BSA ANALYST JOB DESCRIPTION

A BSA Analyst is the person a bank calls when a wire transfer pattern looks wrong. Without this function, Currency Transaction Reports go unfiled, OFAC hits go unresolved, and FinCEN deadlines slip - exposing the institution to regulatory enforcement and civil money penalties. The BSA Analyst owns day-to-day transaction monitoring, suspicious activity investigation, and SAR preparation within the bank's BSA/AML compliance program. Sitting inside the compliance department, this role answers directly to the BSA Officer and operates under frameworks established by the Bank Secrecy Act and USA Patriot Act.

As the BSA Analyst, you will monitor account activity across low-, medium-, and high-risk customer segments to detect money laundering, cash structuring, and sanctions exposure, producing SARs and CTRs that keep the institution compliant with FinCEN reporting requirements. You will work within the BSA/AML compliance team, supporting the BSA Officer and collaborating with branch personnel, internal auditors, and law enforcement contacts as cases require.

Career Impact: Hands-on SAR writing and EDD review experience builds the case investigation portfolio that supports CAMS certification and positions analysts for senior BSA or financial crimes roles within regulated institutions.

Business Impact: Every alert cleared, SAR filed, and CTR submitted on time directly determines the bank's standing in regulatory examinations and reduces exposure to BSA enforcement actions that carry institutional-level consequences.

Growth Opportunity: The analytical and investigative skills developed in this role - case narrative writing, OFAC screening, and CDD/EDD review - increase market value across compliance, fraud, and financial crimes career tracks.

• Monitor transaction monitoring system alerts for low-, medium-, and high-risk accounts to identify unusual or suspicious activity patterns.
• Investigate suspicious activity cases by gathering supporting documentation and preparing detailed SAR narratives for BSA Officer review.
• Prepare and submit Currency Transaction Reports within FinCEN-mandated timeframes, including secondary quality control reviews for accuracy.
• Conduct Enhanced Due Diligence reviews on high-risk customers and entities to validate risk ratings and identify activity inconsistent with customer profiles.
• Review OFAC alerts for new and existing customers and escalate potential sanctions matches to appropriate compliance management.
• Perform 314(a) and 314(b) information sharing requests within required FinCEN deadlines and respond to law enforcement inquiries as directed.
• Evaluate CIP documentation for new business and consumer accounts to confirm compliance with Know Your Customer requirements.
• Support BSA audits and regulatory examinations by compiling case files and providing documentation of investigative findings.

• Bachelor's degree in business, finance, criminal justice, or a related field, or equivalent work experience.
• 3 or more years of BSA/AML compliance experience, with demonstrated exposure to SAR preparation, CTR filing, and alert investigation in a depository institution.
• Working knowledge of the Bank Secrecy Act, USA Patriot Act, OFAC regulations, and FinCEN reporting requirements.
• Ability to analyze transaction data, identify money laundering red flags, and document investigative conclusions clearly and accurately.
• Strong written communication skills, with experience producing case narratives or compliance reports for management review.
• Proficiency in spreadsheet and document software for maintaining case files, tracking exemptions, and preparing regulatory submissions.
• Ability to manage concurrent investigations under strict regulatory deadlines with a high degree of accuracy and attention to detail.

• Certified Anti-Money Laundering Specialist (CAMS) designation, or active enrollment with completion required within the first year of employment.
• Prior experience conducting EDD reviews on complex or high-risk relationships, including cannabis businesses, money service businesses, or correspondent banking customers.
• Familiarity with automated AML alert management and case management platforms used in community or regional banking environments.
• Experience supporting regulatory examinations or internal BSA audits, including preparation of documentation for examiner review.

• SAR filing rate on time, measured against FinCEN's 30-day and 60-day reporting deadlines.
• CTR accuracy rate, reflecting the percentage of reports passing secondary quality control review without revision.
• Alert disposition volume per period, tracking the number of cases cleared relative to assigned workload targets.
• 314(a) response rate within the required two-week FinCEN window across all applicable request cycles.
• EDD review completion rate, measuring on-time periodic reviews for the high-risk account portfolio.
• Typical tools: AML transaction monitoring platforms (commonly Verafin or similar community banking systems), FinCEN BSA E-Filing system, and Microsoft Office including Excel and Word.

