Associate Bank Secrecy Act (BSA) Analyst

Responsibilities:

• Review suspect CTRs in the Bank’s Transaction Monitoring Software, to determine if a CTR is required.
• Reconcile and prepare the Bank’s CTRs. File CTRs after Quality Assurance (QA) has been completed by a BSA Analyst.
• Other CTR-related duties may include completing CTR amendments, CTR back filings, and transmitting electronic files to FinCEN as assigned by BSA Management.
• Perform Annual CTR Exemption reviews as directed and in accordance with department procedures.
• Provide timely assistance to branches and other internal departments with questions regarding cash transactions and accurate preparation of CTRs.
• Provide research related to CTRs as requested by BSA Management.
• Review and evaluate Transaction Monitoring alerts as assigned and directed.

• Contact branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious as it relates to CTRs or alert reviews.

• Escalate investigations of potentially unusual or suspicious transactions to BSA Management by preparing a draft investigation narrative and gathering supporting documentation in accordance with departmental guidelines.
• Any other duties or special projects as assigned by BSA Management.

Qualifications:

• Bachelor’s degree preferred.
• Minimum two years’ experience in the financial services/banking industry; prior BSA/AML experience not required.
• General understanding of BSA/AML and OFAC laws, regulations, and guidance.
• The ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential.
• Must exhibit the ability to work both independently and in a team-oriented environment.
• Ability to work with other business units in a professional manner.
• Strong transactional research, analytical, multitasking, and proble- solving skills required.
• Excellent communication (verbal and written), organizational, and follow-up skills are necessary.
• Must be proficient in Microsoft Office suite software, including but not limited to Word, Excel, and Outlook.