BSA Analyst

The BSA analyst position is responsible for ensuring compliance with the 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. The BSA/AML program includes Office of Foreign Asset Control (OFAC), Suspicious Activity Reports (SARs), Transaction Monitoring Review, 314(a), and AML internal Referrals. The BSA Analyst is required to prepare detailed investigation reports that logically outline investigative steps taken, research completed, recommendations, and decisions made. The BSA Analyst utilizes analytical judgment and knowledge of the Bank Secrecy Act and Anti-Money Laundering laws and regulations to recommend if a Suspicious Activity Report (SAR) should be filed.

Travel for company offsites is expected at a minimum of 2 times a year.

RESPONSIBILITIES

• Review and decision BSA/AML Transaction Monitoring and Fraud alerts
• Conduct periodic High Risk/Enhanced Due Diligence reviews
• Prepare reports on BSA/AML (and fraud) issues and compile SAR referral narratives and prepare SAR referrals for review
• Document and update BSA/AML and fraud systems
• Review customer-submitted information & documentation for inconsistencies
• Regularly report on/escalate situations that require higher-level review
• Actively discuss and provide your thoughts & recommendations, both internally and with our partner, on our BSA/AML processes, procedures, and alert rulesets

   

QUALIFICATIONS

• BA/BS degree or equivalent practical work experience
• CAMS or similar professional certification (preferred)
• 2+ years of experience assessing and reviewing fraud/BSA/AML alerts and escalations for potentially suspicious activity
• 3+ years of experience directly interfacing with internal and external customers
• Strong investigative and analytical skills
• Ability to work independently and in a team environment