Bank Secrecy Act Analyst I

BSA Analyst I

The BSA Analyst I is responsible for monitoring the organizations internal policies, procedures, and controls to assure compliance with anti-money laundering regulations and rules.

Duties and responsibilities include:

• Analyze AML system generated alerts against customers' profiles to determine whether or not the alert requires more review/analysis.
• Prepare BSA Reviews to address to the respective Business and Operations line Officers and their respective Regional Managers. Ensure timely resolution of alerts that become investigations. Render opinions and conclusions for each analysis.
• Provide the BSA Supervisor and/or the BSA Manager with any recommendations to file SARs.
• Provide ongoing assistance and AML guidance to Account Officers and other bank personnel to help ensure that the proper documentation is obtained to clear the reviews in a timely manner.
• Ensure that the AML system properly reflects the reviews conducted and the ultimate disposition of the review.
• Maintain the analysis record keeping requirements, audit trails and supporting documentation for later use during internal/external and regulatory examinations.
• Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues.

Minimum Education and/or Certifications Requirements:

Bachelors degree in Banking or Finance, and specific banking institute courses.

Minimum Work Experience Requirements: 1+ years experience in BSA or bank auditing

Technical and/or Other Essential Knowledge: Proficiency using Microsoft Office 365 products including MS Word, MS Visio, MS Excel, MS Teams, and MS PowerPoint Functional Skills & Knowledge Requirements: Must be a team player, have the ability to work under pressure, have a professional image and be able to resolve problems and conflicts. Must possess basic business communications skills such as advanced writing, listening and have basic office and mathematics skills, and customer service skills. Possession of professional skills such as report writing, basic statistics, effective presentation skills and creative skills are required.