BSA Analyst II

ServisFirst Bank • Birmingham, AL

4d

About The Position

The BSA Analyst II performs daily monitoring activities for the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and assists management in ensuring compliance with applicable regulations, bank policies, and procedures. The role investigates suspicious activity, supports Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) processes, reviews high-risk accounts and customer relationships, and assists bank staff with BSA/AML reporting and information requirements. The analyst is also responsible for maintaining familiarity with applicable compliance regulations and policies and following and supporting compliance with them. Reasonable accommodation may be made to enable otherwise qualified associates or applicants with disabilities to perform essential job functions. Additional duties and responsibilities may be assigned.

Requirements

• High school diploma or equivalent required.
• Minimum five years of banking experience, including at least two years involving BSA compliance activities.
• Prior experience with the Bank Secrecy Act, Anti-Money Laundering Act, and Office of Foreign Asset Control.
• Ability to understand and interpret BSA and AML regulations, the USA Patriot Act, KYC, OFAC, CIP, and related regulations.
• Ability to type accurately using a keyboard.
• Effective verbal and written communication skills, including the ability to explain technical BSA/AML software processes clearly to employees.
• Ability to use Microsoft Outlook, Word, and Excel.
• Ability to gather and analyze information, thoroughly investigate, recognize suspicious or fraudulent activity, and make decisions.
• Knowledge of bank operations and products.
• Knowledge of basic accounting.
• Knowledge of and training on federal and state compliance laws.
• Excellent customer service skills.

Nice To Haves

• Bachelor’s degree preferred.

Responsibilities

• Review suspicious activity alerts and identify those requiring additional investigation.
• Investigate cases involving potential SAR filings and complete the necessary SAR forms.
• Prepare SARs as necessary and conduct follow-up investigations and reporting.
• Create and maintain documentation files supporting suspicious activity investigations.
• Maintain lists of high-risk accounts and conduct semi-annual reviews for suspicious transactions.
• Assist with ATM and Correspondent Banking customer reviews.
• Review daily CTRs completed by branch and back-office personnel.
• Compare core system cash transaction reports with CTRs generated in the BSA/AML monitoring system.
• Ensure information for currency transactions exceeding $10,000 is submitted to FinCEN in a timely manner.
• Conduct initial and annual CTR exemption reviews.
• Develop, maintain, and review the centralized CTR Exemption list as needed.
• Assist branch staff with BSA/AML reporting and information requirements.
• Participate in compliance training and continuing education to maintain BSA/AML proficiency.
• Prepare detailed reports and documentation as needed.
• Remain familiar with applicable compliance regulations and policies and follow and ensure compliance with them.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED