BSA Analyst

Job Title: BSA Analyst

Reports To: Sr. BSA Analyst

Positions Supervised: Not Applicable

FLSA Status: Exempt

Job Summary:

The BSA Analyst will be responsible for supporting the credit union’s Bank Secrecy Act Compliance Program by maintaining knowledge of the Bank Secrecy Act (BSA), Information Sharing, and Anti-Money Laundering regulations and performing duties in support of established policies and procedures. The ideal candidate will demonstrate a high level of integrity, be motivated to achieve desired results, maintain professionalism in all settings, hold themselves and others accountable, commit to the success of the bank, and work well in a team environment. ** This is a Hybrid/St. Louis position **

Job Responsibilities

The intent of this job description is to provide a representation of the types of duties and level of responsibilities required of this position and is not intended to be an exhaustive list of all responsibilities, duties, and skills. Team members may be directed to perform job-related tasks other than those specifically stated in this description.

• Performs periodic reviews and monitoring of high-risk consumer and commercial accounts in accordance with the Credit Union’s risk-based BSA program
• Run 314(a) checks regularly; research and resolve any matches or unusual activity identified through Verafin
• Review OFAC Watchlist alerts within Verafin and monitor the OFAC queue within the core system to ensure staff perform their OFAC alert reviews properly; provide training to staff when needed and provide feedback on staff shortfalls
• Review Currency Transaction Reports (CTR) for compliance, file them on a timely basis, and address documentation shortfalls provided by branch and operations staff; provide training to staff when needed and provide feedback on staff shortfalls
• Review Fraud Department case referrals; file Suspicious Activity Reports (SAR) on cases that fall within SAR filing guidelines on a timely basis and provide feedback to Fraud Department employees on their referrals when needed.
• Review Verafin BSA/AML alerts; file SARs on a timely basis when activity meets SAR filing guidelines
• Monitor 314(b) collaborations within Verafin
• Follow up on irregularities identified on newly opened accounts; work with managers to resolve issues
• Utilize internal and external resources to investigate and analyze potential fraud and money laundering; conduct suspicious activity investigations
• Deliver and coordinate BSA/AML training and continued education
• Assist during all periodic BSA/AML compliance reviews
• Promote a positive relationship between members (internal and external) and the Credit Union and understand that service delivery to members is the number one priority
  
  
  

Required Qualifications

An equivalent combination of education, training, and experience will be considered.

• High school diploma or equivalent
• 3 years of BSA experience
• Banking/financial services or related experience in preferred 3 years of related experience
  
  
  

Preferred Qualifications

• Associate’s or bachelors degree in a related field
• BSA Certification
  
  
  

Knowledge, Skills, And Abilities (KSA’s)

A representation of the knowledge, skills, and abilities necessary to perform this job competently.

• Knowledge of BSA/AML, OFAC, and related regulatory requirements in a financial services environment
• Skilled in using Verafin and related systems to monitor, analyze, and report account activity
• Skilled in reviewing data, identifying irregularities, and documenting findings with accuracy and clarity
• Ability to apply sound judgment and maintain objectivity when assessing potential risks or suspicious activity
• Strong attention to detail and consistency in managing confidential and regulated information
• Effective communication skills with the ability to collaborate across departments and levels of the organization
• Ability to build and maintain trust while handling sensitive or confidential matters
• Commitment to upholding compliance standards and promoting a culture of accountability
  
  
  

Work Environment

Environmental or atmospheric conditions commonly associated with the performance of this job’s functions.

• Flexible remote or hybrid (combination of remote & onsite) work environment; requires regular use of online tools, systems, and collaboration platforms
• General office setting when working onsite
• Occasional travel to branch locations, vendor sites, or other business-related locations
• Attendance at offsite meetings, events, or conferences as needed
  
  
  

Physical Abilities

The physical demands described below are representative of those that must be met by an employee to successfully perform this job’s essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Ability to work at a computer in a stationary position for up to 8 hours per day
• Ability to occasionally carry light materials (e.g., laptop, presentation materials)
• Ability to travel for business by car or air and stay in public accommodations as needed
  
  
  

Together Credit Union is an Equal Opportunity employer. The Credit Union complies with appropriate federal, state, and local laws and provides equal employment opportunities without regard to race, color, religion, gender, age, sexual orientation, gender identity or expression, national origin, military or veteran status, disability (including pregnancy), genetic information, or any other protected status to all qualified applicants and employees. Together Credit Union is committed to a policy of non-discrimination and dedicated to providing a positive discrimination-free work environment.