BSA Analyst I
What The Role Is
The position will perform CTR Exemption Reviews by conducting transaction analysis, internet research, negative news search, contact branch personnel for additional information, determining, based on account activity, if the account is transacting as expected for the entity type, etc. The position will also review and analyze customer information and activity compliance with global sanctions screening using an automated OFAC monitoring system and email notification from other banking personnel. The position will assist with anti-money laundering compliance initiatives by providing support to the BSA Manager. This is an entry level position.
How You Will Make An Impact
Review for current and new CTR exemptions.
Perform annual CTR exemption reviews as directed and in accordance with the department Procedures
Conduct in-depth research into customer accounts, properly document findings and communicate with account officers requesting information to ascertain if activity is permissible by regulation on both OFAC and CTR exemptions reviews.
Conducts investigations to appropriately resolve potential matches generated by the Banks OFAC screening software on both the customer and transaction level.
Acts as point of contact for all escalations by the business lines related to OFAC matters.
Review new accounts and/or customer profile updates, which are screened against Office of Foreign Assets Control (OFAC) lists through the Banks OFAC systems.
Thoroughly document findings in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors, and regulator examiners.
Adheres to Bank policies and procedures and completes required training.
Identifies and reports unusual activity to the UAR mailbox.
Review information provided by the various lines of business for possible OFAC matches, as well as wire transfers to ascertain compliance requirements.
Participate in all team meetings.
Who You Are
High School Diploma, GED, or equivalent banking experience
Bachelors Degree in Business, Finance or other related discipline or equivalent banking experience, preferred
Industry certification preferred (Certified Anti-Money Laundering Specialist (CAMS)
Minimum of 2 years banking experience, experience in Sanctions reviews and investigative experience
Excellent analytical, oral, and written communication skills
Able to communicate effectively with staff at all levels
Must demonstrate strong research skills, with attention to details
Must be well organized with the ability to manage multiple projects and manage deadlines
Proactive and must be able to work independently
Willing to attend continuing professional education in BSA/AML compliance
Regular and reliable attendance
Works cooperatively with others
Remote within Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, and Texas.
If your experience aligns with this description, please consider applying. Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations. We believe that a diverse workforce creates problem-solving and creative thinking, which is why were dedicated to adding new perspectives to the team and encourage everyone to apply.
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
#LI-RF1
Education
Required
Bachelors or better
High School or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c)
Apply Now
The position will perform CTR Exemption Reviews by conducting transaction analysis, internet research, negative news search, contact branch personnel for additional information, determining, based on account activity, if the account is transacting as expected for the entity type, etc. The position will also review and analyze customer information and activity compliance with global sanctions screening using an automated OFAC monitoring system and email notification from other banking personnel. The position will assist with anti-money laundering compliance initiatives by providing support to the BSA Manager. This is an entry level position.
How You Will Make An Impact
Review for current and new CTR exemptions.
Perform annual CTR exemption reviews as directed and in accordance with the department Procedures
Conduct in-depth research into customer accounts, properly document findings and communicate with account officers requesting information to ascertain if activity is permissible by regulation on both OFAC and CTR exemptions reviews.
Conducts investigations to appropriately resolve potential matches generated by the Banks OFAC screening software on both the customer and transaction level.
Acts as point of contact for all escalations by the business lines related to OFAC matters.
Review new accounts and/or customer profile updates, which are screened against Office of Foreign Assets Control (OFAC) lists through the Banks OFAC systems.
Thoroughly document findings in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors, and regulator examiners.
Adheres to Bank policies and procedures and completes required training.
Identifies and reports unusual activity to the UAR mailbox.
Review information provided by the various lines of business for possible OFAC matches, as well as wire transfers to ascertain compliance requirements.
Participate in all team meetings.
Who You Are
High School Diploma, GED, or equivalent banking experience
Bachelors Degree in Business, Finance or other related discipline or equivalent banking experience, preferred
Industry certification preferred (Certified Anti-Money Laundering Specialist (CAMS)
Minimum of 2 years banking experience, experience in Sanctions reviews and investigative experience
Excellent analytical, oral, and written communication skills
Able to communicate effectively with staff at all levels
Must demonstrate strong research skills, with attention to details
Must be well organized with the ability to manage multiple projects and manage deadlines
Proactive and must be able to work independently
Willing to attend continuing professional education in BSA/AML compliance
Regular and reliable attendance
Works cooperatively with others
Remote within Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, and Texas.
If your experience aligns with this description, please consider applying. Many skills are transferable among industries and a passion for the role and willingness to learn are important considerations. We believe that a diverse workforce creates problem-solving and creative thinking, which is why were dedicated to adding new perspectives to the team and encourage everyone to apply.
The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities. Cadence Management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
Cadence Bank is an affirmative action/equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, status as a protected veteran, among other things, or status as a qualified individual with disability.
#LI-RF1
Education
Required
Bachelors or better
High School or better
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c)
Apply Now