BSA Analyst I or II
About The Position
Bankers Trust is seeking a BSA Analyst I or II to join their team. This role supports, monitors, and maintains the Bank’s AML/CFT/CIP/OFAC Program to meet regulatory requirements. The level of the position (I or II) will depend on the candidate's experience. The BSA Analyst I performs day-to-day compliance functions and supports higher complexity processes, while the BSA Analyst II performs and oversees intermediate compliance functions, supports the BSA and Fraud department in higher complexity processes, and assists with internal BSA training initiatives. Bankers Trust offers a community-focused culture, competitive benefits, and a commitment to employee development, recognized through various awards such as "Best Place for Working Parents®" and inclusion awards.
Requirements
- At least five years of retail or operational banking experience required
- At least three years of AML/CFT/OFAC related experience preferred (BSA Analyst I)
- At least five years of AML/CFT/OFAC related experience preferred (BSA Analyst II)
- Four-year college degree in a related field preferred OR an equivalent combination of 4-6 years education and experience (BSA Analyst I)
- Four-year college degree in a related field preferred OR an equivalent combination of 6-8 years of education and experience (BSA Analyst II)
- Familiarity with Verafin is preferred
- Ability to obtain and maintain BSA certifications
Responsibilities
- Supports the Bank’s AML/CFT/CIP/OFAC Program by reviewing and investigating AML/CFT/OFAC alerts in the Bank's AML/Fraud monitoring solution.
- Creates cases and prepares Suspicious Activity Reports (SARs), when required.
- Reviews alerts and completes testing in the OFAC monitoring solution for wires.
- Performs reviews and monitoring of the Bank’s Customer Due Diligence (CDD) forms and processes to ensure timely collection of accurate information and appropriate customer monitoring.
- Reviews the filing of accurate and timely Currency Transaction Reports (CTRs) as well as completing the annual CTR Exception process.
- Maintains compliance with Section 314(a) of the USA Patriot Act.
- Monitors and maintains the Bank's Monetary Instrument Log.
- Supports audit and exam request lists.
- Tracks and reports new functionalities available in the Bank's AML/Fraud and OFAC monitoring solutions.
- Supports the maintenance of department system applications as well as user access rights.
- Completes public record checks and restitution payment processing for the Bank.
- Manages all aspects of the Bank's OFAC monitoring solution for wires and aligns with risk-based practices (BSA Analyst II).
- Manages all aspects of the Bank's Customer Due Diligence (CDD) requirements and aligns with risk-based practices (BSA Analyst II).
- Manages all aspects of the Bank's Currency Transaction Reports (CTRs) requirements, including CTR Exemptions (BSA Analyst II).
- Manages the Bank's compliance with Section 314(a) of the USA Patriot Act (BSA Analyst II).
- Manages all aspects of the Bank's Monetary Instrument Log requirements (BSA Analyst II).
- Serves as an active member of peer groups in the industry and in the Bank's markets (BSA Analyst II).
- Tracks, reports, and implements new functionalities available in the Bank's AML/Fraud and OFAC monitoring solutions (BSA Analyst II).
- Supports the maintenance and user access rights of the AML/Fraud monitoring solution (BSA Analyst II).
- Assists in the creation and delivery of periodic BSA related training for the Bank team members (BSA Analyst II).
- Performs other duties as assigned.
Benefits
- Group Health, Dental, and Vision Insurance
- Generous Paid Time Off (PTO)
- Volunteer Time Off (VTO)
- 401(k) plan with lucrative company match
- Tuition assistance
- Company Paid Life Insurance
- Paid Parental Leave
- Lifestyle Accounts that provide employees with reimbursement for the things that are most important to them such as childcare, student loan payments, gym memberships, pet insurance and much more.
- Team Member Banking - a suite of products and services with special benefits for employees
- Annual bonus program
- Incentives and/or commissions (for select positions)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
