POSITION PURPOSE:
The BSA Quality Assurance (“QA”) Lead Analyst assists the BSA QA Manager in implementing and maintaining the Bank’s QA processes in accordance with BSA/AML Policy, Procedures, and Guidelines.
In addition to conducting QA Reviews, this position is responsible for evaluating the reviews completed by the QA Team, as needed, including those conducted on BSA/AML Transaction Monitoring (“TM”) alerts, case investigations, High-Risk Customer (HRC) EDD reviews, and SARs.
The QA Lead Analyst identifies, documents, and reports findings to the QA Manager ensuring consistency amongst the QA Team, and to identify performance issues within the BSA Department.
ESSENTIAL FUNCTIONS AND BASIC DUTIES:
• Serve as a Subject Matter Expert (SME) in all areas of BSA.
• Function as a point of contact to BSA QA Analysts for questions, providing real-time training.
• Understand, and ensure compliance with, regulatory requirements and Bank specific BSA/AML/OFAC policy and procedures.
• Conduct QA reviews on alerts, cases, SARs, and HRC EDD reviews.
• Provide feedback to, and communicate effectively with, peers and management on the results of QA reviews.
• Escalate concerns and/or findings on the results of QA testing clearly and objectively to BSA Management.
• Assist in preparing QA-related reports.
• Provide policy and procedure enhancement recommendations, including those to improve efficiency, quality and consistency, to BSA Management.
• Assist in preparing training for all BSA workflows, to address identified issues and/or gaps in procedures or processes.
• Ensure adherence to all defined SLAs, manage workflows to the specified deadlines, and complete responsibilities in a satisfactory manner, ensuring work product meets both quality and quantity expectations.
• Participate and lead team meetings as needed.
• Interact with examiners, auditors, BSA Senior Leadership, and Bank Executive Management as required.
• Complete assigned training in a timely manner.
• Stay current on regulatory expectations, guidelines, and changes.
• Perform any other assignments as directed by BSA Management.
The above statements describe the general nature and level of work only.
They are not an exhaustive list of all required responsibilities, duties, and skills.
Other duties may be added, or this job description amended at any time.
QUALIFICATIONS: CAMS Preferred
REQUIRED KNOWLEDGE: Knowledge of BSA, AML, and OFAC regulations and guidance, with the ability to apply and explain regulatory concepts.
EXPERIENCE REQUIRED: Minimum of five years BSA/AML-related banking experience
SKILLS/ABILITIES:
Strong interpersonal and verbal/written communication skills
Self- starter, capable of working under minimum supervision
Multi-tasker and able to meet deadlines in a high-pressure environment
Results oriented team player
Strong problem-solving ability
Exceptional research and analytical skills
Proficient in MS Office (Outlook/Word/Excel/PowerPoint)
Strong documentation skills
Hours: Monday - Friday 8:0 0AM - 5:00 PM.
40 hours per week.
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