BSA Analyst

Department: Risk Management

Location: Remote

Description

Grasshopper Bank is a client-first, digital bank built for the business and innovation economy, with an obsession for providing leading-edge technology, solutions-driven products and superior service through a combination of passionate people and digital resources.

We are a highly experienced team who pride ourselves on diversity of thought and perspective. Nationally chartered, our portfolio of products and services range from VC, PE & Portfolio Companies to SBA Lending, as well as direct SMB and Embedded Banking.

Our entrepreneurial drive allows us to support the growth and success of a wide range of clients at every stage of their business through inclusive partnership. We seek out team members who will enable both our organization and our people to grow and thrive through collaboration and acting with integrity and respect.

Our focus on cross-functional teamwork provides a culture where ideas are valued, accountability is encouraged, and successes are celebrated. We welcome all those searching for the opportunity to contribute to banking innovation that influences and supports the emerging digital world of Financial Services.

Our digital first approach enables our teams the flexibility to work remotely. We have offices in NYC and Boston.

What You'll Do

Exercising constant awareness and a keen attention to detail with regard to possible suspicious activity, as BSA Analyst you will be responsible for assisting with the day-to-day operations of the Risk Department to ensure compliance with the Bank Secrecy Act, Anti-Money Laundering Regulations, the U.S. Patriot Act and the Office of Foreign Asset Control. You will assist in the risk assessments and monitoring disclosures and procedures that meet regulatory requirements for our products and services. Your efforts will ensure Grasshopper remains in compliance with all applicable company policies and federal/state rules and regulations.

Responsibilities Include

• Analyze and review AML system generated alerts.
• Conduct Case Investigations
• Generate and assist with Suspicious Activity Reports (SARs) and Suspicious Activity Investigation Reports (SAIRs)
• OFAC Clearance and OFAC Testing
• Complete reviews on FinCEN 314(a)(b) reviews
• Review Risk Ratings & Complete EDD on High Risk Entities.
• Conduct BSA Escalation Reviews
• Conduct CIP Quality Control Reviews.
• Respond to BSA related questions from internal departments on a timely basis
• Other duties as assigned by the BSA Officer
  
  

What You Need

• An undergraduate degree in business (preferred) or at least 3 or more years of relevant work experience with a commercial bank
• 2+ years experience in banking operations – specifically DDAs, term deposits, loans, wires, ACH, RDC, Card, checks, international payments and accounting and banking regulations is required
• Experience with NACHA rules and regulations (AAP Certified a plus)
• Experience working directly with the FED to process wires.
• 2+ years of experience working with a core banking system, surrounding applications and related work processes utilized throughout operations
• Knowledge of workflow redesign and process improvement relating to customer onboarding, DDAs, term deposits, loans, wires, ACH, RDC, Visa Credit Card processing and SWIFT payments
• FIS core banking experience is a plus