BSA Administrator

Ives Bank•New Milford, CT

5d•Onsite

About The Position

The BSA Administrator plays a critical role in protecting the Bank from financial crime risks by supporting the monitoring, investigation, and reporting of suspicious activity. This position assists in ensuring compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC regulations, and all related anti–money laundering (AML) requirements. The BSA Administrator works closely with the BSA Officer and senior administrators to review alerts, investigate cases, prepare documentation, and support ongoing regulatory reporting.

Requirements

High School Diploma or equivalent required
Experience in BSA/AML/OFAC compliance, financial crime investigations, or branch operations
Strong investigative and analytical skills with the ability to evaluate complex information
High attention to detail when reviewing reports, account activity, and documentation
Ability to research, analyze data, establish facts, and draw sound conclusions
Working knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint)
Strong written and verbal communication skills
Ability to manage multiple tasks, meet deadlines, and work independently
Strong interpersonal skills and organizational abilities
Demonstrates high-quality work, strong attendance, and professional appearance
Excellent problem‑solving skills and ability to identify alternative solutions

Nice To Haves

Experience with AML monitoring systems such as Verafin or similar tools preferred
Experience with FIS systems is a plus

Responsibilities

Assist in reviewing and investigating alerts generated by the Bank’s AML monitoring system, including determining whether to close, escalate, or document cases
Identify unusual or suspicious transactions, including potential structuring, money laundering, terrorist financing, or other illicit activity
Document investigative findings clearly and thoroughly within the alert or case notes, including supporting documentation
Assist with investigations referred from branch or bank personnel and document findings accordingly
Review Currency Transaction Reports (CTRs) for accuracy and completeness, ensuring information is ready for filing
Support the preparation and review of OFAC reports, including identifying matched suspects and escalating as appropriate
Monitor daily and weekly alerts and assist with ongoing reporting requirements
Learn and apply BSA/AML/OFAC regulations, internal policies, and procedures, demonstrating increasing proficiency over time
Maintain compliance with all Bank policies, regulatory standards, and internal controls
Assist with departmental projects, audits, and examinations as needed
Maintain organized records and ensure confidentiality of sensitive information
Perform other duties as assigned