BSA Analyst

BSA Analyst

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