Bank Secrecy Act Analyst I

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*NOTE: This job is not at Campus Philly. This listing is with WSFS Bank.

Job Description

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose.

The Bank Secrecy Act (BSA) Analyst I will identify unusual customer transaction patterns indicative of suspicious activity related to money laundering, terrorist financing, and/or other Bank related criminal activities. The Analyst will primarily conduct reviews of alerting activity trigged from the transaction monitoring system. The incumbent will analyze inappropriate and/or fraudulent activity utilizing the Bank’s various software applications. Through an analytical review and reasoning, the Analyst will be required to document and reach a proper conclusion that would mitigate the concern of the alerting activity in the event activity is found to be unusual or suspicious, the Analyst will escalate the matter for further review. In addition, the incumbent may also be required to complete currency transaction reports (CTRs), OFAC sanction screening alerts, and other reporting instruments used to detect and deter suspicious activity. The Analyst will provide aid in the Bank’s compliance with Anti-Money Laundering laws and regulations, USA PATRIOT Act, and OFAC; and continuously work to understand and mitigate risks and losses.

Job Responsibilities:

• Conduct analysis based on alerts triggered via the transactional monitoring system in a high-volume driven environment.
• Utilize a variety of analytical techniques and computer systems to make informed decisions concerning customer account status.
• Ensure that potentially unusual or suspicious transactions are appropriately identified, documented, and escalated.
• Complete currency transaction reports (CTRs).
• Conduct sanction screening reviews on OFAC and other government watchlist screening alerts.
• Conduct analysis on other BSA related reports to detect potential suspicious activity.
• Ensure that the Bank’s internal policies and procedures are adhered to.
• Ensure compliance with BSA/AML related laws and regulations or identify matters of non-compliance and escalate them to management for a resolution.
• Contact the lines of business for additional information as needed.
• Compile evidence and documentation in compliance with BSA/AML regulatory requirements.
• Maintain a current, thorough understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal activities, and developing trends.
• Support the mission, strategy, and values of WSFS.

Minimum Qualifications:

• Bachelor’s Degree is preferred.
• Must have a minimum of 2 years of experience working with individual and/or business accounts.
• Familiarity of WSFS Bank products and services is preferred.
• Must have extensive knowledge of MS Work, Excel as well as Verafin system applications and account history, with emphasis on operating and analyzing the reports from the Verafin system application for anti-money laundering.
• Must have the ability to analyze information as well as question and investigate results from program reports.
• Must have knowledge to review account activity and the ability to recognize or question activity beyond its normal scope.
• Must have the ability to work with and communicate with Associates and management in all Bank departments and within the entire corporation.
• Must have excellent oral and written communication skills as well as good written, oral, and visual presentation skills.
• Should have familiarity with branch or department account relationship activity.
• Some audit or compliance knowledge is helpful.
• Prior experience with the following systems (or ability to learn quickly): Verafin, FCM, SunGard Addvantage, Money Gram, and Word/Excel/PowerPoint/Visio.

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.