What are the responsibilities and job description for the BSA Analyst position at New Edge Associates a Talent Acquisition Firm?
Job Summary:
A leading financial institution is seeking a detail-oriented and bilingual BSA Analyst to support its compliance program by ensuring adherence to the Bank Secrecy Act, Anti-Money Laundering (AML) regulations, and internal policies. This role plays a critical part in protecting the bank against illicit activity by conducting investigations, monitoring transactions, and assisting with regulatory reporting. The ideal candidate has strong analytical skills, thrives in a fast-paced environment, and is fluent in both English and Spanish.
Key Responsibilities:
- Monitor customer transactions for suspicious activity using AML software and manual review.
- Investigate alerts and document findings in accordance with regulatory guidelines and internal procedures.
- Conduct Enhanced Due Diligence (EDD) reviews for high-risk clients.
- Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) within required timeframes.
- Support the development and maintenance of BSA/AML policies, procedures, and internal controls.
- Assist with periodic risk assessments and independent audits or examinations.
- Stay current on BSA/AML regulations, trends, and best practices.
- Collaborate with other departments (e.g., Operations, Risk, and Legal) to gather information and ensure compliance.
- Assist in onboarding reviews and periodic reviews of customer files for BSA/AML compliance.
- Respond to inquiries from internal stakeholders and regulatory authorities as needed.
Qualifications & Requirements:
- Bachelor’s degree in Criminal Justice, Finance, Business Administration, or related field (or equivalent experience).
- 2 years of experience in BSA/AML compliance within the banking or financial services industry.
- Familiarity with regulatory requirements including the Bank Secrecy Act, USA PATRIOT Act, and OFAC regulations.
- Strong investigative, analytical, and problem-solving skills.
- Excellent attention to detail and organizational abilities.
- Proficient in Microsoft Office Suite and AML monitoring systems (e.g., Verafin, Actimize, BAM , etc.).
- Ability to interpret and apply complex regulatory guidelines in real-world situations.
- Fluent in English and Spanish (spoken and written).
Salary : $70,000 - $85,000
