BSA Analyst II

ServisFirst Bank • Birmingham, AL

5d

About The Position

The BSA Analyst II monitors daily activity related to 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, prepares and supports Suspicious Activity Reports (SARs), reviews Currency Transaction Reports (CTRs), and maintains documentation and high-risk account monitoring. The analyst also assists with ATM and Correspondent Banking customer reviews, supports branch staff with BSA/AML reporting questions, and maintains proficiency through compliance training and continuing education.

The role requires familiarity with applicable compliance regulations and policies, including the Bank Secrecy Act, Anti-Money Laundering Act, USA PATRIOT Act, Know Your Customer (KYC), Office of Foreign Assets Control (OFAC), and Customer Identification Program (CIP). The position is performed in a normal office environment with comfortable internal temperatures and low-level noise. Reasonable accommodations may be made for qualified individuals with disabilities to perform essential job functions. Additional duties may be assigned.

Requirements

• High school diploma or equivalent required.
• At least five years of banking experience, including two years involving BSA compliance activities.
• Prior experience with the Bank Secrecy Act, Anti-Money Laundering Act, and Office of Foreign Assets Control.
• Ability to understand and interpret BSA/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 and 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, investigate and recognize potentially fraudulent or suspicious 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 further investigation.
• Investigate cases for potential SAR filing and complete the required SAR forms.
• Prepare Suspicious Activity Reports as needed 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 required information for currency transactions exceeding $10,000 is submitted to FinCEN on time.
• Conduct initial and annual CTR exemption reviews.
• Develop, maintain, and review the centralized CTR Exemption list as needed.
• Assist branch staff with questions about reports and information required for BSA/AML purposes.
• Participate in compliance training and continuing education to maintain BSA/AML proficiency.
• Prepare detailed reports and documentation as needed.
• Follow applicable compliance regulations and policies and ensure compliance with them.

What This Job Offers

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