivery channels to identify trends and patterns of suspicious activity and financial crimes and take appropriate action

Recommend closure of accounts deemed risky or suspicious

Demonstrate masterly level knowledge of BSA/AML compliance during duties; including but not limited to, BSA, U.S.A. Patriot Act, CIP and OFAC regulations

Escalate to management potential high-risk clients, suspicious activity and related financial crimes to mitigate risks

Conduct reviews of junior level AML Analysts work product for quality and consistency prior to submission to Management

Assist in staff member development through training and mentoring

Knowledge of and experience with BSA (Bank Secrecy Act) and AML (Anti Money Laundering) regulations

Strong analytical, computer, presentation, and written and verbal communication skills

Bachelor's degree in Business, Accounting, Finance, Economics, Criminal Justice or related field

Experience in corporate compliance, banking, investigations or related BSA/AML field

ACAMS certification