What are the responsibilities and job description for the BSA Analyst position at Frandsen Financial Corporation?
Position Summary
The BSA Analyst works with the BSA Officer to ensure the Bank’s compliance with the applicable aspects of the Bank Secrecy Act, USA PATRIOT Act, OFAC and Customer Identification Program regulations (collectively the BSA Program) by monitoring activity for potential money laundering, financial crimes, and/or terrorist financing.
Essential Duties and Responsibilities
To perform this job successfully an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Daily review of BSA related reports
- Complete thorough reviews of customers and transactions for potential money laundering and other financial crimes
- Prepare detailed AML investigation narratives
- Perform enhanced due diligence on current customer relationships in a timely manner
- Assist the BSA Officer with monthly SAR filings
- Assist with Verafin related projects
- Provide support to Bankers regarding BSA/AML related questions
- Assist in developing and updating policies, procedures, training materials
Experience & Education
- Bachelor’s Degree or equivalent work experience;
- Minimum 5 years banking experience with knowledge of Bank Secrecy Act regulatory requirements and/or other program related compliance functions; General compliance or operational work related to BSA elements to be considered;
- Documented experience in oral and written communications including making presentations and preparing reports, or ability to demonstrate the same;
- Certified BSA/AML Professional (CBAP) or similar certification is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling.
Skills
- Ability to complete thorough investigations
- Prepare detailed investigation narratives that clearly explain the activity, risks, and disposition of a case
- Manage your caseload appropriately to ensure timely completion of cases
- Strong understanding of BSA/AML software
- Ability to work with confidential information
- Ability to communicate effectively with bankers and teammates
Salary range for this role is $48,000 to $70,000 annually, depending on experience.
We offer a competitive benefits package including health insurance, dental insurance, vision insurance, 401k, profit sharing, and ancillary benefits.
Salary : $48,000 - $70,000
