BSA Monitoring Analyst

Job Description

Job Description

The BSA Data & Monitoring Analyst Junior will assist in supporting and expanding Amerant Bank's compliance testing functions. The role focuses on ensuring the bank complies with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. Key responsibilities include performing compliance testing, identifying and evaluating risks, analyzing data, and improving processes. The Junior Analyst will collaborate with teams to ensure accurate reporting, assist in the development of training programs, and stay updated on regulatory changes. This entry-level position requires strong analytical skills, proficiency in Excel, and a sound understanding of compliance regulations.

Responsibilities :

• Assist in performing AML / BSA compliance testing to help mitigate regulatory risks and ensure adherence to applicable laws, regulations, and internal policies / procedures.
• Help identify and evaluate potential compliance risks, reporting findings to the BSA Management team.
• Assist in the review of business processes related to BSA / AML compliance, focusing on evaluating key controls and QA business functions.
• Support in identifying control gaps, trends, and potential risk areas to help mitigate future compliance concerns.
• Collaborate with cross-functional teams to improve processes, enhance data accuracy, and optimize compliance efficiencies.
• Conduct data analysis using advanced Excel techniques (e.g., pivot tables, VLOOKUP, and formulas) to support risk assessments and compliance reviews for the Bank’s Monitoring and Testing program.
• Assist in the creation and maintenance of data reconciliation processes for accurate reporting and alert generation.
• Assist in extracting actionable curated data to properly reconcile the Bank’s transaction monitoring system.
• Provide support to internal teams on policies and procedures, answering technical questions, and helping identify opportunities for control improvements.
• Monitor and assist in the testing of the BSA / AML program, including areas like customer identification (CIP), KYC / CDD / EDD, transaction monitoring and emerging topics of interest as delineated in the monitoring and testing program.
• Support the development and delivery of training programs on BSA / AML compliance topics.
• Stay up to date with regulatory changes and assist in maintaining the organization’s compliance programs.
• Provide regular updates on the status of compliance testing activities and help develop action plans for identified issues.
• Assist in compiling data metrics as needed from the Bank’s data mart to generate reports used in audits, examinations or adhoc reporting needs.
• Help prepare reports and presentations on compliance findings and assist in ensuring that corrective actions are completed on time.
• Perform additional duties as needed and directed.

Minimum Education and / or Certifications :

Bachelor’s Degree required, preferably in Finance, Business Administration, Economics, management, Data Analytics or relevant field. A plus to have any of the following certifications : Certified Anti-Money Laundering Specialist (CAMS), Certified Professional in Anti-Money Laundering (CPAML), AWS Certified Analytics – Foundational, Data Analyst Associate (Power BI), Azure Data Fundamentals (DP-900) or relevant data certification.

Minimum Work Experience Requirements :

1-3 years of experience in the financial services industry, preferably in a compliance or risk management role. Internships or relevant academic projects in compliance, auditing, or risk management will be considered alongside professional experience.

Technical and / or Essential Knowledge :

Strong verbal, written communication, and organizational skills with the ability to summarize and present findings in a clear and concise manner. Training, presentation, and analytical skills. Independent thinker and ability to manage numerous tasks and sensitive information in a professional manner in a fast-paced deadline driven environment. Ability to work collaboratively with cross-functional units; ability to navigate a complex organization to influence people across cultures. Ability to manage confidential and sensitive information in a professional manner. Proficiency in MS Word, MS Excel, and MS PowerPoint are required. Bilingual English / Spanish preferred.

Functional Skills & Knowledge :

Must be a team player, ability to problem solve under pressure. Self-starter with proven ability to plan and work independently. High level of professionalism, self-motivation, and sense of urgency; ability to re-prioritize work as the immediate needs of the business change. Ability to work with cross-functional teams to ensure collaboration and effective results. Ability to recognize the need for change management initiatives, and the ability to lead while maintaining and driving engagement throughout the team. Attention to detail and accuracy is a plus.