What are the responsibilities and job description for the BSA Analyst position at Burger King?
BASIC PURPOSE OF POSITION:
The Bank Secrecy Act (BSA) Officer/BSA Analyst is responsible for coordinating the development, implementation and administration of all aspects of the corporate-wide Bank Secrecy Act (BSA) Compliance Program. This position monitors compliance with state and federal Bank Secrecy Act (BSA), USA PATRIOT Act, Anti-Money Laundering (AML), and OFAC laws and regulations.
DUTIES OF POSITION:
Supports BSA Officer in areas of the BSA/AML/OFAC to ensure compliance with the Bank’s BSA/AML/OFAC policies, procedures and processes.
Perform transaction testing in accordance with the established monitoring schedule on low, moderate, and high-risk accounts, outstanding official checks, official checks sold with cash, and other accounts subject to expanded review, including non-resident aliens, non-bank financial institutions, cash intensive businesses, professional service providers, etc., to uncover money laundering or other illicit schemes and escalate matters as necessary.
Prepare monitoring reports utilizing Excel spreadsheets.
Communicate with branch personnel on Customer Due Diligence (CDD) and risk rating deficiencies detected during the account review and monitoring process on moderate and high-risk accounts to ensure due diligence files are complete and risk ratings are properly assigned.
Communicate with branch personnel to gather enhanced due diligence as deemed necessary, ensuring that requested due diligence is properly attained.
Review daily cash reports to identify required Currency Transaction Report (CTR) filings.
Review all CTRs and prepare and file CTRs with FinCEN.
Assist branches with proper completion of CTR data entry.
Document, track, and report employee CTR and other BSA related exceptions to the BSA Officer and Human Resources for further review.
Provide input to BSA Officer on control weaknesses, policy enhancements and training needs, as applicable, to ensure bank wide BSA/AML/OFAC compliance.
Keep current with money laundering terrorist financing, etc., trends and schemes thru education,
industry publications/seminars and applies this knowledge during monitoring to identify suspicious
activity.
Perform annual review of exempt persons and determine exemption eligibility status.
Monitor, track, and update due diligence files for BSA-AML high-risk customers and accounts and
others subject to expanded examination overview.
Document and verify bi-weekly 314(a) searches and report possible matches to the BSA Officer.
Track applicable registration and licensing requirements for MSB customers and keep customer files
updated.
Document and research potential OFAC hits and report positive matches to the BSA Officer.
Other duties as assigned.
EDUCATION/ EXPERIENCE/ SKILLS:
Associates degree or equivalent from two-year college or technical school; or 6 months of related job experience.
Proficient in Microsoft Word and Excel.
Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively assist in the presentation of information to top management, public groups, and/or boards of directors.
