Bsa Analyst Jobs

About The Position

Requirements

• For the AVP-level role: at least 6 years of progressive experience in BSA/AML, fraud investigations, financial crimes compliance, or a closely related field within a financial institution.
• For the Senior-level role: at least 5 years of BSA and fraud experience.
• Advanced understanding of banking regulations and financial crime risks, including BSA, AML, OFAC, and the USA PATRIOT Act, as applicable to the position level.
• Experience conducting investigations involving suspicious activity, fraud, sanctions screening, elder financial exploitation, transaction monitoring, high-risk customers, or regulatory reporting, as applicable to the position level.
• Strong understanding of fraud typologies, money laundering methodologies, and financial crime threats.
• Excellent analytical, investigative, critical-thinking, and financial analysis skills, including the ability to identify patterns and anomalies and make sound, risk-based recommendations.
• Strong written and verbal communication skills, including the ability to explain complex compliance requirements clearly.
• Proficiency with computers and BSA/AML or fraud detection software; the AVP-level role also calls for experience with case management platforms, transaction monitoring software, and Microsoft Office applications.
• Experience with quality assurance, root cause analysis, data validation, or control testing, as applicable to the position level.
• Ability to organize workflow, manage multiple priorities, work independently, and perform in a fast-paced environment.
• Ability to maintain confidentiality when handling sensitive customer, employee, and Bank information.
• Ability to establish and maintain effective working relationships across departments.
• Ability to work scheduled full-time hours and maintain regular attendance.
• Ability to work in the office with minimal supervision.
• The position’s physical and mental demands include frequent writing, typing, speaking, listening, operating basic business equipment, sitting, walking, standing, reading, detailed work, problem solving, client contact, reasoning, math, presentations, communication, analytical work, and managing stress, concurrent tasks, and interruptions; occasional lifting of up to 15 pounds, pulling, squatting, kneeling, and reaching.

Nice To Haves

• Community banking experience.
• Experience with Verafin.
• Professional certification such as CAMS, CFE, CFCS, or CAFP; certification may be expected within a specified timeframe.
• Experience with depository financial institution processes and procedures or similar experience.

Responsibilities

• Investigate complex or escalated fraud, suspicious activity, sanctions, and Elder Financial Exploitation cases; document findings and make defensible, risk-based decisions.
• Identify unusual account activity and report or escalate suspected money laundering, fraud, and other suspicious activity to the BSA Officer in a timely manner.
• Prepare or support regulatory reporting, including Suspicious Activity Reports (SARs), and ensure investigations and filings meet applicable requirements.
• Conduct due diligence and enhanced due diligence reviews of high- and moderate-risk customers, including complex ownership structures, source of funds, expected activity, geographic exposure, and business purpose.
• Review customer risk designations and mitigating factors and establish or validate periodic enhanced due diligence review schedules.
• Maintain and update Watch List information; review OFAC, SDN, and other Watch List alerts and take required action.
• Perform quality-control, peer, and secondary reviews of investigations, SARs, BSA/Fraud alerts, customer risk reviews, CTRs, and related compliance functions for accuracy, completeness, timeliness, and adherence to policies and regulations.
• Evaluate and adjust AML software scoring and assist with transaction testing, data validation, and ongoing customization of monitoring systems.
• Support optimization of Verafin through agent tuning, alert calibration, workflow enhancement, and system customization, where applicable.
• Monitor and report data quality issues, conduct root cause analysis, trace issues upstream, and recommend solutions.
• Contribute to the development and implementation of Fraud, BSA, and AML processes, tools, policies, standards, and procedures.
• Monitor changes in laws, regulations, and financial crime risks; recommend process improvements and develop or revise policies, procedures, and disclosure agreements as needed.
• Serve as a subject matter resource on BSA/AML/OFAC/Fraud matters and disseminate information or answer questions.
• Assist with regulatory examinations and audits by gathering information and coordinating responses.
• Mentor and support less experienced team members, as applicable.
• Attend compliance seminars, webinars, and other outside training; assist with special projects and other assigned duties.
• Complete at least 10 CRA volunteer hours per year.

Benefits

• Compensable time for required CRA volunteer hours.
• Mileage reimbursement for CRA volunteer activities.