BSA /AML Investigator Job at Magyar Bank, New Brunswick, NJ

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  • Magyar Bank
  • New Brunswick, NJ

Job Description

Magyar Bank, a leader in the community banking sector, is searching for qualified candidates to join our Compliance team as a BSA/AML Investigator  in New Brunswick, New Jersey.

The BSA /AML Investigator works with the BSA Officer to administer the Bank Secrecy Act/Anti-Money Laundering Program and related procedures in accordance with Bank’s policies, procedures and applicable federal regulations. You will also perform BSA/AML activity monitoring, analytics and reporting. Review documentation submitted to the Department for adherence to established guidelines and regulations

Essential Functions:
  • Investigate and decision FCRM alerts generated on customer’s activity within the applicable timeframe
  • Review daily, weekly, monthly and quarterly monitoring reports for potential suspicious activity
  • Review Currency Transaction Reports (CTR) for adherence to established procedures and accuracy. Submit CTRs electronically for the Bank
  • Conduct SAR investigations adhering to established procedures. Submit SARs electronically for the Bank
  • Perform Additional Enhanced Due Diligence Reviews (AEDD) for higher-risk customers
  • Escalate suspicious activity for further investigation
  • Review documentation for new business accounts, including business profiles, site visits and beneficial ownership forms, etc.
  • Review documentation for Non-Resident Aliens
  • Review OFAC and sanctions lists for potential matches
  • Perform Bi-weekly 314a list searches
  • Conduct training on topics as needed, such as New Hire BSA Training, Business Profiles, Site Visits, Currency Transactions Reports, etc.
  • Assist with compilation of Audit and Examination request items
  • Stay current with changes in BSA regulations
  • Other duties as assigned

Requirements:

  • High School diploma or equivalent required, some college desired.
  • Minimum of one year of BSA experience.
  • Minimum of three years banking experience including branch/platform experience. Knowledge of Bank Secrecy Act regulatory requirements, including CTRs and SARs, and basic knowledge of banking regulations.
  • Basic knowledge of Bank’s services and products
  • Computer literate, including knowledge of Microsoft Office, Excel, Word and Power Point and internet search.
  • Strong organizational and time management skills
  • High degree of accuracy and attention to detail
  • Must be detail oriented with excellent follow up skills and the ability to multi- task.
  • Strong analytical skills
  • Must maintain a high degree of confidentiality
  • Excellent communication skills including verbal and written
  • Ability to effectively interact with all levels of management.
  • Ability to work independently
  • Ability to multi-task and work in a high -volume environment
Magyar Bank offers competitive salary and comprehensive benefit package, which includes medical, dental, life insurance and 401k.

**This is a full-time onsite position. **

Magyar Bank is an Equal Employment Opportunity/Affirmative Action Employer - M/F/D/V

 

Job Tags

Full time, Work at office,

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