• Base Salary Range: $55,000 to $80,000 annually, varying by experience and institution size.
• Bonus: Discretionary annual bonus, typically 5 to 10 percent of base salary.
• Equity: Not standard for this role at most banking institutions.
• Health Benefits: Medical, dental, and vision coverage standard across most bank employers.
• PTO: 15 to 20 days annually, plus federal banking holidays.
• Common Perks: Employer-sponsored CAMS exam reimbursement, continuing compliance education, and tuition assistance at larger institutions.

Figures are estimates based on general US market benchmarks and may be outdated. Adjust based on location, company size, and seniority level.

Employment decisions are made without regard to race, color, religion, national origin, sex, age, disability, veteran status, or any other characteristic protected under applicable federal, state, and local law. Candidates requiring a reasonable accommodation during the application or hiring process may request one at any time. Employment in this role is contingent on successful completion of a background check, which may include a review of credit history given the financial compliance nature of the position. All candidates must be authorized to work in the United States prior to hire.

The BSA Analyst owns the end-to-end review of customer transactions to detect and report suspicious activity, including kiting, cash structuring, and wire transfers. Reporting outcomes to management, the analyst ensures the organization meets daily BSA/AML/OFAC compliance obligations across currency reporting and regulatory deadlines.

Key Responsibilities

• Utilize BSA/AML/OFAC/USA Patriot Act monitoring systems to identify trends and unusual activity.
• Determine if transactions are suspicious in nature, including kiting, cash structuring, and wire or ACH transfers.
• Manage and review the BSA/AML/OFAC work list.
• Manage exception reports and resolve discrepancies with bankers.
• Assist with Alerts/EDD reviews to determine if further action is required.
• Prepare Currency Transaction Reports, Questionable Activity Reports, and Suspicious Activity Reports.
• Evaluate BSA risks as identified in the Federal Financial Institutions Examination Council.
• Communicate results to management and manage deadlines to regulatory requirements.

Required Qualifications

• Bachelor's degree or equivalent work experience required.
• 3-5 years of BSA/AML, KYC, or FinCEN experience required.
• Knowledge of BSA/AML, KYC, and FinCEN related laws and regulations.
• Strong writing, analytical, and communication skills.
• Ability to multi-task, complete projects on time, and work independently with little supervision.
• Proficiency in Microsoft Office, highly skilled in Word and Excel.

Embedded within WPCU's compliance function, the BSA Analyst synthesizes transaction data to support BSA/AML and OFAC regulatory adherence, including 314(a) and 314(b) requests. Working closely with management and business units, the analyst identifies control gaps and delivers guidance that strengthens the credit union's day-to-day monitoring program.

Core Functions

• Support WPCU's BSA/AML/OFAC program by conducting day-to-day monitoring, reporting, and 314(a) and 314(b) requests.
• Report gaps in processes and operating controls to management to ensure risk mitigation.
• Research compliance inquiries related to BSA and provide guidance to the business.
• Assist with developing and revising practices and procedures as they relate to the AML program.
• Support the oversight of regulatory compliance audits and examinations.
• Provide and monitor BSA training as necessary.

Qualifications and Experience

• Bachelor's degree in a business discipline.
• At least 3 years of experience in a depository financial institution, with at least 2 years in a BSA/AML compliance role.
• Strong analytical skills.
• Excellent written and verbal communication skills.
• Completion of annual education and training in BSA compliance.

Reporting to compliance leadership, the BSA Analyst manages AML and fraud detection systems to ensure adherence to FinCEN Regulations, USA Patriot Act, and Bank Secrecy Act requirements. Partnering with internal auditors, external regulators, and law enforcement, the analyst delivers trend analysis and periodic reporting that keeps the institution's detection program current and effective.

Primary Duties

• Review and analyze various reports related to currency and transaction monitoring.
• File reports with regulatory authorities as required by law and regulation.
• Analyze cases to determine trends and recommend adjustments to detection system parameters.
• Develop and prepare periodic reporting for management and continuously improve reporting processes.
• Act as liaison to internal auditors, external regulators, other financial institutions, and law enforcement agencies.

