Southern Bank and Trust Company · 1 day ago
BSA Analyst
Mount Olive - Operations Center, Mount Olive, NC, US
Full-time
Onsite
Entry, Mid Level
2+ years expSouthern Bank and Trust Company is seeking a BSA Analyst responsible for ensuring the Bank’s compliance with the Bank Secrecy Act (BSA) and OFAC. The role involves analyzing data, identifying suspicious activities, and supporting branch personnel related to BSA compliance.
Angel InvestmentBankingFinanceFinancial ServicesReal Estate InvestmentVenture CapitalWealth Management
Responsibilities
Independently analyze and decision BSA-related exceptions (e.g. continuous software transaction monitoring alerts-including high-risk scenarios, OFAC matches, SARs, etc.) in a timely manner within daily, weekly, monthly, quarterly, and annually set timelines
Utilize BSA/AML software to identify data patterns consistent with suspicious activity and/or in conflict with expected customer volume
Make logical judgment conclusions to independently determine any appropriate BSA-related action (e.g. identification of suspicious activity requiring Suspicious Activity Report filing, identification of risk requiring Enhanced Due Diligence monitoring, etc.) based on internal and external resources
Onboard moderate to complex BSA documentation into BSA/AML software and analyze to identify trends in order to ensure compliance, identify exceptions or report suspicious activity as appropriate
Maintain up-to-date knowledge of all BSA-related regulations and trends thru ongoing continuing education via webinars, seminars, internal training, independent education, etc
Provide daily support for all branch and departmental personnel related to the BSA
Develop and modify Bank forms to ensure all required BSA information has been properly documented
Participate in regulatory examinations
Perform other duties as assigned
Qualification
Required
Strong analytical skills with attention to detail and ability to identify, interpret, and elevate critical information from detailed documentation, ability to utilize risk-based decision-making methodology
Ability to recognize and focus on critical data details to identify and think through issues to make logical conclusions
Ability to make sound decisions within proper authority and use good judgment based on authority vested by Compliance Officer and Bank policy and procedures; know when to refer situations to a higher authority
Ability to work in a high-information, high-responsibility, frequently changing environment
Ability to work independently with limited supervision and to plan and organize daily workflow to achieve set objectives and deadlines
Excellent initiative and drive skills, proactive teamwork, cooperation, and interpersonal skills
Excellent oral and written communication skills, ability to communicate effectively with a broad base of internal/external customers
Strong organizational, multi-tasking and prioritizing skills needed to facilitate BSA compliance
Possess the necessary interpersonal skills to communicate effectively and maintain a friendly, courteous, and professional demeanor at all times
Minimum of two to five years financial services experience, preferably in a deposit-related role
Knowledge of BSA and OFAC regulations and/or related requirements, including reporting and record filing requirements
Experience in investigation procedures
Associate's degree or equivalent experience
Capable user of Southern Bank computer systems and technology, including word-processing, spreadsheets, Internet and internal software
Company
Southern Bank and Trust Company
Southern Bank and Trust Company is a banking firm that offering financial and investment services.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
D
David Sauls
EVP / Chief Financial Officer
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