Risk Analyst I

Central Bank•Waukee, IA

19h•Onsite

About The Position

The Risk Analyst I performs foundational Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance activities under the guidance of the BSA Officer. This role focuses on transaction monitoring, alert review, documentation, and routine quality control to support the Bank's financial crimes compliance program.

Requirements

Associate’s degree required or equivalent work experience
2+ years experience in similar job duties

Responsibilities

Perform routine daily reviews of transaction monitoring reports, alerts, and logs in accordance with established procedures.
Identify, document, and escalate unusual or potentially suspicious activity to the BSA Officer or Risk Analyst II.
Assist with the preparation and documentation of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) under review.
Support customer and account risk profiling, including new account reviews and periodic updates.
Assist with periodic updates to the BSA/AML Risk Assessment.
Research and resolve alerts within automated BSA/AML/Fraud monitoring systems following established guidelines.
Maintain accurate documentation, audit trails, and records in accordance with retention requirements.
Assist with subpoenas, garnishments, and regulatory information requests as assigned.
Maintain working knowledge of applicable BSA, AML, OFAC, CIP, and USA PATRIOT Act requirements.
Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
Assist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate.
Perform other related duties and responsibilities as assigned by management.