Dirección The BSA Analyst (Investigations) analyzes sensitive information concerning customer and account activity including transactional data and conducts additional research that is potentially linked to money laundering, terrorist financing, organized crime, and other financial crime activity in order to determine if the filing of a SAR is required. Such review is required to ascertain the Bank’s compliance with federal regulations related to the Bank Secrecy Act (BSA), anti-money laundering (AML) and OFAC. This position works hybrid and is based in San Juan, PR.
MAJOR DUTIES & RESPONSIBILITIES:
• Develops and demonstrates proficiency in conducting financial investigations by collecting, evaluating, analyzing information and evidence related to known or suspected money laundering or terrorist financing in order to write quality SARs when potentially suspicious activity is discovered.
• Write and prepare qualitative investigative narratives and Suspicious Activity Reports (SARs), and recommend relationship retention or termination in a timely manner in order to comply with the timeframe required by regulation.
• Ascertain that adequate analysis, documentation and uniform evaluation is applied on all cases according with the internal procedures. Refer for further investigation any possible unusual activity observed within a review that is not necessary related to the subject under analysis.
• Timely follow up on information requests to ascertain prompt case review resolution to comply with regulations requirements.
• Assist the Business, Operational Units and any other employee of the bank, to approve OFAC inquiry and possible matches.
• Establishes and maintains effective liaison and communication with Business Units, Operational Units and any other employee of the bank to enhance resolution efforts and maintain BSA / AML policies and procedures.
• Other duty as assigned.
EDUCATION AND EXPERIENCE:
• Bachelor’s degree in Business Administration, Finance or any other related field.
• Two, plus (2+) years of compliance area experience.
• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge skills and abilities.
• Knowledge of the BSA, AML and OFAC’s general dispositions and requirements to the Bank.
• Ability to identify and analyze unusual and suspicious transactions or activity.
• Effective communication skills to facilitate data gathering and follow up.
• Ability to describe in writing the procedures performed and the resulting findings.
• Must be proficient in Microsoft Office.
• Understands bank operations.
Oriental is an Equal Opportunity Employer ( EEO Employer / Affirmative Action for Females / Disabled / Veterans )
