BSA Analyst
Westamerica is among the largest commercial banks headquartered in California. We are looking for outstanding people to join our winning team. We reached our current strength because our employees, customers, and shareholders believe in the same fundamental goals: Delivering a wide variety of financial services with a superior customer service guarantee.
Under general supervision: Maintains knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations. Under management guidance, performs reviews of various reports and transaction data and analyses activity to determine if transactions are suspicious in nature.
Weekly Working Hours: 40
Essential Functions:
- Under guidance reviews system generated alerts for customer transactions in order to identify suspicious activity related to Anti-money laundering, fraud or terrorist financing activities. Recommends when to file Suspicious Activity Reports.
- Conducts investigations and enhanced due diligence reviews of various customer types and industries.
- Conducts Know Your Customer / Customer Due Diligence / Enhanced Due Diligence reviews on new customers.
- Conducts the less complex investigations of transactions processed though the bank’s Merchant Processing Center.
- Reviews and files Currency Transaction Reports submitted by branches within the required regulatory imposed timeframes.
- Clears Office of Foreign Assets Control (OFAC) and other watch list alerts.
- Reviews MISL Reports.
- Participates in training seminars and webinars.
- Provides accurate and timely responses to questions from branches and departments regarding BSA policies using sound judgment, ensuring regulatory compliance, no legal impact and satisfactory audits.
EOE
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