Job Summary
The BSA Analyst is responsible for compiling, monitoring and reporting of customer and account information regarding the Bank Secrecy Act and related laws and regulations.
In addition, the BSA Analyst is responsible for analyzing transactional data for suspicious activity as defined by the Bank’s Bank Secrecy Act and Anti-money Laundering policies.
Essential Job Duties
Assist with Bank Secrecy Act/Anti-Money Laundering research and completion of Currency Transaction Reports (CTR)
Complete OFAC and/ or 314(a) database scrubs after each list update
Assist with clearing BSA/AML software alerts utilizing Global Vision Patriot Officer (GVPO), including any additional adhoc monitoring reports, including the international wire monitoring reports
Perform daily reconciliation/ balancing of the bank’s Core and AML monitoring solution
Review the Beneficial Owners Report and ensure Beneficial Owners are on file, if applicable
Conduct new account Know Your Customer (KYC) quality control reviews
Monitor the information gathering process in conjunction with customer due diligence (CDD) procedures to ensure employees are gathering all required information
Conduct enhanced due diligence information gathering and reviews for high risk customers
Advise changes in transaction pattern of customers to BSA Management in order to update the monitoring process
Establishes and maintains effective liaison and communication with Business Units, Operational Units and any other employee of the bank to enhance resolution efforts and maintain BSA / AML policies and procedures
Examine Bank policies, procedures, and practices to ensure compliance with laws and regulations
Assist with compliance exams by gathering files, records, and other pertinent information for review by compliance examiners
Perform other duties and responsibilities as assigned by BSA Management
Job Qualifications
Must be able to perform all the essential duties of the position satisfactorily.
The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
High school diploma or equivalent.
Associates degree preferred in criminal Justice, Business Administration or equivalent preferred.
Minimum 2 years relevant work experience in banking/finance.
Minimum 1-3 years of BSA/AML experience in environment of similar size, scope and complexity.
CAMS, CFE, or equivalent certification preferred.
Computer & Software Skills
Must have foundational computer skills including Microsoft Office Suite (Outlook email and calendaring) and the Internet.
Travel
Occasional local travel.
Additional Information
Min: $51,000 Max: $80,000