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BSA Analyst I
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- Job Title: BSA Analyst I Reports to: Vice President of BSA FLSA Status: Non-Exempt Salary Grade: NE12 Supervisory Responsibility: No SUMMARY: The BSA Analyst position is responsible for ensuring compliance with the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) policies and procedures and the applicable federal regulations to protect the company from being used as a conduit for illegal activity.
- The BSA/AML program includes currency transaction reports (CTR), Office of Foreign Assets Control (OFAC), Suspicious Activity Reports (SAR), Customer Identification Program (CIP) and Customer Due Diligence (CDD).
- Researches, analyzes and investigates alerts generated by transaction monitoring reports for money laundering; BSA violations, terrorist financing and other financial crimes then makes a recommendation as to whether or not a SAR should be completed.
- Tracks CTR filings based on monitoring reports and ensures CTRs are sent within the regulatory deadline of 15 days.
- Completes enhanced due diligence (EDD) reviews including research, gathering documents, drawing conclusions, composing a narrative, and determining the risk rating and follow up needed.
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