BSA Analyst II
About the position The BSA Analyst II is responsible for identifying, investigating, and documenting potentially suspicious financial activity to ensure compliance with Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and regulatory requirements. This role analyzes alerts generated by AML monitoring systems, CARFs, and 314(b) requests, as well as activity identified through manual reviews. This position in addition assists with special projects related to transaction monitoring, as directed by the Head of BSA or designee.
Responsibilities
- Conduct in-depth customer and transaction reviews using internal banking systems, public and internet-based research, and collaborate with internal stakeholders to determine whether account activity is consistent with expected customer behavior.
- Based on investigative findings, recommend appropriate actions to BSA Management, including the preparation and filing of Suspicious Activity Reports (SARs) with FinCEN.
- Perform ongoing monitoring of accounts with previously filed SARs, ensuring continued surveillance of unusual patterns or trends.
- Partner with account officers to address KYC deficiencies, issue Requests for Information (RFIs), and maintain comprehensive case documentation.
- Support strong investigative and compliance practices across the team.
- Mentor and guide the BSA Analyst I team.
Requirements
- Bachelor's Degree in Business Administration, Criminal Justice, or Finance.
- 3+ years of BSA/AML Analyst experience in the banking industry.
- Working knowledge of BSA monitoring software required.
- Combination of education and experience will be considered.
- Must be comfortable in shifting priorities.
- Must have thorough understanding of general banking principles; thorough knowledge of federal regulations affecting AML, BSA and OFAC.
- Must be able to work under tight deadlines and meet deadlines.
- Must have good project and time management skills.
- High quality service advocacy.
- Must possess strong analytical, organizational, interpersonal, verbal and written communication skills.
- Computer proficient in MS Office Software (e.g. Excel, Word, and Outlook).
Nice-to-haves
- Certified Anti-Money Laundering Specialist (CAMS) and/or other professional BSA/AML related certifications.