Skills and Qualifications

• High school diploma or equivalent and 2-4 years of operational experience, or a combination of education and experience.
• Knowledge of AML, BSA, USA Patriot Act, OFAC, and FACT Act regulations in the financial services industry.
• Excellent communication and report writing skills.
• Strong analytical skills including the ability to research, analyze, and present investigative findings to management.
• Strong interpersonal and organizational skills with excellent attention to detail.

Sitting at the intersection of customer transaction monitoring and regulatory reporting, the BSA Analyst assists the BSA Analyst Department with BSA/AML oversight using a designated Patriot Officer and independent reports. Operating across daily OFAC reviews, CIP checks, and Currency Transaction Report preparation, the analyst supports the bank's front-line compliance with FinCEN thresholds and recordkeeping requirements.

Duties

• Monitor customer and non-customer activity, perform research, and prepare Currency Transaction Reports when transactions meet reportable BSA thresholds.
• Monitor cash purchases of monetary instruments and maintain the Monetary Instrument Log when purchases meet recordkeeping requirements.
• Prepare Suspicious Activity Reports as needed for activity types including ACH transactions, wire, monetary instrument purchases, ATM activity, and cash transactions.
• Conduct CIP review daily to ensure compliance with BSA guidelines.
• Review OFAC reports for new customers daily and conduct bi-weekly review of the 314A Special List from FinCEN.

Experience and Qualifications

• High school diploma required.
• Prefer Bank Secrecy Act and general banking knowledge.
• Proficient in Excel and Google Apps.
• Good communication skills with attention to detail.
• Ability to adapt to change and work in a fast-paced, team-oriented environment.

A key member of the BSA/AML and OFAC compliance team, the BSA Analyst II supports transaction monitoring, alert clearing, SAR writing and filing, and CTR processing across complex case and Continuing Activity Reviews. Collaborating across business and operations teams, the analyst delivers subject matter expertise and investigative recommendations that protect the institution from financial crime exposure.

Accountabilities

• Conduct complex case and Continuing Activity Reviews, completing Suspicious Activity Reports and presenting at SAR Committee.
• Support the preparation, review, and submission of Currency Transaction Reports within required timeframes.
• Escalate potentially unusual or suspicious activity or potential OFAC/sanctions issues as appropriate.
• Provide subject matter expertise and guidance to business and operations teams on BSA/AML and OFAC policies.
• Leverage understanding of suspicious activity scenarios and automated alert and case management systems to complete investigations.
• Research, resolve, and conduct AML investigations on alerts, often of a complex nature.
• Support compliance with 314(a) and 314(b) information sharing responsibilities and respond to law enforcement inquiries.
• Support reviews of customer accounts to comply with CDD/EDD program requirements.

Minimum Qualifications

• Bachelor's degree or a minimum of eight years of directly related experience.
• Financial crimes certifications such as ACAMS, CAFP, or ACSS, or ability to complete within first year.
• Minimum three years of BSA/AML experience reviewing alerts, investigating cases, and developing recommendations.
• Knowledge of the Bank Secrecy Act, USA Patriot Act, and OFAC regulations.
• Strong analytical, critical thinking, and research skills including open source and internet research.
• Proficiency in Excel, Word, PowerPoint, and project-related tools, with familiarity with Verafin and Fiserv/DNA preferred.

Compliance with BSA/AML/OFAC regulations depends on the Senior BSA Analyst, who assists the Senior BSA Manager by independently evaluating Transaction Monitoring alerts, preparing SAR narratives, and conducting CIP quality assurance reviews. Based within the bank's compliance department, the analyst provides guidance to junior analysts and contributes quarterly data to the Compliance Committee of the Board.

Leadership Responsibilities

• Review and evaluate Transaction Monitoring system alerts for Low, Medium, and High-Risk accounts as assigned.
• Review and evaluate customer transactions upon referral from other Bank departments or as directed.
• Identify and refer potentially suspicious activity by grouping suspect transactions and gathering supporting documentation.
• Complete investigations of potentially unusual or suspicious transactions by preparing investigation narratives and gathering documentation.
• Prepare SARs in accordance with departmental procedures and templates.
• Perform additional due diligence and analysis for high-risk customers as directed by the Senior BSA Manager.
• Perform quarterly CIP quality assurance reviews and annual CTR Exemption reviews.
• Assist with BSA/AML compliance training development and updates for new employees and other Bank departments.

Education and Experience

• Bachelor's degree or equivalent job experience required.
• CAMS certification is a plus.
• Minimum five years in financial services, with at least three years in BSA/AML/OFAC compliance analysis and investigation.
• General understanding of BSA/AML and OFAC laws, regulations, and guidance.
• Strong transactional research, analytical, multitasking, and problem-solving skills.
• Proficiency in Microsoft Office including Outlook, Word, Excel, and PowerPoint.
• Excellent verbal and written communication, organizational, and follow-up skills.

As the BSA Analyst II, this role focuses on Alert Clearing and Case Management within the Verafin System, analyzing system-generated alerts from branches, business units, subpoenas, 314(a) requests, and OFAC to identify unusual or suspicious activity. The BSA/AML compliance team relies on this work to produce timely SAR narratives, EDD reviews, and Customer Due Diligence findings that support day-to-day regulatory obligations.

Job Functions

• Conduct in-depth case investigations, document results, and provide recommendations with supporting conclusions to BSA Management.
• Write Suspicious Activity Report narratives where applicable.
• Make recommendations as to account closeouts and restrictions based on investigation results.
• Conduct periodic enhanced due diligence reviews and annual exempt customer reviews.
• Analyze customer behavior and activity patterns of low, medium, and high-risk customers to determine if custom settings need to be applied.
• Assist in the timely research of and response to 314(a) requests to ensure compliance with FinCEN deadlines.
• Conduct Customer Due Diligence inclusive of customer meetings and site visits due to abnormal or suspicious activity.

Background and Experience

• Bachelor's degree required.
• Certified Anti-Money Laundering Specialist (CAMS) preferred.
• 3-5 years of experience in BSA/AML compliance.
• Knowledge of BSA, AML, USA Patriot Act, KYC, and OFAC regulations.
• Knowledge of banking and branch operations, including databases and websites used in suspicious activity investigations.
• Proficiency in office software with excellent written and oral communication skills.
• Ability to analyze business situations, identify problems, and choose appropriate solutions.

Junior BSA Analyst reviews new account documentation and AML monitoring system alerts to ensure BSA/CIP/KYC compliance, including SAR preparation and OFAC alert review. The work directly supports branch personnel and management by validating client information, resolving discrepancies, and maintaining current Customer Due Diligence and Enhanced Due Diligence records.

What You'll Do

• Review new account documentation to ensure compliance with BSA policy pertaining to CIP and KYC.
• Review alerts generated by the AML monitoring system for compliance with BSA/AML regulations.
• Communicate with branch personnel and management to obtain and validate client information and resolve discrepancies.
• Perform independent analysis for cases involving potential suspicious activity.
• Complete Suspicious Activity Reports and submit to management for approval.
• Perform OFAC alert reviews generated by the internal system and guide branch network on potential OFAC hits.
• Review and prepare Currency Transaction Reports for e-filing.
• Perform research to review and update Customer Due Diligence and Enhanced Due Diligence.

Professional Experience

• Minimum 1-3 years of direct work experience in BSA risk analysis or equivalent banking and financial investigations experience.
• CAMS certification desirable, with completion required within the first year of employment.
• Working knowledge of OFAC, BSA/AML, USA Patriot Act, and risk management principles.
• Knowledge of core banking systems and BSA monitoring systems including Verafin.
• Strong proficiency in Microsoft Word, PowerPoint, and Excel.
• Strong internet research skills with sound analytical and problem-solving skills.
• Excellent time management, verbal, and written communication skills.

The BSA Analyst II delivers quality-controlled Currency Transaction Reports and SAR narratives while supporting entry-level analysts across case completion and fraud case reviews. Reporting within the BSA Team, the analyst identifies money laundering patterns, researches customer information across banking platforms and public databases, and contributes to procedure improvements that strengthen the compliance function.

