BSA AML Analyst I

BSA AML Analyst

Location: Lebanon, TN

Job Summary

The BSA AML Analyst I assists in identifying risks and monitoring compliance with various aspects of the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) requirements. This position investigates potential money laundering, financial crimes, and terrorist financing activity. The BSA AML Analyst I performs various quality control reviews and monitoring using industry standards and regulatory guidance to facilitate a strong BSA Compliance Program. This position reports to the BSA Manager and provides excellent service and support to team members and customers while demonstrating the Company’s values and supporting the mission.

Job Duties And Responsibilities

• Assist in identifying risks and monitoring compliance with various aspects of the Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) requirements
• Review, complete, and submit Currency Transaction Reports (CTRs)
• Review CTRs and core reports for potential suspicious activity
• Monitor alerts through the Bank’s AML software for potential suspicious activity
• Investigate potential money laundering, financial crimes, and terrorist financing activity
• Initiate potential suspicious activity cases in AML software
• Assist with identifying suspicious activities and preparing Suspicious Activity Reports (SARs)
• Assist BSA Officer in conducting Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD) reviews
• Perform 314(a) searches on customer identification file (CIF)
• Assist with preparation of annual BSA risk assessment and BSA policy revisions
• Assist bank regulators /external auditors during annual BSA examinations
• Assist with preparation and presentations for various BSA training sessions
• Review accounts held by foreign individuals to confirm proper documentation is on file
• Review all Red Flag exceptions for deposits and loans
• Assist BSA Officer and BSA Manager when needed
• Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; and participating in professional associations
• Adhere to compliance with all federal bank regulations and laws, including those for consumer protection and the Bank Secrecy Act/Anti-Money Laundering Program
• Attend training as requested
• Participate in outside community activities as required
• Perform other duties as assigned
  
  

Required Qualifications

• High school diploma or GED
• Bachelor's degree preferred
• 1 year of previous experience in BSA, banking, financial crimes investigation, or compliance preferred
• Basic knowledge of teller and new account opening systems
• Basic understanding of BSA requirements
• Knowledge of or ability to learn Verafin
• Proficient with Microsoft Office and other standard software applications
• Ability to focus on high level of detail verification
• Strong ability to multi-task
• Excellent organization and communication skills as well as the ability to interact in a helpful and professional manner
• Ability to work on multiple projects simultaneously while accomplishing daily tasks
• Effective verbal and written communication skills
• Excellent interpersonal skills
• Critical thinking and problem-solving skills
• High standards for integrity, honesty, professionalism, and work ethic
• Commitment to service excellence
• Ability to work independently while demonstrating excellent organization and follow through
• Demonstrate flexible and efficient time management and ability to prioritize workload
• Ability and willingness to work with purpose and a strong sense of urgency
• Self-motivated, positive, and enthusiastic
• Self-starter with a strong desire to exceed expectations
• Maintain confidentiality discretion
• Ability to interact with customers and employees in a friendly and professional manner
• Ability to effectively work in collaboration with others to achieve business objectives
• Participation in community events working extended hours as needed
• Willing to grow and be challenged