Ponce Bank · 6 days ago
BSA Representative
Bronx, NY
Full-time
Onsite
Entry Level
$43K/yr - $50K/yr
1+ years expPonce Bank is committed to safeguarding against financial crimes and ensuring compliance with regulatory standards. The BSA Representative plays a critical role in maintaining the integrity of the Bank’s operations by ensuring adherence to BSA, AML, OFAC, and related regulations while performing various compliance-related tasks.
BankingFinancial ServicesLending
Responsibilities
Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, AML, OFAC, and CIP
Performs daily review, monitoring, reporting and quality assurance of New Account Memorandums
Perform daily review monitoring, reporting and quality assurance of Certification of Beneficial Ownership processes
Prepare and file Currency Transaction Reports (CTRs) in compliance with regulatory requirements
Assist in Know Your Customer (KYC) and OFAC clearance for new account applications
Perform quality assurance reviews on KYC procedures and digital product offerings
Input data into automated monitoring systems to ensure compliance with Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) requirements
Assist in retrieving documentation and providing necessary information during audits and examinations. Compile, review, and submit BSA-related reports as requested
Provide BSA, AML, OFAC and CIP compliance support across the organization; interacts with Bank personnel pertaining to such issues
Support the BSA department by preparing reports, maintaining records, and performing clerical tasks as needed
Assist staff with daily tasks, operations, and quality control to ensure optimal resource utilization
Address inquiries via telephone and direct calls to appropriate Bank personnel
Follow Bank policies and procedures while contributing to departmental and organizational goals
Assures adherence to Bank policies and procedures and federal and state regulatory requirements
Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed
Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances
Qualification
Required
Associate's, bachelor's degree, or equivalent, in business, finance, accounting, or a related field
A minimum of 1-2 years' related experience normally required; experience with analyzing financial transactions, preparing compliance reports, and interacting with regulatory auditors preferred
Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, AML, OFAC, and CIP
Performs daily review, monitoring, reporting and quality assurance of New Account Memorandums
Perform daily review monitoring, reporting and quality assurance of Certification of Beneficial Ownership processes
Prepare and file Currency Transaction Reports (CTRs) in compliance with regulatory requirements
Assist in Know Your Customer (KYC) and OFAC clearance for new account applications
Perform quality assurance reviews on KYC procedures and digital product offerings
Input data into automated monitoring systems to ensure compliance with Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) requirements
Assist in retrieving documentation and providing necessary information during audits and examinations
Compile, review, and submit BSA-related reports as requested
Provide BSA, AML, OFAC and CIP compliance support across the organization; interacts with Bank personnel pertaining to such issues
Support the BSA department by preparing reports, maintaining records, and performing clerical tasks as needed
Assist staff with daily tasks, operations, and quality control to ensure optimal resource utilization
Address inquiries via telephone and direct calls to appropriate Bank personnel
Follow Bank policies and procedures while contributing to departmental and organizational goals
Assures adherence to Bank policies and procedures and federal and state regulatory requirements
Provides cross-functional support to other areas of the department and the Bank where service or assistance is needed
Performs tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances
Clearly communicates in English, both written and verbal, with attention to detail in documentation and reporting
Proficient in basic mathematics, financial calculations, and data entry to support compliance reviews and reporting
Proficient interpersonal relations while maintaining confidentiality and professionalism
Thorough understanding of BSA, AML, OFAC, and other relevant regulations; ability to interpret and apply compliance guidelines accurately
Ability to analyze financial transactions, detect patterns, identify unusual or suspicious activities, and provide actionable insights
Organizational skills with the ability to multitask
Proficient PC skills, including Microsoft Office and compliance systems/software for monitoring and reporting activities
Preferred
Experience with analyzing financial transactions, preparing compliance reports, and interacting with regulatory auditors preferred
Company
Ponce Bank
Ponce Bank is a banking institution that offers personal banking and lending solution for economic development.
51-200 employees
Funding
Current Stage
Public CompanyTotal Funding
$3.72MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $3.72M
2017-10-06IPO
Leadership Team
Carlos Naudon
President & CEO
Recent News
2026-01-05
Ponce Financial Group, Inc.
2025-10-24
Ponce Financial Group, Inc.
2025-10-23
Company data provided by crunchbase