Open Bank

Analyst

• Handle and implement internal examinations, investigations, and inspections.
• Independently inspect records and documents of accounts to ensure they are in compliance with current Bank’s policies and procedures.
• Independently review high risk customers, products, and services offered by the Bank.
• Complete, review, and approve Currency Transaction Reports for accuracy and submission.
• Handle account review and SAR case assignments.
• Prepare case write up report and recommend whether to file a SAR or not with minimum supervision.
• Compile the SAR narratives and prepare SAR for filing purposes.
• Conduct Quality Control/Assurance on Alerts, SARs, EDDs, CTRs and OFAC related tasks.
• Identifies areas of risk and make recommendations on operational improvements, processes for compliance, quality assurance and any additional training essential to mitigate risk.
• Researches and analyzes testing results or issues, training, reads literature in order to become more knowledgeable about current banking, regulatory and audit issues, and performs other tasks as necessary to carry out daily responsibilities; maintains expertise in areas of testing.

AVP, Senior BSA Analyst

Vice President

• Manage and supervise the BSA staff and assure Bank compliance with the Bank Secrecy Act, USA PATRIOT Act, OFAC, and other applicable laws.
• Keep Board of Directors and Senior Management informed on new BSA requirements and present reports on BSA activities timely.
• Function as the subject matter expert for BSA/AML & OFAC compliance.
• Review and update policies and procedures associated with BSA/AML/OFAC and related operating processes across departments.
• Drive implementation of policies, procedures, and controls to prevent money laundering and ensure OFAC sanctions compliance.
• Ensure BAM software, OFAC screening software, and OFAC database are functioning as intended.
• Maintain infrastructure to support OFAC sanctions and regulatory control lists and provide guidance in decision making.
• Coordinate and administer employee BSA training and monitor its effectiveness.
• Ensure all BSA-related reporting and filing is completed timely and accurately.
• Oversee dissemination of BSA/AML/OFAC laws through the Bank.
• Coordinate and respond to the Bank’s annual internal BSA audit and the Safety and Soundness Exam for the BSA portion.

SVP, BSA Manager

• Conduct all aspects of monitoring activities relating to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and OFAC compliance.
• Handle and implement internal examinations, investigations, and inspections.
• Independently inspect records and documents of accounts to ensure compliance with current Bank policies and procedures.
• Independently review high risk customers, products and services offered by the Bank.
• Complete, review, and approve Currency Transaction Reports (CTRs) for accuracy and submission.
• Independently prepare case write-up reports and recommend whether to file a Suspicious Activity Report (SAR) with minimum supervision.
• Ensure timely implementation of new procedures in compliance with changes in laws and regulations related to BSA/AML/OFAC.