BSA ANALYST - INDIANA

STAR Financial Bank•Fort Wayne, IN

5d•Onsite

About The Position

STAR Financial Bank is an Indiana-based community bank with over 80 years of experience, known for its quality service, personalized banking solutions, and innovative technology. As a community-focused institution, STAR actively engages in giving and volunteerism to improve its communities. The bank operates on core values including Honesty & Integrity, Accountability, Respect for All, Doing What’s Right, Commitment to Lifelong Learning, Community Leadership, Being Progressive, Celebrating Success, and Remaining Independent. STAR Financial Bank is an equal opportunity employer committed to diversity and inclusivity, ensuring fair treatment for all employees and applicants regardless of race, color, religion, gender, sexual orientation, gender identity, national origin, pregnancy, age, disability, genetic information, marital status, or veteran status.

Requirements

Minimum 3 years of bank experience relating to bank operations and compliance; experience working with the Bank Secrecy Act
High attention to detail and strong organizational skills
Excellent verbal and written communication skills
Proven ability to be a self-starter and work independently to meet deadlines
Demonstrated ability to document concerns accurately and timely
Intermediate skills in Microsoft Office Word, Excel, and Outlook

Responsibilities

Consistently conduct monitoring and trend analysis bank wide across a variety of business units to understand current state of BSA/AML program.
Support the BSA Officer by performing various transaction reviews within our transaction monitoring system, Verafin. This includes but is not limited to potential structuring, money laundering or terrorist financing.
Monitor and analyze daily alerts, review and submit Currency Transaction Reports (CTRs), document customer behavior patterns for customer due diligence reviews within applicable timeframes.
Maintain knowledge of the Bank Secrecy Act, OFAC, and other anti-money laundering regulations.
Research, collaborate, and communicate with multiple departments to investigate and mitigate potential suspicious activity.
Exercise solid judgment on examining information and document suspicious activity, behaviors, and patterns accurately and concisely.
Investigate and/or escalate potential OFAC or sanctions alerts, including name screening, transaction screening, and customer level reviews.
Escalate any findings or concerns relating to potential violations of BSA, AML, or OFAC, to the BSA Officer or BSA Administrator including but not limited to: High Risk customer identification and monitoring, Daily Anti-Money laundering software monitoring and analyzation, Suspicious activity.
Utilizing independent judgment, advise and support Compliance Department. Interpret policies/procedures and advise regarding BSA, CIP, and CDD day-to-day questions.
Conduct Risk Reviews and Cash Counts throughout the branch footprint, traveling to assigned locations to assess the institution’s compliance and risk profile. Communicate findings and discuss identified weaknesses with the Retail Management team throughout the review process.
Work with departments and BSA Officer to assess effectiveness of solutions or provide additional testing or monitoring for effective controls.