BSA Policy & Governance Analyst

Centennial Bank - Conway, AR

Full-time - Mid Level

Conway, AR

Credit Intermediation and Related Activities

About the position

The Bank Secrecy Act (BSA) Policy & Governance Analyst plays a crucial role in developing, enhancing, and maintaining governance-related tasks associated with BSA, AML, and OFAC compliance. This position involves evaluating regulatory changes, conducting risk assessments, and supporting the Enterprise AML Group in improving controls and processes. The analyst will also be responsible for creating training materials and providing guidance to business staff and senior management on compliance matters.

Responsibilities

• Analyzes BSA/AML and OFAC risk metrics associated with clients and products/services.
• Researches BSA/AML and OFAC risks related to new and existing products and services.
• Assesses BSA/AML and OFAC risks in current and new bank initiatives, providing guidance to staff and management.
• Collaborates with BSA Strategy and Analytics to perform threat analysis and update risk assessments as needed.
• Gathers and analyzes documentation from Annual LOB Risk Assessment Surveys.
• Assists in developing and maintaining Enterprise BSA/AML policies and procedures.
• Tracks and maintains annual certifications for third parties involved in the BSA program.
• Participates in the development and maintenance of the BSA/AML and OFAC training program.
• Analyzes Quality Assurance Program Reports to identify policy or training gaps.
• Creates training materials on regulatory updates and industry developments.
• Supports Lines of Businesses and BSA Department by providing clarifications on rules and regulations.
• Completes required Annual BSA AML training and other compliance training as assigned.
• Maintains a constant state of alertness and safety while performing duties.
• Performs any other related duties as required.

Requirements

• Bachelor's degree in Criminal Justice, Banking Compliance/AML Specialized, Political Science, Mathematics, or Economics.
• 4 years of related experience in a financial institution, focusing on BSA, AML, USA PATRIOT Act, FinCEN, OFAC, and related regulations.
• Strong written and oral communication skills.
• Ability to analyze and interpret complex regulations and provide guidance.
• Proficient in Word processing, with intermediate skills in Presentation/PowerPoint and Spreadsheet software.

Nice-to-haves

• Certified Anti-Money Laundering Specialist (CAMS) Certification.
• Certified Global Sanctions Specialist (CGSS).
• Certified AML and Fraud Professional (CAFP).

Benefits

• Health insurance coverage.
• Paid holidays and vacation time.
• 401k retirement savings plan.