BSA Analyst

BCB COMMUNITY BANK • Bayonne, NJ

8d

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 involves conducting in-depth investigations, reviewing high-risk customer activity, and filing Suspicious Activity Reports to help prevent illicit financial activity and protect the institution.

Requirements

• Strong foundational understanding of the Bank Secrecy Act (BSA), 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 Know Your Customer (KYC) and Customer Due Diligence (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 Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to FinCEN.
• Maintain detailed, accurate records of investigations for regulatory examinations and internal audits.
• Ensure organizational compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions.
• Manage complaints and alerts and ensure reports for regulatory authorities comply with AML laws.

What This Job Offers

• Job Type: Full-time
• Education Level: No Education Listed