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BSA Officer
Ref No.: 18-03497
Location: Woodbridge, New Jersey
Position Type:Direct Placement
Pay Rate : $ 80,000.00 - 105,000.00 /Year
BSA Officer
 
Responsibilities:
  • Develop, implement and administer all aspects of the Anti-Money laundering and Bank Secrecy Act Compliance Program
 
Description:
  • Orchestrate smooth and safe work procedures within the AML and BSA Regulations
  • Identify key risks in the process, establish and implement internal controls to mitigate risks identified
  • Monitoring and analyze transactions on an ongoing basis, liaise with operations & branches for compliance related issues
  • Prepare and deliver transaction reports for individual transactions for compliance performance on a weekly, monthly, quarterly annual basis
  • Provide inputs to develop policies and procedures for risk management
  • Conduct KYC/EDD on high risk customers
  • Filing of SAR and maintaining SAR log, EDD log, high risk customer log, AML queries log, suspended transaction log
  • Assist in the implementation and conduct of audits by external auditors on a periodic basis to ensure monitoring, proper implementation and execution of regulations, policies and procedures are integrated in the branch daily activities.
 
Qualifications:
  • Bachelor's Degree
  • CAMS Certified
  • 4 to 5years of experience in regulatory compliance activities such as risk management, audit, or similar control-related experience.
  • Knowledge of BSA/AML compliance requirements and standards that impact a global financial services firm, such as KYC/client risk rating, transaction monitoring, suspicious activity reporting, client screening/sanctions requirements, and risk assessment
  • Knowledge of BSA/AML compliance requirements and standards that impact a global financial services firm, such as KYC/client risk rating, transaction monitoring, suspicious activity reporting, client screening/sanctions requirements, and risk assessment