BSA Analyst I

Description

The BSA Analyst I supports the Bank’s overall Bank Secrecy Act, Anti-Money Laundering, and Office of Foreign Assets Control compliance efforts by performing daily monitoring, review, and reporting activities to ensure adherence with regulatory requirements and internal policies. The role assists with transaction monitoring, customer due diligence, and suspicious activity investigations to maintain the integrity of the Bank’s compliance program. This position works under the direction of the BSA/AML Officer and contributes to the ongoing effectiveness of the Bank’s financial crime risk management framework.

• Review daily BSA/AML alerts generated through the Bank’s monitoring systems and perform preliminary investigations on suspicious or unusual activity.
• Assist with the preparation and filing of Currency Transaction Reports and Suspicious Activity Reports in accordance with established regulatory deadlines.
• Conduct customer due diligence and enhanced due diligence reviews for high-risk accounts and assist in periodic reviews and risk assessments.
• Support OFAC screening processes by reviewing and clearing potential matches in a timely and accurate manner.
• Maintain organized and complete documentation to support audit trails, quality control reviews, and regulatory examinations, ensuring all case files meet internal QC standards and are fully supported.
• Assist in identifying trends, anomalies, or emerging risks, and escalate findings to the BSA/AML Officer for further review.
• Participate in data validation, rule tuning, and periodic testing of the AML monitoring system as directed.
• Contribute to departmental reporting, including the tracking of metrics, case status updates, and quality assurance results.
• Maintain current knowledge of BSA/AML and OFAC regulations through ongoing training and professional development.
• Perform other related duties or special projects as assigned.

Requirements

• Strong analytical and research skills with attention to detail and accuracy.
• Ability to interpret data and identify suspicious trends or patterns.
• Excellent organizational and written communication skills.
• Capacity to work independently while maintaining effective collaboration with team members. High ethical standards and discretion when handling sensitive information.
• Proficiency in Microsoft Office (Word, Excel, Outlook); experience with AML monitoring systems preferred, including exposure to case management systems.

Experience

• Bachelor’s degree in Accounting, Finance, Business, or related field required.
• Professional certification (CAMS, CIA, or CRMA) preferred.
• 2-4 years of experience in banking, compliance, risk management, or related field preferred.
• Familiarity with BSA/AML, USA PATRIOT Act, and OFAC regulations preferred.
• Experience working with AML monitoring systems or case management tools beneficial.
• Experience with alert documentation standards or QC-reviewed casework is a plus.

Benefits

• 401K
• Health Insurance
• Dental Insurance
• Vision Insurance
• Health Savings Account
• Flexible Spending Account
• Employee Assistance Program
• Paid Time Off