BSA/AML Alert Analyst
About The Position
The BSA/AML Alert Analyst is primarily responsible for investigating various alerts (e.g., transaction monitoring, Office of Foreign Assets Control (OFAC), and Currency Transaction Reports (CTR)) utilizing various software systems to determine if the alerted activity is unusual, and subsequently escalating or clearing the alert as appropriate. The role also involves assisting in the Customer Due Diligence oversight process, including reviewing reporting metrics and collaborating with Retail Branches to resolve outstanding items. Additionally, the analyst will support the preparation of documentation for audits and examinations, while consistently demonstrating the Five Star Bank experience and high-performance behaviors.
Requirements
- High School Diploma or equivalent and 2+ years’ experience in Banking, Auditing, Criminal Justice, or Investigations
- Associate Degree and 1+ years’ experience in Banking, Auditing, Criminal Justice, or Investigations
- Knowledge of or ability to learn BSA/AML & OFAC regulations and requirements
- Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals
- Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines
- Ability to identify trends, interpret data and apply to workflows, compliance techniques and automation
- Possess a high level of attention to detail
- Ability to maintain a high degree of confidentiality
- Proficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilities
Responsibilities
- Reviews transaction monitoring alerts for unusual activity utilizing various systems, and recommends the alerts be escalated to case or cleared
- Ensures all processes are followed for Currency Transaction Reports (CTR) filing
- Performs daily Office of Foreign Assets Control (OFAC) Processing
- Assists in the Customer Due Diligence oversight process which includes review of reporting metrics and working with Retail Branches to address and resolve outstanding items.
- Assists in preparation of documentation for audits and examinations.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
Benefits
- Medical, Dental, and Vision Insurance
- Health Savings Account
- Flexible Spending Account(s)
- Company Paid Life Insurance, Long Term Disability, and Short Term Disability
- Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
- Tuition Reimbursement
- Employee Referral Program
- Wellness Reimbursement Program
- Star Volunteer Program
- Employee Banking and Financial Perks
- Paid Time Off (PTO)
- Company Paid Holidays
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
