Senior Bank Secrecy Act (BSA) Analyst

Summary: Dime Community Bank ("Dime") is currently hiring for a Senior Bank Secrecy Act (BSA) Analyst at its Headquarters in Hauppauge, Long Island. The Senior BSA Analyst will assist the BSA Manager in the administration of the Bank’s BSA/AML/OFAC program. Responsible for independently performing analysis of complex financial transactions and providing a recommendation to the BSA Manager as to whether a Suspicious Activity Report (SAR) should be filed. Ideal candidates will have experience in analyzing alerts for high-risk customers, including, but not limited to: Alternative Investments (e.g., hedge funds), non-U.S./Internationally focused businesses, Non-Bank Financial Institutions.

Salary commensurate with experience, ranging from $70,000 to $80,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.

All applicants must attach a recent resume. This is not a remote role.

Responsibilities:

• Review and evaluate the Transaction Monitoring system’s alerts (including related modules) for Low, Medium, and High-Risk accounts as assigned and directed.


• Review and evaluate customer transactions upon referral from other Bank departments (UARs), or as otherwise directed.


• Contact branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious.


• Identify and refer potentially suspicious activity for further investigation by grouping the suspect transactions and gathering supporting documentation.


• Complete investigations of potentially unusual or suspicious transactions by preparing and/or finalizing an investigation narrative and gathering supporting documentation in accordance with departmental guidelines.


• Prepare SARs in accordance with departmental procedures and templates.


• Justify alerts and UARs that are not deemed suspicious with detailed narrative in accordance with departmental guidelines.


• Perform additional due diligence and analysis as required for high-risk customers, and as otherwise directed by the Senior BSA Manager.


• Perform quarterly Customer Identification Program (CIP) quality assurance reviews and report any systemic issues to BSA Management.


• Perform Annual CTR Exemption reviews as directed and in accordance with department procedures.


• Perform quality assurance reviews of prepared CTRs prior to filing.


• Assist in maintaining departmental policies and procedures.


• Provides guidance and quality assurance for BSA Analysts and Associate BSA Analysts as needed.


• Assist with BSA/AML Compliance training development and updates for new employees and other Bank departments.


• Gather and provide data for quarterly Compliance Committee of the Board reports and updating of the Bank’s BSA/AML and OFAC Risk Assessments.


• Handle any other duties or special projects as assigned by BSA Management.

Qualifications:

• Bachelor’s degree or equivalent job experience required.


• Minimum five years’ experience in the financial services industry, of which at least three years must be BSA/AML/OFAC compliance analysis and investigation experience.


• General understanding of BSA/AML and OFAC laws, regulations, and guidance.


• Ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential.


• Experience in analyzing alerts for high-risk customers, including, but not limited to: Alternative Investments (e.g., hedge funds), non-U.S./Internationally focused businesses, Non-Bank Financial Institutions.


• Must exhibit the ability to work both independently and in a team-oriented environment.


• Ability to work with other business units in a professional manner.


• Strong transactional research, analytical, multitasking, and problem-solving skills required.


• Excellent communication (verbal and written), organizational, and follow-up skills are necessary.


• Strong knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint).


• CAMS certification a plus.