Bank Secrecy Act Analyst

Hancock Whitney • New Orleans, LA

1d

About The Position

This role is within the BSA Department and involves examining automated system alerts and monitoring reports to identify potential fraudulent or problem accounts. The analyst will conduct in-depth analysis of customer and transactional data to detect suspicious activities based on knowledge of money laundering red flags, customer history, and regulatory definitions. Recommendations for mitigating risk to the Bank, including submitting Suspicious Activity Reports (SARs) and/or account closures, are a key part of the role. The position also requires preparing accurate SARs for management review, maintaining detailed case file documentation, and reviewing Customer Due Diligence/Enhanced Due Diligence information to ensure accuracy and appropriate risk ratings.

Requirements

• High school diploma or general education degree (GED)
• Minimum of 2 years of banking experience required
• Exhibits strong verbal and written communication skills.
• Demonstrated ability to multi task and prioritize workload in a fast paced environment.
• Strong analytical, problem solving and conceptual skills.
• Proficiency in MS Office.

Nice To Haves

• Bachelor’s Degree preferred
• BSA/AML, financial crime, risk management, or compliance experience preferred.
• Certified Anti-money Laundering Specialist (CAMS) is preferred.

Responsibilities

• Examine automated system alerts and/or monitoring reports to determine if situations meet the established criteria for investigating suspected fraudulent or problem accounts.
• Conduct analysis of customer and transactional information to identify potential suspicious or high risk situations based on a thorough understanding of money laundering red flags, historical customer activity and regulatory definitions of suspicious activity, and recommend appropriate actions to mitigate risk to the Bank, including submitting a Suspicious Activity Report (SAR) and/or account closure.
• Prepare accurate, thorough SAR’s for management’s review and submission.
• Maintain detailed documentation on each case file to provide support of findings and recommended actions.
• Review Customer Due Diligence/Enhanced Due Diligence information and customer risk scores to insure information is complete, accurate, and current, and risk ratings are appropriate, and recommend actions to mitigate risks to the bank, including possible account closure

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED