BSA Analyst

BSA Analyst

Posted: 04/09/2024

Education: Bachelor’s Degree or equivalent education and work experience

Experience Desired: 5 years banking experience; 3 years of which in BSA/AML-related role

Pay Range: Commensurate on Experience

Immediate Supervisor: Manager, BSA

Employment Status: Full Time

Shift Hours: Monday – Friday: 8:15am - 5:00pm

Location: 1226 W Jefferson St., Shorewood, IL 60404

Summary objective of the job:

This is not a remote or hybrid position. Under the direction of the Manager, BSA, the BSA Analyst will play a critical role of completing ongoing reviews of medium and high-risk customers, managing AMS alerts, and assisting in regulatory reporting, ensuring adherence with regulatory requirements, CDD/EDD/KYC principles, and the Bank’s BSA Policy & related procedures.

Job Duties

· Perform and document ongoing enhanced due diligence (EDD) reviews for medium and high-risk accounts, including monitoring for customer compliance with regulatory requirements and Bank Policy and procedures.

· Periodically assist in initial review of new medium and high-risk accounts, including cash-intensive businesses and money service businesses (MSBs).

· Lead suspicious activity investigations arising from AMS alerts, internal and external referrals, and law enforcement requests.

Prepare Suspicious Activity Reports (SARs) within required timeframe. Escalate to the Manager, BSA and/or VP, BSA/Compliance for approval and submission to FinCEN.

· Prepare and/or serve as secondary reviewer of Currency Transaction Reports (CTRs).

· Assist in departmental quality control measures (i.e., dual control measures, etc.).

· Assist BSA Department with 314(b) collaborations.

· Develop, improve, and maintain Bank questionnaires, checklists, and tracking systems.

· Contribute in team meetings and share ideas and help develop solutions designed to achieve departmental goals.

· Be an active participant in policy, procedure, and process improvements.

· Perform various other duties as assigned.

Qualifications

· Energetic and positive attitude, with a focus on internal and external customer service and continuous learning.

· Bachelor’s Degree in Business, Accounting, Finance or related field, or equivalent combination of education and work experience in a BSA/AML-related role within a financial institution.

· Minimum 5 years banking experience; 3 years of which in a BSA/AML-related role.

· Solid understanding of BSA/AML/OFAC regulations and principles, including CIP, KYC, CDD, EDD, and USA PATRIOT Act.

· Experience with filing Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs).

· Certified Anti-Money Laundering Specialist (CAMS) certification preferred.

· Experience with Verafin AMS preferred.

· Experience with Money Service Businesses (MSBs) preferred.

· Proficiency in Microsoft Word and Excel.

· Strong attention to detail.

· Ability to multi-task, prioritize and work efficiently in a fast-paced, deadline-driven environment.

· Excellent communication skills with all staffing levels and clients/customers.

· Must handle confidential information appropriately.

· Must be able to work independently, as well as part of a team.

· Must continuously strive to expand proficiency and knowledge within the BSA/AML field by completing training courses.

If you are interested in applying for this position, please email your resume to Matt Bibo - mbibo@peoplefirstbank.com.

Job Types: Full-time, Part-time

Pay: From $20.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift
• Monday to Friday

Work Location: In person

Salary : $20