BSA/AML Analyst

Firstrust Bank•Horsham, PA

3d•Hybrid

About The Position

The BSA/AML Analyst supports the design and execution of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance programs. The role assists with transaction monitoring, investigations, data analysis, trend and pattern identification, systems testing and tuning, and development of compliance solutions. It also helps identify and manage risk, facilitate engagement decisions, and enhance compliance programs. The analyst applies relevant regulatory requirements to the Bank’s business model, prepares reports to internal and regulatory standards, communicates with bankers and customers during investigations and monitoring, and advises and educates lines of business on compliance. The position also participates in assigned compliance projects and may support business development by identifying customer needs and directing customers to appropriate staff. The position is hybrid, with four days in the office and one day working from home; stated hours are 8:30 a.m. to 5:30 p.m.

Requirements

Three to five years of banking experience.
In-depth knowledge of BSA/AML/OFAC and related regulations.
Well organized and detail oriented.
Good analytical skills.
Excellent time-management, communication, and interpersonal skills.
Intermediate knowledge of Miser, Abrigo, LexisNexis, Microsoft Office, and Teams.

Nice To Haves

Accounting background or experience.
Financial expertise.
Investigative nature.
Knowledge of banking regulations and familiarity with financial crimes.
Familiarity with interview techniques and investigative practices.
Ability to develop and present reports.

Responsibilities

Assist with transaction monitoring, investigations, data analysis, and identification of trends and patterns.
Perform systems testing and tuning, and develop innovative compliance solutions.
Identify and manage risk, facilitate engagement decisions, and enhance compliance programs.
Apply BSA/AML/OFAC regulatory requirements to the Bank’s business model to support effective program execution.
Prepare reports that meet internal and regulatory standards.
Communicate with bankers and customers in investigations and monitoring efforts.
Educate and advise lines of business to ensure compliance.
Participate in assigned compliance projects.
Assist in developing new business by recognizing customer or prospect needs, suggesting appropriate services, and directing customers to the appropriate person.
Perform other duties as assigned.