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Description
Sunflower Bank, N.A . is looking for an BSA Due Diligence Analyst I to join our Compliance & Risk Management team! The BSA Due Diligence Analyst I position acts as primary support in the due diligence process required by the company’s Bank Secrecy Act (BSA) program. This position is knowledgeable of all policies, procedures and regulations related to its job responsibilities. The position understands BSA, AML (Anti Money Laundering), and other regulatory policies and applies and explains regulatory concepts to serve as a resource across the company.
This position is under consideration to work fully remotely.
The salary range for this position is $37,000 - $42,000 annually and depending on qualifications and experience
• Adhere to, comply with, and have an understanding of applicable federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e., BSA, US PATRIOT Act, FFIEC BSA/AML Examination Manual, etc.).
• Demonstrate extensive banking and compliance knowledge in working AML/KYC related issues, identify patterns and trends consistent with money laundering and terrorist financing, and have the ability to exercise sound judgment and to observe the highest degree of confidentiality in the handling of information received in the course of the job responsibilities.
• Maintain a current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations; monitor legislative and regulatory developments regarding the Bank Secrecy Act and report important compliance developments to the Bank board, management, and other bank personnel.
• Ensure compliance with BSA/AML related laws and regulations as well as understand company policies and procedures and assume responsibility for identifying and communicating non-compliance consistent with regulatory and corporate requirements.
• Apply knowledge of patterns and trends related to money laundering and terrorist financing to customer relationships that may pose a higher risk to the company.
• Support CDD (Customer Due Diligence) activities related to Anti Money Laundering (AML) and Know Your Customer (KYC) by ensuring CDD is properly performed through report and data analysis.
• Assist in identifying and reviewing higher risk customers through referrals from frontline (EDD Referral Investigations) and apply research and investigation strategies to assess customers for BSA risk and conduct continuous monitoring/analysis of customers for possible change to risk.
• Follow up on CIP/CDD red flags identified during data review and escalate those that cannot be cleared or mitigated as well as ensure customer records are coded and maintained properly.
Education / Experience Preferred:
• Extensive knowledge of Bank Secrecy Act, US PATRIOT Act, Money Laundering Control Act, Office of Foreign Asset Control regulations, strategies and enforcement policies, familiarity with key banking regulations and interpretations, knowledge of bank laws and operations, risk assessment and analysis.
• Bachelor’s degree in Finance, Accounting, Business, Management, Economics or similar experience.
• At least two years of experience within a BSA, Fraud, and/or Audit environment.
Sunflower Bank Benefits employees enjoy outstanding benefits, including:
• 401(k) Plan with 6% Match
• Health/Dental/Vision Insurance
• Company-paid Life Insurance
• Tuition Reimbursement
• Fitness Reimbursement
• Paid Time Off
• Volunteer Leave
• Paid Holidays
• Plus many more employee perks & incentives!
People choose to “bank” with us, but for those we serve, we’re more than a bank. We strive to be the financial backbone of their lives and we know that starts with our team.
If you qualify, apply online at www.sunflowerbank.com/careers.
You’ve never worked anyplace like Sunflower Bank! EOE/AA: Minorities/Females/Disabled/Vets