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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