Day-to-Day Responsibilities

• Provide support and guidance to analysts on the BSA Team.
• Recommend SAR filings by presenting evidence and reasoning for the filings.
• Quality control CTRs completed by Analyst I and prepare CTRs for filing as needed.
• Complete initial SAR reviews, 90-day reviews, and compose comprehensive narratives for SAR filing.
• Assist with the review of fraud cases to determine if a case meets regulatory SAR filing requirements.
• Identify patterns and trends consistent with money laundering and fraudulent activities.
• Research customer information using banking platforms, public databases, and websites.
• Contribute to enhancing BSA procedures and work instructions.

Knowledge Skills and Abilities

• Bachelor's degree or equivalent work experience.
• CRCM, CAMS, CPA, or CIA certifications preferred.
• At least three years of applicable work experience.
• Basic understanding of banking operations, procedures, and requirements preferred.
• Critical thinking and judgment to accomplish tasks with experience writing succinctly and clearly.
• Proficiency in technology tools with excellent communication and organizational skills.
• Ability to work under the pressure of strict deadlines with professionalism and initiative.

Embedded within Deloitte's CoRe services operations, the BSA Analyst produces functional requirements by translating business needs into documented application changes and defect resolutions within the Dayshape platform. Working closely with the Dayshape vendor, Deloitte Technology, and global support teams, the analyst tracks Service Now tickets and SLEs to ensure services are executed within agreed SLA parameters.

Scope of Work

• Document changes made by vendor and map them to business processes.
• Monitor and work on Service Now tickets and associated SLEs.
• Conduct and lead daily triage of tickets and track incidents to closure.
• Foster relationships with the Dayshape vendor, Deloitte Technology, global support teams, and member firm contacts.
• Work on defects and change requests based on upgrades and system maintenance.
• Create reports for leadership and execute services within SLA requirements.

Technical Qualifications

• Bachelor of Engineering or Bachelor of Technology required.
• 3+ years of experience in a similar role within an enterprise organization.
• Experience in application documentation, facilitation, and Agile development processes.
• Knowledge of VSTS (Azure DevOps) or any defect management tool.
• Exposure to SAFe agile process and application production support desirable.
• Advanced written and oral communication skills in English with strong analytical and evaluation skills.
• Detail oriented and organized with ability to define operational user requirements.

Reporting to the BSA Officer, the BSA Analyst refines the bank's compliance posture by preparing and filing Currency Transaction Reports, reviewing AML software alerts, and supporting BSA audits and examinations. Partnering with the BSA Officer and branch teams, the analyst helps develop policies and procedures that maintain adherence to applicable state and federal Bank Secrecy Act regulations.

Role Responsibilities

• Assist in the coordination and support of BSA audits and examinations.
• Assist in developing the Bank's BSA policies and procedures.
• Prepare and file Currency Transaction Reports.
• Review and disposition alerts generated from the bank's Anti-Money Laundering software.
• Conduct onboarding review of new business accounts and prepare and file Suspicious Activity Reports.
• Assist with high-risk account reviews, CTR exemptions, and other program-level tasks as needed.
• Support the BSA Officer to ensure program compliance.

Position Requirements

• Proficiency in Excel and Word.
• Willingness to increase knowledge of compliance regulations.
• Strong attention to detail and organizational skills.
• Ability to work independently and collaboratively with others.
• Ability to adapt to change and take instruction from supervisor with proficiency in bank technology systems.

A key member of the bank's compliance function, the BSA Analyst oversees daily monitoring of OFAC alerts, KYC alerts, and high-risk account reviews to ensure full alignment with Patriot Act, BSA, and AML regulations. Collaborating across lines of business and communicating findings to senior and C-suite associates, the analyst maintains procedures for CTR, SAR, and Proactive Monitoring that protect the institution's regulatory standing.

Operational Focus

• Review and record all compliance relating to Patriot Act, OFAC guidelines, BSA, and AML related regulations and rules.
• Monitor OFAC alerts and alerts through bank's software and ensure all monthly alerts are completed and closed.
• Assess the validity of KYC alerts relating to deposits and commercial loans.
• Complete review of high-risk accounts, including transactions, and flag any suspicious activity.
• Assist with maintenance of procedures for CTR, SAR, BSA Program, and Proactive Monitoring.
• Evaluate daily reporting including FinCEN requests.

