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Senior BSA/AML Analyst (Reston, VA)

Location: Reston, VA

 

About Us

 

Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!

 

Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work®, recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland, as well as by American Banker as a Best Bank to Work For. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.

 

To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.

 

About The Job

Sandy Spring Bank is currently recruiting for a Senior BSA/AML Analyst. With minimal to no supervision, the Senior BSA/AML Analyst is responsible for day-to-day monitoring and/or investigation of potentially suspicious activity, ensuring accurate and timely submission of all required reports (i.e., SARs), conducting suspicious activity reviews, and analysis of higher-risk customers including new or existing high-risk customer relationships for the bank. Other duties may include, but are not limited to, implementing new policies and procedures, training peer colleagues, supervisees, direct reports, and/or extra-departmental colleagues (e.g., frontlines and operational staff); reviewing, processing, and filing SARs. Assist BSA/AML Officer in performing various research functions, including but not limited to reviewing and preparing month-end reports. The candidate must understand the Regulatory mandates, discretion of highly confidential information, adherence to sensitivity timelines, and overall responsibilities under a BSA/AML Department.

 

Areas of focus:

  •  Completes reviews of various reports, applications, and platforms utilized by the FIU
  • Performs review of customer information and related transactions, analyzing complex data to assist in determining if CTR filing is required and if activity appears suspicious.
  • Refers potentially suspicious activity for SAR consideration.
  • Documents findings in concise, detailed, and accurate manner consistent with policy, procedure, and enhanced due diligence when needed
  • Keeps informed of current laws, regulations, and common practices in the Bank Secrecy Act, OFAC, USA Patriot Act, and Anti-Money Laundering/Financial Crimes fields.
  • Conducts investigations to appropriately resolve potential matches generated by the Bank's OFAC/Watch list screening through monitoring system and performing CDD/EDD investigations when needed
  • Review and analyze bi-monthly FinCEN 314(a) issued lists for possible matches within the Bank's database, wire activity, monetary instrument report, and any other relevant reporting; Timely response to 314B requests
  • Be a resource for the Front Line, Business lines, and Business partners as a Subject Matter Expert
  • Review of complex business formation and governance documents, ensuring adherence to CDD/EDD-Beneficial Ownership Rule
  • Provides assistance in preparation of monthly reports to keep management informed of department activities, such as: SAR, CTR’s, and other statistics assigned
  • Ensure accuracy and identify enhancements of relevant Policy and Procedures (P&Ps) and Process Workflows.
  • May Assists with more complex investigations that are generally non-system generated (e.g. Subpoenas, higher risk reviews)
  • Provide one on one coaching sessions along with other senior duties as required.
  • Achieve and sustain a high level of quality, accuracy, and efficiency in the firm’s response to AML and OFAC matters.

Required Skills:

  •  A minimum of 2 years of BSA/AML experience required or other related experience required. College Degree preferred.
  • Previous Senior, team leader, and or supervisory experience
  • Must possess working knowledge of the Bank Secrecy Act and its implementing regulations. Must have experience with the bank’s monitoring and reporting systems or similar monitoring and reporting systems for BSA/AML compliance and risk surveillance.
  • Must have demonstrated experience and be comfortable making critical decisions in a time sensitive and regulatory mandated environment
  • Experience working with money laundering/terrorist financing/SAR or equivalent investigations preferred
  • Must have demonstrated experience in applying strong problem solving, judgment and analysis to detect and deter money-laundering activities
  • Ability to work independently, but cohesively within a team of specialized associates, with high integrity and ethics
  • Highly self-motivated with excellent communication skills and ability to manage and analyze data
  • Excellent written and oral formats, including presentations to regulators, auditors, analysts, senior managers
  • Exceptional analytical skills, judgment, attention to detail, and ability to prioritize tasks and work under pressure
  • Experience with case management platforms a must. Exposure to platform implementation/enhancement environment a plus.
  • Related industry certification (ACAM, ACFE, etc.) is preferred but not required

Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment.

Sandy Spring Bank requires COVID-19 vaccination(s) as a condition of employment for all employees.  Submission of Covid-19 Vaccination Card is required if hired.  Accommodations may be available for those who are unable to be vaccinated for medical or religious reasons.

 

If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.