What are the responsibilities and job description for the BSA Analyst position at Bison State Bank and Careers?
About the Role:
Bison State Bank is seeking a motivated and detail-oriented BSA Analyst to join our Compliance team. This position plays a key role in maintaining the Bank’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) regulations.
The ideal candidate will have experience conducting Enhanced Due Diligence (EDD) reviews and assisting in the review and clearance of suspicious activity alerts. The role also includes responsibility for filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs), performing quarterly and annual MRB reviews, and communicating directly with cannabis-related customers to ensure regulatory and documentation requirements are met.
Key Responsibilities:
- Conduct Enhanced Due Diligence (EDD) reviews for MRB and other higher-risk customers.
- Perform quarterly and annual MRB reviews, ensuring completeness, accuracy, and timely follow-up.
- Effectively communicate with cannabis customers during EDD, quarterly, and annual reviews to obtain updated documentation and clarify business activity.
- Review, investigate, and clear suspicious activity alerts; escalate findings as appropriate.
- Assist with the preparation and filing of Suspicious Activity Reports (SARs).
- Accurately prepare and file CTRs in accordance with BSA regulatory requirements.
- Support ongoing Customer Due Diligence (CDD) efforts and periodic account reviews.
- Assist with regulatory examinations and internal/external audits by gathering and organizing requested documentation.
- Collaborate with other departments to ensure the completeness and accuracy of compliance reviews.
- Stay current on regulatory updates and evolving best practices related to BSA/AML/OFAC and cannabis banking.
- Maintain detailed and organized workpapers for all BSA-related reviews and filings.
- Perform additional duties as assigned to support the goals of the BSA Department and the Bank.
- Bachelor’s degree in Business, Finance, Criminal Justice, or a related field, or equivalent experience.
- 2 years of experience in BSA/AML compliance or a similar financial compliance role, preferred
- Familiarity with MRB banking and cannabis compliance expectations preferred.
- Strong analytical, communication, and investigative skills with attention to detail.
- Ability to communicate professionally and confidently with customers regarding compliance requirements.
- Working knowledge of BSA/AML/OFAC regulations, including SAR, CTR, CDD, and EDD processes.
- Proficiency in AML monitoring systems and Microsoft Office applications.
- CAMS or similar certification preferred, or willingness to obtain.
Why Join Bison State Bank?
- Be part of a community-focused institution that values integrity, teamwork, and service.
- Competitive compensation and benefits package.
- Opportunities for professional development and continued BSA/AML education.
- Supportive and collaborative work environment where your contributions make an impact.
- Compensation will be based on the experience of the candidate.