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BSA Analyst I

City: Yardley
State/Territory: US-PA

Description

Who is Cenlar?  You are.

 

Employee-owners have made Cenlar one of the nation’s largest mortgage subservicers. We have achieved success by empowering people with company ownership, real programs that provide avenues for advancement, and a great atmosphere that makes everyone look forward to the workday. Get your share of our success by considering the opportunity to join our team as a BSA Analyst I

As a BSA Analyst I, you will research and investigate suspicious activity related to Money Laundering, working closely with the Fraud team.

 

Responsibilities:

  • Research, analyze and investigate alerts generated by transaction monitoring reports (i.e. principal curtailment payments, international wires transfers, early payment default loans, revolving line of credit account payments and draws, etc.) for potential mortgage fraud and money laundering; make a recommendation as to whether or not a Suspicious Activity Report (SAR) should be filed.

  • Ensure compliance with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal activity.

  • Perform investigations pursuant to customer due diligence and suspicious activity monitoring programs; document results of investigations; maintain necessary records and files per regulatory and bank requirements to ensure efficient and consistent reporting of investigations.

  • Research, analyze, and investigate customer/borrower account behavior for potential mortgage fraud and money laundering activity referred by internal departments; make a recommendation as to whether or not a Suspicious Activity Report (SAR) should be filed.

  • Perform 90-day SAR follow-up reviews; make a recommendation as to whether or not a continuing activity SAR should be filed.

  • File SARs with the Financial Crimes Enforcement Network (FinCEN), as directed, within regulatory time frames and in accordance with BSA/AML compliance policies and procedures.

  • Document all investigations and recommendations as to whether a SAR should be filed within the departmental case management system accurately and timely to ensure current and accurate reporting to Board and committees.

  • Provide investigation results and supporting documentation to client BSA/AML/compliance contacts and GSEs and to law enforcement as requested.

  • Perform new customer verifications under the Customer Identification Program (CIP) requirements for purchase loans and assumptions.

  • Perform due diligence and monitoring on borrower accounts deemed a higher risk; perform due diligence on clients.

  • Participate in external BSA/AML group and committee meetings.

  • Assist in responding to regulatory inquiries, and with developing training content / updates as well as providing training where necessary.

  • Remain abreast of applicable laws and regulations related to BSA, and perform other BSA/AML compliance related duties as assigned.

Qualifications:

  • 1 – 3 years’ experience in BSA/AML regulations or fraud investigations

  • Certified Anti-Money Laundering Specialist (CAMS) or Certified AML and Fraud Professional (CAFP) certification a plus

  • Proficient personal computer skills including Microsoft Excel, Word and Access, as well as other applications and software utilized by the department

  • Strong analytical abilities and problem solving skills

  • Excellent written, verbal and presentation skills

  • Strong organizational skills with ability to multi-task

  • Ability to work collaboratively across various departments

  • Must be able to work independently

     

Total Rewards:

 

Cenlar FSB offers outstanding benefits which may include paid medical/dental/life insurance, 401k, employee ownership, tuition assistance, a supportive work environment, and genuine opportunities for advancement. Cenlar is a Drug Free Workplace and an Equal Employment Opportunity/Affirmative Action Employer -- M/F/D/V/SO .

 

Visit www.cenlar.com for more details.

 

Please apply online .



 


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