BSA ANALYST SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Updated: Sep 24, 2024 - The (BSA) Bank Secrecy Act Analyst possesses a comprehensive understanding of Microsoft products, coupled with robust analytical and research capabilities. Their expertise extends to identifying white-collar crime, fraud, and money laundering schemes, underpinned by a thorough knowledge of the Bank Secrecy Act regulations. Strong project management, organizational, and communication skills further enable them to navigate complex banking operations and regulatory compliance environments effectively.

Summary of Bank Secrecy Act Analyst Knowledge and Qualifications on Resume

1. BA in Economics with 4 years of Experience

  • Self-motivated and can work independently
  • Knowledge of Bank Secrecy Act and USA PATRIOT Act
  • Knowledge of Operations, Lending or Trade Finance policies and procedures 
  • Exceptional research and analytical skills
  • Possesses strong understanding of banking and its product and services, etc.
  • Have strong interpersonal skills and written and verbal communications skills
  • Ability to identify gaps in existing processes/procedures and efficiency gain through enhanced procedures.
  • Must have a detailed understanding of anti-money laundering and Bank Secrecy Act laws and regulations 
  • Experience in BSA/AML or equivalent with related experience in other areas of banking/financial services industry
  • Ability to analyze large amounts of data, decipher higher risk attributes and disposition appropriately

2. BA in Political Science with 7 years of Experience

  • Demonstrated capability and familiarity with Microsoft products
  • Experience in analytics research and written reviews
  • Excellent analytical, research, project management, and planning skills
  • Strong written and verbal communication skills
  • Excellent interpersonal communication skills
  • Excellent written and verbal communication skills
  • Strong analytic and organization skills
  • Ability to identify various white-collar crime, general fraud and money laundering schemes
  • Knowledge of Bank Secrecy Act regulations and requirements and general knowledge of money laundering.
  • Experience in banking operations, regulatory, legal, or auditing environment with significant exposure to regulatory compliance matters

3. BS in Finance with 8 years of Experience

  • Experience as a BSA/AML Officer, BSA/AML Analyst, AML Investigator or similar function in a financial institution.
  • Certified Anti-Money Laundering Specialist (CAMS) certification 
  • Knowledge of FFIEC Examination Manual relative to AML, KYC, CIP, etc.
  • Knowledge of USA PATRIOT Act and recent related laws and regulations
  • Ability to problem solve for a variety of compliance and business issues within pressure and time-sensitive periods
  • Ability to effectively communicate all levels of bank management and staff
  • Demonstrated ability monitor internal controls
  • Excellent written and verbal communication skills to respond to inquiries and problems
  • Strong skills in Internet-based and system-based research techniques, e-mail communications
  • Ability to learn other related software applications required.

4. BS in Accounting with 5 years of Experience

  • Ability to learn and use new software products.
  • Must possess a working knowledge of the Fiserv DNA core banking system
  • Familiarity with suspicious transaction monitoring systems
  • Knowledge of the BSA, AML, USA PATRIOT Act, KYC, and OFAC regulations.
  • Knowledge of databases and websites used in the investigations of suspicious activity
  • Knowledge of banking and branch operations.
  • Good personal computer skills and proficient in using software commonly employed in an office environment.
  • Excellent written and oral communications skills.
  • Ability to analyze business situations, identify problems or concerns
  • Ability to determine applicable scenarios and choose the appropriate solution to the problem.

5. BS in Business Administration with 6 years of Experience

  • Knowledge of Bank Secrecy Act and Anti Money Laundering regulations 
  • Experience BSA/OFAC, Compliance, Branch, or Operations 
  • Strong typing and Excel skills and proficiency with common office software
  • Clear and concise writing and verbal communication skills
  • Strong reading comprehension and retention
  • Experience BSA/AML and other compliance 
  • Multilingual capabilities and/or a multicultural perspective
  • Interacts with other Bank personnel to obtain customer information for use in suspicious activity investigations.
  • Experience actually performing transaction monitoring and customer due diligence tasks
  • Ability to work alone and collaboratively and to convey information in a positive and productive manner