BSA/AML Analyst

Department: Risk
Location: Remote
Reports To: SVP, BSA AML and OFAC Officer.

Salary: $67,400-$84,300*

Summary Job Description:
The BSA/AML Analyst is responsible for administering aspects of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance Program and Office of Foreign Assets Control (OFAC) Compliance Program at PCBB. This role requires maintaining and improving, as needed, the current compliance programs to ensure sustained regulatory compliance. The position requires a thorough understanding of the relevant banking laws and regulations and experience in handling the many diverse aspects of such compliance programs. The BSA/AML Analyst will have the necessary level of authority and independence to successfully carry out these responsibilities. This position reports directly to the SVP, BSA AML and OFAC Officer.   
Duties and Responsibilities:
  • Revises policies as necessitated by changes to the laws and other market and regulatory factors; makes recommendations to the BSA AML and OFAC Officer for Program improvements and implements those as appropriate; 
  •  Assists in developing enhancements to strengthen existing Customer Due Diligence and Enhanced Due Diligence processes.
  • Maintains proficient knowledge of the rules, regulations and best practices related to Bank Secrecy, USA. PATRIOT Act, and OFAC and other regulatory laws and provides guidance as needed.
  • Review and disposition internal monitoring alerts designed to identify unusual and suspicious behavior, 
  • Conduct investigations and complete and file Suspicious Activity Reports (SARs) as required and properly document SARs filed/not filed.
  • Provides maintenance, follow-up and timely response to any OFAC matches and FinCEN 314(a) and 314(b) lists and inquiries.
  • Identifies and mitigates potential regulatory risk issues facing the Bank; assists in providing BSA, AML, and OFAC and other compliance support by interacting with other Bank personnel pertaining to such issues.
  • Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow through with client banks and/or staff involved.
Skills Required: 
  • Extensive knowledge of regulatory requirements and compliance program elements.
  • Understanding of correspondent banking desired.
  • Strong written and verbal skills required.
  • Ability to work independently and collaboratively.
Education/Experience Requirements:
  • Bachelor's degree.
  • Certified Anti-Money Laundering Specialist (CAMS) 
  • Minimum 4-6 years of progressive experience in a banking or financial services environment and 3-5 years of administering most aspects of a BSA/AML/OFAC program. 
*The salary for this position is based on the candidate's qualifications, experience, certifications, and geographical location. Compensation may be adjusted to reflect the cost of living in the candidate's area, as well as additional credentials.

Physical Demands/Work Environment:

The physical demands/work environment described here is a representation of what must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand or sit; use hands/arms/fingers to handle, feel or reach, talk/hear, position self to move and have visual acuity to determine accuracy, neatness, and thoroughness of the work assigned. The employee may be required to lift and /or move up to 25 pounds. The noise level in the work environment is usually moderate.

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PCBB is an equal opportunity employer and will consider qualified applicants for employment without regard to race, color, national origin, ancestry, sex, gender, gender identity, gender expression, religious creed, disability (mental and physical), medical condition, genetic information, age, marital status, sexual orientation, military and veteran status, or any other characteristics protected by federal, state or local law.