BSA Analyst
About The Position
The BSA Analyst identifies, investigates, and mitigates high-risk customer relationships and transactions to ensure compliance with AML/KYC regulations. The role conducts in-depth investigations, reviews high-risk customer activity, and files Suspicious Activity Reports (SARs) to help prevent illicit financial activity and protect the institution. The position analyzes system-generated alerts, reviews KYC and CDD documentation, validates customer risk ratings, and prepares SARs and Currency Transaction Reports (CTRs) for submission to FinCEN. It also maintains investigation records for regulatory examinations and internal audits and supports compliance with applicable laws and sanctions requirements.
Requirements
- Strong foundational understanding of the Bank Secrecy Act, PATRIOT Act, AML regulations, and OFAC requirements.
- Strong knowledge of fraud schemes affecting community banks, including check fraud, ACH/wire fraud, account takeover, loan fraud, and elder fraud.
- Excellent analytical, investigative, and communication skills.
- Excellent interpersonal skills, including professional and clear verbal communication and writing skills.
- Ability to travel to branches, off-site training, and/or meetings.
Nice To Haves
- College degree preferred.
Responsibilities
- Analyze system-generated alerts for suspicious activity, including structuring, money laundering, unusual wire transfers, and rapid movement of funds.
- Review KYC and CDD documentation for accuracy and ensure beneficial ownership information is current.
- Review and validate risk ratings for new and existing high-risk customers.
- Prepare, draft, and submit SARs and CTRs to FinCEN.
- Maintain detailed and accurate investigation records for regulatory examinations and internal audits.
- Ensure organizational compliance with the Bank Secrecy Act, USA PATRIOT Act, and OFAC sanctions.
- Manage complaints and alerts and ensure reports to regulatory authorities comply with AML laws.
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What This Job Offers
Job Type
Full-time
Education Level
No Education Listed
