BSA Analyst Job Description Template
Our company is looking for a BSA Analyst to join our team.
Responsibilities:
- Reviews and researches transactions identified pursuant to the BSA;
- Maintain strong knowledge of current BSA and OFAC laws and regulations;
- Communicates with internal managers and escalates accounts as necessary;
- Responsible for conducting diverse and complex analysis of AML/BSA or Fraud compliance;
- Conducts AML investigations to detect and determine suspicious and/or illegal activity;
- Maintains detailed records of all information used in account investigation to clear or escalate an alert;
- Generate and assist with Suspicious Activity Reports (SARs) and Suspicious Activity Investigation Reports (SAIRs);
- Perform cash report review (to include review of Monetary Instrument Log ( MIL ) and bank checks issued);
- Perform wire activity and ACH periodic reviews;
- Review case management software, Financial Crimes Risk Management ( FCRM ), alerts and investigate alerts as required;
- Assist and perform High Risk Customer Reviews completed throughout the year;
- Facilitate and perform periodic (90 Day) SAR follow-up reviews.
Requirements:
- Basic computer skills, including Microsoft Word and Excel programs;
- Have 1+ year(s) of experience as an investigator;
- Experience with working in the BSA Department of community and commercial banks Certified Anti-Money Laundering Specialist (CAMS) designation a plus;
- Ability to work independently while acknowledging issues to escalate appropriately;
- Extensive knowledge of the BSA/AML, OFAC, KYC, USA Patriot Act & CIP requirements;
- Ability to communicate with colleagues and the BSA Officer regarding issues and findings;
- Skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines;
- Prefer Bank, broker/dealer, wire house or clearing firm experience;
- Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations;
- Strong knowledge of applicable financial, regulatory controls directly impacting the operations of the company;
- Ability to analyze complex documents and data and document synthesized narratives;
- Manage priorities and meet deadlines while producing quality work;
- Documented experience in oral and written communications including making presentations and preparing reports, or ability to demonstrate the same;
- Collecting and analyzing complex data, evaluating information and drawing logical conclusions;
- Strong research and analytical skills – ability to identify patterns, trends and potentially suspicious or questionable activity.