Bank Security Act BSA Analyst

Security Bank; Springfield (IL); On-site; USD 52,000 - 65,000; Full time

Job summary

Security Bank is seeking a BSA Analyst Trainee to monitor activities for potential money laundering and financial crime, assisting in reporting and CIP/KYC reviews. This role requires local travel for training and reports directly to the BSA Officer.

The position focuses on analyzing transactional data for moderate to high-risk customers, reviewing alerts, and maintaining confidentiality while adhering to information security standards.

Qualifications

• A high school diploma or equivalent.
• Minimum two years of banking experience.
• Proficiency in Microsoft Office, especially Excel.
• Preferred: BSA/AML, financial crime, risk management or compliance experience preferred.

Responsibilities

• Inputs, tracks, and analyzes transactional data for the moderate and high-risk customer portfolio.
• Compiles and reviews transactional and non-transactional data for suspicious activity, trends, and patterns.
• Assesses Know Your Customer (KYC) documents as required by policy for all accounts to ensure bank compliance with the CIP.
• Documents initial review of potentially suspicious activity alerts generated by the Bank’s automated monitoring system to determine if escalation to investigation is necessary.
• Record currency transaction reports in accordance with FINCEN guidance prior to secondary review.

Skills

Attention to detail

Analytical skills

Multi-tasking

Communication

Education

High school diploma or equivalent

Tools

Microsoft Excel

Microsoft Office

Job description

Summary of Position

Summary of Position This job operates in a professional office environment. Must be able to travel locally to attend training seminars. Reports directly to the Bank Secrecy Act Officer. Assists in ensuring the Bank’s compliance with the applicable aspects of the Bank Secrecy Act, USA Patriot Act, OFAC, and other applicable regulations by monitoring activity for potential money laundering, financial crimes and/or terrorist financing and by tracking exceptions and filing required transaction reports. Maintains confidentiality of Bank's customers and processes while adhering to Information Security standards.

Essential Functions

Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.

• Demonstrates a full understanding of BSA Analyst Trainee position and required knowledge, requiring limited oversight and corrections related to initial reviews and reporting requirements.
• Educates and trains other analysts on BSA Analyst Trainee responsibilities.
• Inputs, tracks, and analyzes transactional data for the moderate and high-risk customer portfolio.
• Compiles and reviews transactional and non-transactional data for suspicious activity, trends, and patterns.
• Assesses Know Your Customer (KYC) documents as required by policy for all accounts to ensure bank compliance with the Bank’s Customer Identification Program (CIP) as a first review and as requested for accounts under review/investigation for alignment with actual activity and expectations.
• Documents initial review of potentially suspicious activity alerts generated by the Bank’s automated monitoring system to determine if escalation to investigation is necessary.
• Record currency transaction reports in accordance with regulations and guidance from FINCEN prior to secondary review.
• Communicates with appropriate Bank personnel to obtain further information and/or documentation necessary to ensure bank documentation is comprehensive to describe the associated activity and to complete the aforementioned reviews.
• Maintains detailed knowledge regarding the Banks high-risk customers and BSA/AML/OFAC related threats and the environment in which they operate.
• Complies with all applicable regulations, BSA training and all regulatory compliance training.

Critical Drivers/Accountabilities

Possesses superior attention to detail; ability to multi-task and consistently meet deadlines; demonstrates strong analytical skills; ability to interact effectively and respectfully with internal and external customers and vendors. Strong analytical, problem solving and conceptual skills. Ability to work with little supervision while performing duties. Must maintain ongoing knowledge of regulatory requirements. Ability to maintain confidentiality in respect to the customer’s financial affairs.

Education, Experience, and Skills Required

A high school diploma or equivalent. Minimum two years of banking experience. Practical experience with basic hardware and software; proficiency in Microsoft Office, specifically Excel. Preferred: BSA/AML, financial crime, risk management or compliance experience preferred.

Physical Requirements

Sufficient stamina to sit and read a computer screen for extended periods of time. Ability to perform repetitive motion with wrists, hands, and/or fingers and otherwise perform the essential functions of the position. While performing these duties, the employee is regularly required to speak and hear. Ability to lift up to 50 pounds.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.