BSA ANALYST at Sterling Bank & Trust in Southfield, Michigan

Job Description:

Job Category: PROFESSIONAL
Requisition Number: BSAAN001106
Posted: Jul 8, 2024
Full Time
MICHIGAN MAIN OFFICE
SOUTHFIELD, MI 48076, USA

Job Details

Description

*This position is remote within the USA. We are currently only considering applications from residents of the following states: California (CA), Connecticut (CT), Florida (FL), Georgia (GA), Kentucky (KY), Michigan (MI), North Carolina (NC), Nebraska (NE), New Jersey (NJ), Nevada (NV), New York (NY), Ohio (OH), Oregon (OR), Virginia (VA), and Washington (WA).

About Sterling Bank & Trust, FSB: Sterling Bank & Trust provides a comprehensive choice of banking solutions, innovative loan products, and outstanding personal service to individuals, professionals, businesses, and commercial customers as a trusted neighborhood bank. We're known for highly competitive deposit rates, expertise in mortgage lending, and keeping deposits at work in the local community. Our customers know that they can stop by any branch and be treated like family. Since the Bank was founded in 1984, our customers have trusted us to help them handle their banking and financial needs. With over $2 billion in assets, Sterling Bank & Trust continues to grow better to serve our customers in communities across the U.S

Position Summary: The BSA Specialist is primarily responsible for reviewing alerts, performing investigations, and when appropriate, escalating unusual or suspicious activity for further review. Performs routine compliance tasks and deals with routine compliance issues, typically concerning documentation and reporting. This position contains a mixture of operational tasks primarily focused on customer and transaction review.

Essential Duties and Functions (include but are not limited to):

• Conducts comprehensive investigations and customer reviews for the standard cases and customers, which includes analyzing transaction information, reviewing customer data, and applying industry knowledge, to recommend SAR or no SAR filings or help manage the Bank’s High-Risk Customers.
• Manages a(n) alert/case/customer review inventory and prioritizes cases based upon risk and/or management direction while adhering to department Service Level Agreements (SLAs) and procedures, which expect higher levels of production within quality standards.
• Performs a variety of general Program operational functions according to Program standards and procedures, such as: Managing a(n) alert/case/customer review inventory, Clearing watchlist alerts, Processing exception reports, Filing of Currency Transaction Reports (CTRs), and Monetary Instrument Log (MIL) recordkeeping

• Escalates potential operational issues (e.g., system, model, or data integrity issues) to BSA Management.
• Assists with compliance related ad-hoc projects and other duties as assigned.

• Complete all required product, service, and compliance training as it relates to the position and employment with Sterling and adheres to BSA/AML and OFAC Policy and procedures.
• Perform all the above duties consistent with professional ethical standards, including reporting any observed ethical violations to the appropriate management, management and/or Board level committees, and/or the Bank’s ethics hotline.

Core Competencies:

• Integrity
• Sets high standards of honesty for self and others; transparent intentions
• Self imposes standards of excellence to ensure no aspect of work is neglected
• Demonstrates trustworthiness and takes responsibility for one’s actions
• Keeps commitments that align with Sterling’s Code of Business Conduct and Ethics

• Inclusion
• Treats people with dignity and respect
• Objectively considers others’ ideas and opinions
• Creates a welcoming environment and promotes cultural competency
• Actively seeks opportunities to volunteer and partner with non-profit agencies

• Continuous Learning
• Completes all required training to ensure compliance
• Identifies and participates in learning activities that lead to professional growth
• Stays informed on industry trends and changes to achieve individual, team and organizational goals
• Actively seeks and utilizes feedback to improve and continue to grow professionally within the Bank
• Synergy
• Utilizes oral and written communication to enhance the relationships between teams, customers and the community members
• Collaborates together using teams’ expertise and knowledge to maximize results
• Actively seeks information to understand team members and customers’ circumstances, problems, expectations and needs
• Dedicated to creating opportunities allowing teams and individual reach full potential

Technical Competencies:

• Attention to Detail
• Accomplishes tasks by considering all areas involved, no matter how small; shows concern for all aspects of the job; accurately checks processes and tasks; is watchful over a period of time.

• Job Knowledge

• Has achieved a satisfactory level of technical and professional skill or knowledge in position-related areas; keeps up with current developments and trends in areas of expertise.
• Time Management
• Effectively manages one’s time and resources to ensure that work is completed efficiently.

Required Experience and Education:

• High School Diploma or GED Equivalent.

• One (1) or more years of direct BSA work experience, with related experience in other areas of banking
• Basic working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing
• Jack Henry systems and Yellow Hammer Software preferred

Pay & Benefits

This position is eligible for full-time employee benefits. The base pay range for this role is between $48,000 to $70,000 and is remote within the USA.

We are currently only considering applications from residents of the following states: California (CA), Connecticut (CT), Florida (FL), Georgia (GA), Kentucky (KY), Michigan (MI), North Carolina (NC), Nebraska (NE), New Jersey (NJ), Nevada (NV), New York (NY), Ohio (OH), Oregon (OR), Virginia (VA), and Washington (WA).

At Sterling Bank & Trust, FSB, the pay range only includes base compensation. Your base pay will depend on your skills, qualifications, experience, and location.

Sterling’s compensation and benefits packages are highly competitive. Full-time Sterling employees have access to a comprehensive health care plan, dental and vision coverage, flexible spending accounts, 401(k) plans with matching contributions, PTO, and more.

Physical Demands

While performing the duties of this job the employee may be required to use hands to finger, handle, or feel; and talk and hear. The employee frequently is required to walk and reach with hands and arms and stand for long periods of time. The employee is required to occasionally sit, stoop, kneel, or crouch. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and ability to adjust focus.

Work Environment

Generally, works in an office environment, may occasionally be required to perform job duties outside of the typical office setting. However, this position is currently 100% remote. Sterling Bank reserves the right to revise work location and status based on any future environmental staffing analysis. The employee will be exposed to moderate stress levels associated with the performance of the job duties described above. There may be extended periods of computer and telephone use while performing job duties. Employee will be intermittently seated, standing and/or walking during the course of a normal business day. While every precaution is taken to avoid exposing employees to dangers in the workplace, working in a financial institution may expose employees to certain hazards in the event of criminal activity including robbery and/or attempted robbery.

EOE Statement

Sterling Bank and Trust is proud to be an equal employment employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex, (including pregnancy, childbirth, or related medical conditions), marital status, ancestry, physical or mental disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic.

California Consumer Privacy Act (CCPA)

The employee will adhere to all Information Security and Privacy Policies along with applicable procedures to ensure that customer information (PII) is not altered and remains accurate and complete. Participation in required training to maintain knowledge of how to ensure all customer information (PII) remains protected is required.

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Licenses & Certifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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