BSA Analyst

SOUTHEAST BANK•Knoxville, TN

1d•Onsite

About The Position

The BSA Analyst is responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and applicable federal regulations, helping protect the Bank from being used as a conduit for illegal activity. The BSA/AML program includes Currency Transaction Reports (CTRs), Office of Foreign Assets Control (OFAC), Suspicious Activity Reports (SARs), Customer Due Diligence (CDD), and the Customer Identification Program (CIP). The role assists with alert workloads and monitoring suspicious patterns, activity, and fraud; investigates suspicious activity and high-risk customer or account reviews; and escalates activity that may require a SAR. It may also assist with SAR filing. The analyst conducts enhanced due diligence reviews, including research, document gathering, preparation of professional narratives, recommendations, and risk-factor assignments. The position also performs 90-day SAR follow-up reviews, monitors daily wire notifications for potential OFAC matches, conducts required OFAC searches for new hires, assists with CTR preparation and submission, and supports information requests related to responsibilities such as 314(a) and 314(b). The analyst helps ensure adherence to the Bank’s BSA Program, including CIP, CDD/EDD/beneficial ownership, OFAC, and recordkeeping and retention requirements. The role also requires compliance with information-security guidelines, protection of confidential information, awareness of applicable policies and laws, participation in training and policy updates, and communication with supervisors and management. The employee works scheduled and other needed hours at designated locations, assists with scheduling and other issues as directed, accepts additional work as needed, and provides consistently positive and helpful service to internal and external customers.

Requirements

Proven experience in a BSA/OFAC/fraud function, or equivalent banking experience.
Excellent communication skills.
Attention to detail.
Ability to operate office equipment, telephones, and computers.
Ability to communicate fluently in English in person, in writing, and on a computer.
Ability to hear, speak, and understand verbal communication.
Ability to read, write, count, and perform basic math functions.
Ability to move the head, shoulders, neck, and arms freely, including for operating office equipment.
Manual dexterity and fine manipulation skills for keyboard use, equipment operation, filing, and similar tasks.
Ability to lift up to 10 pounds, grasp, reach, and pull.
Ability to sit for long periods, with periodic standing and walking.
Ability to think, remember, learn new information, and apply cognitive data to job functions.
Ability to assess and concentrate on mental and physical job tasks through completion.
Ability to work with others to share information and solve problems.

Nice To Haves

Three years of related BSA/AML/fraud experience.
Experience with Verafin or other BSA monitoring software.
Professional certification, such as Certified AML and Fraud Professional (CAFP).
Bachelor of Science degree in Finance or a related field, such as finance, law, or business administration.

Responsibilities

Assist with alert workloads and monitor suspicious patterns, activity, and fraud.
Investigate suspicious activity and high-risk customer or account reviews, and escalate potential SAR matters.
Assist with filing SARs when necessary.
Conduct enhanced due diligence reviews, including research, document gathering, writing narratives, making recommendations, and assigning risk factors.
Perform 90-day SAR follow-up reviews and recommend whether a continuing-activity SAR should be completed.
Participate in ongoing training to maintain current knowledge of BSA/AML and OFAC requirements.
Monitor daily wire notifications from Converge and WireXchange for potential OFAC matches and escalate them as appropriate.
Complete OFAC searches for new hires as required.
Assist with preparing and submitting CTRs within regulatory deadlines.
Assist with requests for information, including those related to 314(a) and 314(b) responsibilities.
Ensure identification and adherence to the Bank’s BSA Program, including CIP, CDD/EDD/beneficial ownership, OFAC, and recordkeeping and retention requirements.
Follow information-security guidelines, protect accounts and systems, identify potential threats, and relay concerns to the information security team.
Protect confidential and sensitive information and follow applicable policies, procedures, authorities, regulations, and laws.
Communicate with supervisors and management about policies, procedures, work conduct, and job functions; ask questions and raise concerns about suspected violations.
Participate in training sessions and policy updates as necessary.
Assist with coordinating scheduling as appropriate and support management with scheduling and other issues as directed.
Work scheduled and other needed hours at designated locations and assist managers or team members as needed.
Provide consistently positive, effective, and helpful service to internal and external customers.