Anlst, BSA

Webster Bank - Southington, CT

Full-time

Southington, CT

Credit Intermediation and Related Activities

About the position

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer. Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work! The Analyst BSA is required to perform complex and detailed financial forensic reviews and analyses of client transactions and other financial statements to detect suspicious activity, money laundering patterns, U.S. Sanctions violations, KYC violations, adherence to CTR and MIR regulations, fraudulent activity, terrorist financing trends, anomalies, and other types of financial crimes. The BSA Analyst is required to prepare detailed investigation reports that logically outline investigative steps taken, research completed, recommendations and decisions made. The BSA Analyst utilizes analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations to recommend if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCEN).

Responsibilities

• Exhibits independent responsibility and autonomy in their daily tasks; ensuring timely resolution of alerts, cases and other assignments.
• Monitors client transactions across multiple delivery channels to identify trends and patterns of suspicious activity and financial crimes and takes appropriate action.
• Recommends closure of accounts deemed risky or suspicious.
• Collect, evaluate and recommend whether supporting documentation is sufficient to validate the resolution of alerts and open cases. File SARs when necessary.
• Demonstrates BSA/AML compliance knowledge during their duties; including but not limited to, BSA, U.S.A. Patriot Act, CIP and OFAC regulations.
• Escalates to management potential high-risk clients, suspicious activity and related financial crimes to mitigate risks.

Requirements

• Bachelor's degree preferred in Business, Accounting, Finance, Economics, Criminal Justice or related field
• 3+ years of experience in corporate compliance, banking, investigations or related BSA/AML field.
• Knowledge of and experience with BSA (Bank Secrecy Act) and AML (Anti Money Laundering) regulations
• Strong analytical, computer, presentation, and written and verbal communication skills.
• ACAMS certification preferred.

Benefits

• Incentive compensation based on performance.