BSA Analyst

I am Carl Behunin, VP BSA Officer at the Bank of Utah. Founded in 1952, Bank of Utah is one of Utah's largest, privately owned community banks. Here we strive to unlock the potential of our team members, clients, and community. We act with integrity in every decision, build trust through every interaction, and exceed expectations at every opportunity. We seek to responsibly create lasting prosperity today and for generations to come.

We are currently looking for a BSA Analyst to work Monday - Friday at our Branch located at 2605 Washington Blvd, Ogden, UT. This BSA Analyst is responsible to play a key role in the Bank’s compliance risk management program. This person assists in the implementation of the risk-based policies and procedures set forth by the compliance manual and the BSA/AML/OFAC risk assessment. This person has a sound understanding of the relevant regulations and allocates the majority of their time to analyze and document suspicious activity, perform enhanced due diligence reviews, and ensure cash transaction reports are accurate and timely filed.

Job Qualifications: :

• Bachelor’s degree is required.
• Must have a minimum of 2 years in BSA compliance or operations experience.
• Must have excellent written and verbal communication skills as this position requires interfacing with various examiners and auditors, as well as senior management and various departments within the organization.
• Working towards CAMS or equivalent certification.
  
  

Benefits Of Working With Us

Bank of Utah's comprehensive benefits package includes:

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent, plus opportunities to participate in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + earned vacation & sick time
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values
  
  

This position performs various quality risk assessments, control reviews, and monitoring relative to the various deposit and security regulations applicable to the Bank. This person also advises the Bank's Senior Management and Bank personnel of emerging compliance issues and consults and guides the Bank in the establishment of controls to mitigate risks. Finally, this person assists Branch Administration in ensuring BSA/AML and OFAC compliance activities run smoothly and efficiently by providing leadership and training.

Regular Duties And Responsibilities

The BSA Analyst will work closely with the BSA Officer to ensure the Bank follows the BSA/AML and OFAC policies and procedures set forth by the Board of Directors. Specifically, the BSA Analyst will be responsible for the following:

• Enhanced due diligence (EDD) for high-risk customers
• Investigations of potentially suspicious activities
• Preparing Suspicious Activity Reports (SARs) to be filed
• Assist the BSA Officer in implementing and monitoring a customer risk assessment process and performing periodic customer reviews as dictated by policy.
• OFAC search procedures on new and existing customers throughout the Bank
• Attendance is an essential function of the job.
• Other duties as assigned.
• The wage listed is within the range associated with this position. Actual compensation will be based on qualifications and experience.