Required Qualifications

• CAMS certification required.
• At least 3 years of experience within transaction monitoring.
• Strong knowledge of banking regulations and consumer compliance.
• Strong computer and Microsoft Office Suite skills.
• Experience working cross-functionally across multiple lines of business.
• Ability to effectively communicate with senior level and C-suite associates both verbally and in writing.

As the BSA Analyst, this role executes day-to-day business analysis activities across CoRe services, facilitating stakeholder elicitation sessions and translating requirements into user stories within enterprise platforms. The CoRe services operations team relies on this work to bridge development and architecture teams, ensuring requirements are transformed into functional deliverables through Agile methodology.

Key Deliverables

• Facilitate requirement elicitation sessions with stakeholders.
• Articulate requirements into user stories by guiding team members.
• Liaise with development and architecture teams to transform requirements into actual functionality.
• Assist testing and UAT activities along with stakeholders.
• Attend daily standups with development teams and groom the product backlog regularly.

Experience and Qualifications

• Bachelor of Engineering, Bachelor of Technology, or MCA required.
• CBAP certification preferred.
• 3-6 years of experience in a similar role within an enterprise organization.
• Experience in Agile methodology and the Service Now platform or similar tools.
• Knowledge or experience of data management and visualization tools like Tableau.
• Experience working in enterprise platforms with strong analytical and communication skills.

BSA Analyst I coordinates new account documentation, CIP validation, and on-site cannabis business monitoring to ensure the bank meets regulatory requirements across a specialized account portfolio. The work directly supports the compliance committee and branch teams by delivering accurate Currency Transaction Reports, Suspicious Activity Reports, and high-risk account reviews tied to cannabis business operations.

Areas of Ownership

• Ensure proper new account documentation is obtained prior to opening accounts and conduct CIP review and validation.
• Perform on-site cannabis business monitoring as necessary.
• Update risk assessments for cannabis-related businesses and review state licensing requirements for various account types.
• Collect and review corporate records, ownership information, financial statements, and business licenses.
• Monitor and review day-to-day transactions related to cannabis business accounts.
• Monitor cash transactions and complete the filing of Currency Transaction Reports as needed.
• Complete and file Suspicious Activity Reports accurately and conduct high-risk account reviews.
• Maintain files, participate in bank training, and perform other compliance department duties as assigned.

Education and Experience

• High school diploma or GED with two years of banking experience preferred.
• Basic skills in computer terminal and personal computer operation including word processing and spreadsheet software.
• Effective oral, written, and interpersonal communication skills.
• Ability to maintain confidentiality and work with minimal supervision.
• Excellent social and networking skills with proven ability to provide an excellent customer experience.
• Effective time management skills with the ability to deal with routine problems involving multiple variables.

The BSA Analyst works with the BSA Officer to administer the Bank Secrecy Act/Anti-Money Laundering Program, conducting CTR reviews, SAR investigations, and high-risk account monitoring in accordance with federal regulations. Serving as a direct partner to the BSA Officer and branch teams, the analyst develops procedures, performs bi-weekly 314a searches, and ensures new account documentation meets current BSA standards.

Strategic Responsibilities

• Review Currency Transaction Reports for adherence to established procedures and accuracy and submit CTRs electronically.
• Review daily and monthly reports following guidelines for Suspicious Activity Reports and document suspicious activity reviews for the SAR Committee.
• Obtain documentation and assist with SAR investigations and perform follow-up reviews as necessary.
• Analyze cases involving suspicious activity and present to BSA Officer for review.
• Review documentation for all new business and consumer accounts and verify risk ratings assigned.
• Monitor all high-risk accounts in accordance with the established monitoring schedule, including reconciliation and risk rating changes.
• Perform bi-weekly 314a list searches and review new account documentation from branches for accuracy.
• Stay current with changes in BSA regulations and develop related procedures with the BSA Officer.

Qualifications and Experience

• High school diploma or equivalent required, some college desired.
• Minimum three years of banking experience including branch and platform experience.
• Knowledge of Bank Secrecy Act regulatory requirements including CTRs and SARs, and basic knowledge of banking regulations.
• Strong organizational and time management skills with a high degree of accuracy and attention to detail.
• Computer literate with knowledge of Microsoft Office, Excel, Word, PowerPoint, and internet search tools.
• Strong analytical skills with excellent verbal and written communication skills.
• Ability to maintain confidentiality and interact effectively with all levels of management.

