The BSA Analyst 1 conducts due diligence to detect potential money laundering, terrorist financing, and drug trafficking activities in compliance with BSA, USA Patriot Act, OFAC, and applicable laws, gathers information for proper CTR filing, and conducts EDD. The incumbent assists in identifying high-risk accounts and in the risk-rating process
• Conduct investigations of suspicious activity and detect documentation errors, omissions, and irregularities. • Review high-risk accounts. • Ensure that BSA compliance issues are identified • Review CTS reports. • Review and process CTR filings submitted by branches. • Review structuring reports. • Conduct CIP review. • Review OFAC reports. • Review of kiting reports. • Review of monetary instrument logs. • Perform suspicious activity investigations. • Gather information from outside sources such as internet searches, third party vendors, public records, etc. • Identify and report unusual / suspicious activity to the BSA Officer. • Maintain technical and professional knowledge by attending educational workshops, obtaining relevant professional certifications, reviewing professional publications, and staying informed of any legal, policy, and procedural changes relating to BSA, USA Patriot Act, OFAC, and applicable laws. • Keep informed of industry changes, trends, and best practices.
• Bachelors Degree Preferred. • One year of experience in branch operations, including cash handling. • Knowledge of BSA/AML policies, procedures, and practices. • Good oral and written communication skills. • Proficient computer skills in a Microsoft Windows environment including proficiency in Word and Excel. • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra. • Ability to read, comprehend, analyze, and interpret legal documents, governmental regulations, and professional publications. • Ability to effectively present information and respond to inquiries from senior management, attorneys, vendors, government agents, and the general public. • Ability to write reports and business correspondence. • Ability to speak and write clearly in order to effectively convey information so that others understand and as appropriate for the needs of the audience. • Ability to apply common sense understanding to carry out written and oral instructions. • Ability to deal with problems involving several concrete variables in standardized situations. • Ability to work independently with little supervision.