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 Type: Full-time 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