The BSA Analyst II manages daily monitoring of Bank Secrecy Act/Anti-Money Laundering compliance activities, conducting suspicious activity investigations, SAR filings, CTR reviews, and semi-annual high-risk account assessments. Reporting to BSA management and supporting branch staff, the analyst ensures that currency transactions exceeding $10,000 are submitted to FinCEN on time and that the CTR Exemption list remains current and accurate.

Functional Responsibilities

• Review suspicious activity alerts and identify those that require additional investigation.
• Conduct case investigations for potential SAR filing and complete necessary SAR forms.
• Manage lists of high-risk accounts and conduct semi-annual reviews to monitor account activity for suspicious transactions.
• Review daily Currency Transaction Reports completed by branch and back-office personnel.
• Ensure required information for currency transactions exceeding $10,000 is submitted to FinCEN in a timely manner.
• Conduct CTR exemption initial and annual reviews and develop and maintain the centralized CTR Exemption list.
• Assist branch staff with issues related to reports and information required for BSA/AML purposes.

Background and Experience

• High school diploma or equivalent required, bachelor's degree preferred.
• Minimum five years of banking experience with at least two years in BSA compliance activities.
• Prior experience with the Bank Secrecy Act, Anti-Money Laundering Act, and OFAC.
• Must possess the ability to understand and interpret BSA/AML regulations, USA Patriot Act, KYC, OFAC, and CIP.
• Knowledge of bank operations, products, basic accounting, and federal and state compliance laws.
• Proficiency in Microsoft Outlook, Word, and Excel with excellent customer service skills.
• Ability to gather and analyze information skillfully and recognize fraudulent and suspicious activity.

The Senior BSA Analyst creates a complete picture of customer risk by conducting Enhanced Due Diligence reviews on high-risk individuals and entities, analyzing transaction monitoring results, and escalating findings to appropriate management levels. Reporting outcomes across the BSA/AML/OFAC compliance function, the analyst gathers intelligence from third-party vendors, public records, and internet sources to identify evolving fraud trends and maintain accurate risk rating profiles.

Ownership Areas

• Complete Enhanced Due Diligence reviews on high-risk individuals and entities to determine risk rating profiles.
• Analyze data and results of existing transaction monitoring reports to determine if further investigation is warranted.
• Gather information from outside resources such as internet searches, third-party vendors, public records, and newspaper articles.
• Conduct follow-up with account officers for any missing or necessary documentation.
• Review results from third-party vendors regarding authentication of identification, OFAC and government lists, and closed-for-cause accounts.
• Escalate issues to the appropriate department and develop relationships within appropriate levels of management.
• Stay up to date on BSA/AML/OFAC regulatory requirements and FinCEN guidelines.

Skills and Qualifications

• CAMS certification preferred.
• 3-5 years of experience in BSA/AML/OFAC related activities in the financial services industry.
• Experience conducting financial crime investigations, money laundering monitoring, and performing EDD reviews on complex relationships.
• Bachelor's degree preferred or equivalent experience.
• Well-organized with strong analytical, critical thinking, and internet research skills.
• Excellent verbal and written communication skills with strong attention to detail.

Accurate detection of financial crime depends on the BSA Analyst, who examines automated system alerts, conducts customer and transactional analysis, and prepares thorough SARs for management review and submission. Based within the bank's compliance team, the analyst maintains detailed case file documentation and reviews CDD/EDD risk scores to recommend actions that mitigate institutional risk.

Key Responsibilities

• Examine automated system alerts and monitoring reports to determine if situations meet established criteria for investigating suspected fraudulent or problem accounts.
• Conduct analysis of customer and transactional information to identify potential suspicious or high-risk situations based on money laundering red flags and regulatory definitions.
• Prepare accurate and thorough SARs for management's review and submission.
• Maintain detailed documentation on each case file to provide support of findings and recommended actions.
• Review Customer Due Diligence and Enhanced Due Diligence information and customer risk scores to ensure accuracy and recommend actions to mitigate risk.

