BSA/AML Analyst ONSITE

South Central Bank Of KY•Louisville, KY

12h•Onsite

About The Position

South Central Bank, Inc. is seeking a qualified individual to fill the position of BSA/AML Analyst in our Louisville Market. This is an ONSITE position at one of our Louisville branch. The position of BSA/AML Analyst I-III supports the administration of the Bank’s program of compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) laws, Office of Foreign Assets Control (OFAC) regulations, and Customer Identification Program (CIP) requirements. The role is responsible for alert monitoring, investigations, regulatory reporting, new account verification, customer due diligence, and related compliance functions. Responsibilities increase in complexity and independence from Level I through Level III.

Requirements

High School Diploma/GED, or equivalent
Level I: Minimum of 2 years banking experience, preferably in retail
Level II: Minimum of 3–5 years banking or BSA/AML experience
Level III: Minimum of 5+ years BSA/AML investigative experience
Knowledge of MS Word and Excel
Ability to work independently with minimal supervision
Excellent written and verbal communication skills

Nice To Haves

Supervisory experience
Certified BSA/AML Professional (CBAP)
Experience in project management
Experience with automated BSA/AML monitoring systems
Associate or Bachelor’s degree in Accounting, Finance, Liberal Arts, or Psychology

Responsibilities

Maintain current knowledge of the BSA and all related AML and OFAC regulations and aid in the development of related procedures or revisions to the program.
Utilize the bank’s automated BSA/AML monitoring system and other reports to detect, investigate, and report suspicious activity as appropriate.
Perform thorough alert reviews with sufficient documentation to support a case review and possibly a SAR decision.
Prepare accurate and timely filings of CTRs and ensure required recordkeeping requirements.
Identify and prepare DOEPs for new CTR exempt customers identified who meet the requirements.
Complete yearly review of CTR exempted customers and revoke any previous CTR exempt customers when requirements are not met.
Review and process daily OFAC scans and document resolution of matches.
Process and review 314(a) scans as required.
Perform enhanced due diligence for customers identified as high risk, MSBs, independently owned ATM customers, and other elevated risk relationships.
Perform ongoing monitoring of customer accounts after a SAR has been filed.
Conduct new account verification and ensure proper CIP documentation is obtained according to policy and procedures.
Review and validate Customer Due Diligence (CDD) documentation and risk ratings.
Work new account and BSA exception tracking reports and assist in correcting deficiencies.
Complete quarterly employee account reviews as assigned.
Assist staff with any questions or concerns relating to CTRs and filings as well as aid bank staff regarding BSA issues and related inquiries.
Assist in the preparation of BSA audits and exams as it relates to CTRs, SARs, monitoring, and CIP.
Will serve as direct backup to other BSA functions as assigned.
Perform other duties and responsibilities as the need arises.
Assist in audit and compliance areas as directed by Management
Assist in new account verification area as directed by Management.
Preparation of monthly BSA reports to go before the Board of Directors.
Prepare, review, and/or file timely SARs.