Hanmi Bank is seeking a BSA Analyst II to assist within the BSA Department and support the BSA Officer. The role involves ensuring compliance with the Bank Secrecy Act and related regulations, conducting customer reviews, and maintaining documentation for compliance purposes.
Conduct customer relationship review as it relates to Currency Transaction Reports (CTR), Enhanced Due Diligence (EDD), Know Your Customer (KYC) and Suspicious Activity Report (SAR), and adhere to regulatory guidelines and the bank’s practices.
Analyzing the information to reasonably ensure customers’ BSA/USA PATRIOT Act/OFAC compliance.
Review assigned cases with banking relationships and products and detects possible suspicious activity; conduct any needed research; and file SAR as needed and document the research and analysis performed.
Correspond with business units and branches for clarification of the activities conducted; obtain supporting documentation; and update responses to the BSA system.
Perform the required KYC screening on new clients and higher risk customers defined by the bank’s policy and procedures by documenting and corroborating the information obtained on the client as required by the banks’ KYC Procedures utilizing a variety of independent research sources. Customers defined as high risk customer may include but not limited to Money Service Business (MSB), Trade Finance Service Customers, Politically Exposed Persons (PEP), Correspondent Banking Relationships, Non-Bank Financial Institutions (NBFI), Cash Intensive Business Customers, Non-Governmental Organizations (NGO), and Import Export Wholesale Businesses.
Maintain and manage list of accounts, and maintain required documentation.
Conduct OFAC search on the beneficiaries of monetary instruments purchased by the customers using cash and record the search results.
Stay abreast of compliance regulations as they apply to this position. Ensure activities are in compliance with the laws, rules, regulations, policies, and accepted practices.
Ensure compliance with all external reporting requirements to include regulatory governing entities. Maintain all records, reports and supporting documentation for BSA compliance.
Responsible for developing and ensuring completion of annual BSA/AML/OFAC training for staff that requires initial or periodic training.
Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.
Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
Performs duties specific to the position and other functions as assigned.
Qualification
Required
Bachelor’s degree in Accounting, Finance and/or Business Administration from an accredited university and/or two (2) plus years of work related experience must consist of Risk, banking regulation and BSA in the financial services industry desired.
Working knowledge of suspicious activity typologies, trends and patterns.
Working knowledge of various business line operations and expected activities.
Basic skills in computer terminal and personal computer operation, mainframe computer system, word processing, typing and spreadsheet software programs to meet the needs of the position.
Basic math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Excellent verbal, written and interpersonal communication skills, with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and employees.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Ability to work with no supervision while performing duties.
Preferred
Benefits
Paid sick time off
Vacation leave
Paid holidays
Medical, dental, vision, life and disability insurance packages for employees and dependents
Various other voluntary benefit offers
Optional retirement accounts
Hanmi Bank was founded with the goal of catering to a growing Korean-American community.
