The BSA Analyst identifies, investigates, and mitigates high-risk customer relationships and transactions to ensure full compliance with AML/KYC regulations. In this role, you will conduct deep-dive investigations, review high-risk customer activity, and file Suspicious Activity Reports (SARs) to prevent illicit financial activities and protect the institution.
Key Responsibilities
- Analyze system-generated alerts for suspicious activity, such as structuring, money laundering, unusual wire transfers, or rapid movement of funds.
- Review Know Your Customer (KYC) and Customer Due Diligence (CDD) documentation for accuracy, ensuring 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 all investigations to satisfy regulatory exams and internal audits.
- Ensure organizational compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions.
- Manage complaints and alerts, ensuring all reports for regulatory authorities adhere strictly to AML laws.
Education and Experience
- College degree preferred.
- Strong, foundational understanding of the Bank Secrecy Act (BSA), PATRIOT Act, AML regulations, and OFAC requirements.
- Strong knowledge of fraud schemes impacting community banks (check fraud, ACH/wire fraud, account takeover, loan fraud, elder fraud, etc.).
- Excellent analytical, investigative, and communication skills.
- Excellent interpersonal skills: including use of professional and clear verbal communication and writing skills.
Physical Requirements & Working Conditions
- Ability to travel to branches, off-site training, and/or meetings required
- Lobby/professional office environment with moderate sound.
EOE m/f/d/v
