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Genesee Regional Bank · 15 hours ago

BSA AML Analyst

Rochester, New York Metropolitan Area

Full-time

Onsite

Entry, Mid Level

2+ years exp

Genesee Regional Bank is seeking a BSA AML Analyst to support compliance with the Bank Secrecy Act and Anti-Money Laundering regulations. The role involves monitoring and investigating suspicious activity, preparing reports, and maintaining the integrity of the Bank’s BSA/AML Program.

AssociationCommunitiesNon ProfitReal Estate

Growth Opportunities

Hiring Manager

Danielle Wells

Responsibilities

Monitor daily transaction activity to identify suspicious patterns, including structuring, kiting, and other red flags

Review and investigate alerts generated by transaction monitoring systems

Prepare and file Suspicious Activity Reports (SARs) (including 90-day follow-up reviews) and Currency Transaction Reports (CTRs) in accordance with regulatory deadlines

Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for high-risk customers. EDD reviews require research, the gathering of documents, composing a well written narrative and making appropriate recommendations and assigning appropriate risk factors

Review and track completion of High-Risk Customer Site Visits

Maintain current knowledge of BSA, AML, OFAC, USA PATRIOT Act, and NYSDFS regulations

Assist in the development and maintenance of BSA/AML policies, procedures, and risk assessments

Support internal and external audits and regulatory examinations by providing requested documentation and responses

Assist in the compliance of 314(a) information sharing processes responsibilities

Monitor OFAC screening results and escalate potential matches appropriately

Provide training and guidance to bank staff on BSA/AML compliance matters

Maintain accurate and organized documentation of investigations, reports, and compliance activities

All other duties as assigned, including but not limited to fraud identification & management and physical security responsibilities of the Risk Department

Qualification

BSA/AML complianceRegulatory knowledgeTransaction monitoringBSA/AML certificationBSA/AML softwareAttention to detailWritten communicationVerbal communicationInterpersonal skillsOrganizational skillsTime management

Required

Associates Degree and a minimum of 2 years of experience in BSA/AML compliance, or the equivalent combination of education and experience

Strong knowledge of federal and state banking regulations, including FDIC and NYSDFS requirements

Excellent attention to detail

Proficiency in BSA/AML software and Microsoft Office Suite or ability to learn

Excellent written and verbal communication skills

Ability to work independently and collaboratively in a fast-paced environment

Ability to research, collect and analyze complex or diverse information

High level of integrity and discretion in handling confidential information

Provide a remarkable client experience. Greet clients with warmth, genuine interest and a smile

Lead by example. Identify current or potential problems, take ownership and see them through to resolution

Act as a unified team. Possess strong interpersonal skills including the ability to proactively communicate with and help others, within and across departments