Minimum Qualifications

• High school diploma or GED required, Bachelor's degree preferred.
• CAMS certification preferred.
• Minimum 2 years of banking experience, with BSA/AML, financial crime, risk management, or compliance experience preferred.
• Strong analytical, problem-solving, and conceptual skills.
• Proficiency in MS Office with strong verbal and written communication skills.
• Demonstrated ability to multi-task and prioritize workload in a fast-paced environment.

Reporting to the BSA Officer and Deputy BSA Officer, the Sr. BSA Analyst advances the BSA Department's AML program by conducting time-sensitive investigations, overseeing SAR preparation for FinCEN filing, and mentoring less experienced analysts across suspicious activity and sanctions screening cases. Partnering with branch personnel and compliance leadership, the analyst produces concise investigative documentation and Financial Crimes tracking reports that strengthen the institution's overall AML posture.

Strategic Initiatives

• Conduct time-sensitive investigations of alerted and referred transactions and clients for suspicious activity using internal and external resources.
• Correspond with branch personnel regarding account transaction activity.
• Produce thorough and concise documentation of investigative findings including activity analysis and decision rationale.
• Oversee the preparation of SARs for filing to FinCEN in a timely manner with oversight from the BSA Officer.
• Maintain well-organized electronic records including Excel spreadsheets.
• Assist with mentoring and training less experienced BSA/AML Analysts.
• Perform special projects including preparation of ad hoc reports and creation of new Financial Crimes tracking reports.

Experience and Qualifications

• CAMS certification preferred.
• At least 3-5 years of Bank Secrecy Act and Anti-Money Laundering work experience.
• Strong investigative, analytical, and problem-solving skills with the ability to use logic, reason, and sound judgment.
• Proficiency in Microsoft Office including Excel.
• Strong interpersonal skills with the ability to communicate effectively both verbally and in writing.
• Ability to handle highly confidential information professionally and with appropriate discretion.
• Ability to work both independently and with team members under tight deadlines.

The BSA Analyst guides the firm's BSA/AML investigative process across High-Risk Accounts, New Account documentation, CIP, EDD, and OFAC, while also leading team mentoring and AML training within a securities industry setting. The compliance team relies on this work to respond to FINRA and SEC inquiries, execute quality assurance reviews, and ensure transaction monitoring software identifies financial crime patterns effectively.

Work Activities

• Lead the BSA/AML investigative process and help mentor the team.
• Monitor alert transactions through the firm's transaction monitoring software to identify unusual or suspicious account activity and financial crime patterns.
• Investigate FINRA, SEC, and other government-related requests.
• Perform quality assurance reviews and provide coaching to enhance team knowledge and investigational skills.
• Conduct training for the AML team and identify AML training needs for the firm.

Technical Qualifications

• Current FINRA Series 7/63/66 or equivalent required, with ability to obtain Series 24 within 120 days.
• 5+ years of BSA/AML experience in the securities industry.
• College degree or some college preferred, or equivalent experience.
• Proficiency in Microsoft Office including Word and Excel.
• Strong problem-solving skills with excellent written and oral communication skills.
• Ability to interact with peers, management, and external personnel and drive investigations to sound decisions.

The BSA Analyst strengthens the bank's BSA and Fraud programs by monitoring transactions, conducting investigations, preparing Currency Transaction Reports, and advising the BSA Officer on emerging compliance issues and risk controls. Reporting to the BSA Officer and operating within the bank's compliance team, the analyst maintains current knowledge of federal and state laws and performs quality control reviews across the BSA/AML/OFAC Program.

Performance Expectations

• Assist in the monitoring of transactions, conduct investigations, and perform customer reviews.
• Prepare and submit Currency Transaction Reports within required timeframes.
• Perform various quality control reviews and monitoring pertaining to the BSA/AML/OFAC Program.
• Advise the BSA Officer of emerging compliance issues and assist the Bank in establishing controls to mitigate risks.
• Maintain current knowledge of federal and state laws and regulations along with the Bank's policies and procedures.

Minimum Qualifications

• High school diploma or GED required.
• Bachelor's degree strongly preferred.
• Two or more years of Fraud and BSA experience strongly preferred.
• Understanding of typical BSA program including CDD/EDD, CIP, OFAC, and CTRs.
• Experience with identifying and mitigating fraud scenarios and with Verafin FRAML software preferred.