BSA Analyst

1 week ago(1/11/2018 10:45 AM)
Job ID
# of Openings
Access National Bank

Position Summary

The BSA/AML Analyst assists in identifying and mitigating money laundering risk by conducting daily reviews of system alerts. The Analyst understands and follows aspects of the Bank Secrecy Act, Treasury Department’s regulations, and the USA PATRIOT Act and assures Bank policy and procedures are followed. This position will be responsible for maintaining required documentation to support compliance with BSA regulations, including but not limited to suspicious activity investigations and reporting, Customer Information Program compliance initiatives, bank training activities, and other internal control measures as directed by the BSA Officer. The incumbent will be responsible for producing various bi-weekly, monthly, and quarterly management reports in Excel and Word that will be reviewed by bank management, auditors and bank regulators for overall BSA and AML compliance .

Essential Functions

  • Researches and analyzes transactions to detect for money laundering activity by reviewing customer transactions and behaviors based on system generated alerts compared to the transactions generating the alert. Ensures adequate documentation and follow up of activities are conducted to substantiate conclusions from system alerts.
  • Identifies and reports to the BSAO questionable customer transaction or trends.
  • Communicates with account officers to verify or better understand customer transactions during alert reviews.
  • Informs BSA Officer of questionable customer transaction activities.
  • Reviews cash transactions and familiar with Currency Transaction Reports filed on customers to understand regular patterns of cash activities and alert on unfamiliar or changes in customer cash activities.
  • Assists with BSA monitoring by reviewing certain internal system reports and observes for changes in customer transactions, or questionable trends in customer activity.
  • Monitors Verafin cases to assure active cases are monitored and resolved by the case owner.
  • Conducts case investigations, and monitors and records activities of certain customers and keeps the BSAO informed.
  • Assists with processing and collecting of information for SAR, CTR and subpoena filings.
  • Assists in drafting responses to inquiries from employees regarding BSA/AML compliance and related issues.
  • Remains current with AML system applications.
  • Performs other duties as assigned.


• Bachelor’s degree in business related field or a minimum of 2 years of compliance related experience in a financial institution.

• Knowledge of money laundering process

• Knowledge of the Bank Secrecy Act, Treasury Department’s Financial Record Keeping Regulation, USA Patriot Act and various other anti-money laundering laws

• Knowledge of federally recognized examination procedures to evaluate compliance with applicable federal and state laws and regulations

• Must possess high proficiency in Microsoft Excel

• Background in statistics and quantitative methods a plus.

• Strong PC and software skills and an aptitude for learning bank operating systems

• Strong analytical, organizational, investigative and problem solving skills

• Strong oral and written communication skills

• Ability to read, accurately interpret and communicate federal and state regulatory requirements

• Profession contact with all levels of management and staff

• Professional contact with external auditors or, law enforcement officials

• CAMS certification a plus.


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