BSA Analyst

Frandsen Corporation • Arden Hills, MN

271d • $48,000 - $70,000

About The Position

The BSA Analyst works with the BSA Officer to ensure the Bank's compliance with the applicable aspects of the Bank Secrecy Act, USA PATRIOT Act, OFAC and Customer Identification Program regulations (collectively the BSA Program) by monitoring activity for potential money laundering, financial crimes, and/or terrorist financing.

Requirements

• Bachelor's Degree or equivalent work experience
• Minimum 5 years banking experience with knowledge of Bank Secrecy Act regulatory requirements and/or other program related compliance functions
• Documented experience in oral and written communications including making presentations and preparing reports
• Certified BSA/AML Professional (CBAP) or similar certification is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling

Responsibilities

• Daily review of BSA related reports
• Complete thorough reviews of customers and transactions for potential money laundering and other financial crimes
• Prepare detailed AML investigation narratives
• Perform enhanced due diligence on current customer relationships in a timely manner
• Assist the BSA Officer with monthly SAR filings
• Assist with Verafin related projects
• Provide support to Bankers regarding BSA/AML related questions
• Assist in developing and updating policies, procedures, training materials

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• 401k
• Profit sharing
• Ancillary benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Management of Companies and Enterprises
• Education Level: Bachelor's degree