WSFS Bank

BSA Analyst II

WSFS Bank

full-time

Posted on:

Location Type: Office

Location: Philadelphia • Pennsylvania • United States

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Salary

💰 $45,250 - $74,338 per year

About the role

  • Identify unusual customer transaction patterns indicative of suspicious activity related to money laundering, terrorist financing, and/or other Bank related criminal activities
  • Conduct reviews of alerting activity trigged from the transaction monitoring system
  • Analyze inappropriate and/or fraudulent activity utilizing the Bank’s various software applications
  • Document and reach a proper conclusion that would mitigate the concern of the alerting activity
  • Escalate matters for further review if suspicious activity is found
  • Provide aid in the Bank’s compliance with Anti-Money Laundering laws and regulations, USA PATRIOT Act, and OFAC
  • Conduct analysis based on alerts triggered via the transactional monitoring system in a high-volume driven environment
  • Utilize a variety of analytical techniques and computer systems to make informed decisions concerning customer account status
  • Ensure that potentially unusual or suspicious transactions are appropriately identified, documented, and escalated
  • Complete and analyze more complex transaction patterns and review potential SAR activity
  • Complete currency transaction reports (CTRs)
  • Conduct sanction screening reviews on OFAC and other government watchlist screening alerts
  • Conduct analysis on other BSA related reports to detect potential suspicious activity
  • Ensure that the Bank’s internal policies and procedures are adhered to
  • Contact the lines of business for additional information as needed
  • Compile evidence and documentation in compliance with BSA/AML regulatory requirements
  • Maintain a current, thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.

Requirements

  • Bachelor’s Degree is preferred
  • Must have a minimum of 2 years of experience working with individual and/or business accounts
  • Must have a minimum 1-2 years of direct BSA experience
  • Familiarity of WSFS Bank products and services is preferred
  • Should have familiarity with branch or department account relationship activity
  • Some audit or compliance knowledge is helpful
  • Must have extensive knowledge of MS Work, Excel as well as prior experience using an anti-money laundering systems and/or transaction monitoring system
  • Must have the ability to analyze information as well as question and investigate results from program reports
  • Must have knowledge to review account activity and the ability to recognize or question activity beyond its normal scope
  • Requires assertiveness and the ability to work with and communicate with Associates and management in all Bank departments and within the entire corporation.
  • Must have excellent oral and written communication skills as well as good written, oral, and visual presentation skills.
Benefits
  • medical, dental, and vision coverage
  • a 401(k) plan
  • life, accident, and disability insurance
  • flexible spending accounts (FSAs) and health savings accounts (HSAs)
  • wellness programs
  • paid parental leave
  • military leave
  • vacation and other paid time off
  • sick leave in accordance with applicable state laws
  • paid holidays
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
transaction monitoringsuspicious activity analysisBSA complianceanti-money launderingsanction screeningcurrency transaction reportsanalytical techniquesaccount activity reviewfraud detectionreport analysis
Soft Skills
analytical skillscommunication skillsassertivenessinvestigative skillsinterpersonal skillsorganizational skillsproblem-solving skillsattention to detailcollaborationpresentation skills