Senior BSA Systems & Analytics Specialist

OceanFirst Bank
tuition assistance
United States, New Jersey, Red Bank
110 West Front Street (Show on map)
Feb 11, 2025
At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business. Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed (4 days in office, 1 day remote), employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community! About Your Role The Senior BSA Systems & Analytics Specialist plays a crucial role in supporting OceanFirst Bank's enterprise-wide BSA/AML Program. This position provides oversight of the department's transaction monitoring and ancillary systems, ensuring robust systems and technology tools focused to prevent, detect and report BSA/AML, Financial Crimes, and Sanctions risks. Additionally, the role oversees projects related to bank-wide strategic initiatives, ensuring that BSA/AML, Fraud, and Sanctions systems are integrated appropriately across all business lines. It also ensures that the design and development of functions throughout the Bank are considered in the systems and technology framework. The specialist must have knowledge of Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) requirements to fulfill the following duties: What You Will Do 1. Coordinate, plan, and execute all systems-related activities to ensure compliance with BSA/AML laws and regulations. 2. Partners with the BSA team to understand their goals, challenges, and future requirements, and translating them into short- and long-term projects. 3. Perform periodic testing & analysis of BSA/AML & Watch List alerts utilizing above-the-line and below-the-line methodology to improve alert quality. 4. Manage all approved technology projects, including preparing test data, verifying test results with LOB users and IT support, and compiling, analyzing, and reporting business statistics and metrics. 5. Ensure appropriate system access and privileges by managing internal controls processes and partnering with IT support to review users and roles periodically. 6. Manage the BSA/Technology Roadmap in partnership with the BSA Officer and BSA management team. 7. Support end users of AML systems and coordinate assistance from IT or vendor support when required. 8. Stay updated on regulatory requirements, legal requirements, and industry best practices to ensure that modern and relevant solutions are implemented. 9. Aid in the development and implementation of system functionality, including patches, enhancements, release notes, alerts, metrics, and reports. 10. Partner with other Information Technology departments to ensure data reconciliation is performed between core systems and Verafin. 11. Validate customer demographics to ensure consistency between core systems and Verafin. 12. Collect and provide data for management reports, staffing analysis, risk assessments and board reporting. 13. Develop and maintain policies and procedures related to system functions. 14. Assist with the preparation and collection of data for regulatory examinations, internal audits, and other system reviews. 15. Perform additional duties as assigned, including managing anomaly report analysis, testing and implementing scenarios, and coaching team members. What We Expect of You In-depth knowledge of transaction monitoring and ancillary systems (LexisNexis Bridger, Onboard Advisor, Alloy, and extensive Verafin experience). Conceptual knowledge of case management systems, user administration, data mining and data reporting. Knowledge of user acceptance testing including development and execution of test cases. Experience with analytical tools to validate large datasets and identify gaps, issues, or mapping deficiencies. Self-motivated planner with the ability to manage projects and collaborate with others in the BSA department and across other Lines of Business (LOB). Ability to stay updated on industry trends and apply where necessary. Ability to complete accurate and detailed work within established Bank and regulatory timelines. Experience with agent tuning and configuration of BSA/AML-related systems. Proven analytical, computer, presentation, written, and verbal communication skills; strong interpersonal skills. Proficiency in Microsoft Office Software (e.g., Excel, Word, and PowerPoint), particularly with advanced Excel features such as PivotTables and formulas. Your Qualifications Bachelor's degree in business, information technology, mathematics, or related field preferred. 3 - 5 years of banking experience working in the BSA/AML and Fraud industry. 1 - 3 years of proven experience with Verafin system administration and reporting is a plus. Certified Anti-Money Specialists (CAMS) designation preferred. INTERNAL AND EXTERNAL CONTACTS Frequent contact with Retail, IT, Application Development Solutions, and other various lines of businesses. Branch management staff, and Compliance Officer. Regular contact with support staff from the bank's transaction monitoring system and other ancillary systems. WORKING CONDITIONS/PHYSICAL REQUIREMENTS Office environment. Ability to operate a computer. Ability to communicate to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint.