BSA/AML Alert Analyst

Five Starinvest; Buffalo (NY); On-site; USD 33,062 - 37,195; Full time

Benefits offered by this job

Health Insurance

HSA

FSA

Life Insurance

Disability Insurance

Tuition Reimbursement

PTO

Holidays

Job summary

Five Star Bank is seeking an BSA/AML Alert Analyst in Buffalo, NY for a regular full-time role. The analyst investigates alerts from transaction monitoring, OFAC, CTRs, and utilizes banking software to determine if activity is unusual, escalating or clearing as appropriate.

Responsibilities include reviewing alerts, CTR filing, OFAC processing, assisting in due diligence, and supporting audits, with a focus on confidentiality, accuracy, and compliance.

Qualifications

• Education: High School Diploma or equivalent.
• Prior Experience: 2+ years in Banking, Auditing, Criminal Justice, Investigations.
• -OR- Education: Associate Degree; Prior Experience: 1+ years; Knowledge of BSA/AML & OFAC regulations.
• Knowledge of or ability to learn BSA/AML & OFAC regulations and requirements.
• Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals.
• Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines.
• Ability to identify trends, interpret data and apply to workflows, compliance techniques and automation.
• Possess a high level of attention to detail.
• Ability to maintain a high degree of confidentiality.
• Proficient with Microsoft applications; ability to learn and utilize banking software applications.

Responsibilities

• Reviews transaction monitoring alerts for unusual activity and recommends escalation or clearance.
• Ensures all CTR filing processes are followed.
• Performs daily OFAC processing.
• Assists in Customer Due Diligence oversight and coordination with Retail Branches.
• Assists in preparation of documentation for audits and examinations.
• Upholds the Five Star Bank standards in all interactions with customers and stakeholders.

Skills

Strong verbal & written communication

Attention to detail

Confidentiality

Microsoft Office proficiency

Identify trends & data interpretation

Education

High School Diploma or equivalent

Associate Degree

Job description

BSA/AML Alert Analyst

Regular Full-Time BSA/AML Buffalo, NY, US

4 days ago Requisition ID: 5573

Salary Range: $24.00 To $27.00 Hourly

Purpose

The BSA/AML Alert Analyst is primarily responsible for investigating various alerts (e.g., transaction monitoring, Office of Foreign Assets Control (OFAC), and Currency Transaction Reports (CTR)) utilizing various software systems to determine if the alerted activity is unusual, and subsequently escalating or clearing the alert as appropriate.

Essential Functions

• Reviews transaction monitoring alerts for unusual activity utilizing various systems, and recommends the alerts be escalated to case or cleared
• Ensures all processes are followed for Currency Transaction Reports (CTR) filing
• Performs daily Office of Foreign Assets Control (OFAC) Processing
• Assists in the Customer Due Diligence oversight process which includes review of reporting metrics and working with Retail Branches to address and resolve outstanding items.
• Assists in preparation of documentation for audits and examinations.
• Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.

Job Related Qualifications

Required:

• Education: High School Diploma or equivalent
• Prior Experience: 2+ years’ experience in Banking, Auditing, Criminal Justice, Investigations

-OR-

Required:

• Education: Associate Degree
• Prior Experience: 1+ years’ experience in Banking, Auditing, Criminal Justice, Investigations
• Knowledge of or ability to learn BSA/AML & OFAC regulations and requirements
• Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals
• Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines
• Ability to identify trends, interpret data and apply to workflows, compliance techniques and automation
• Possess a high level of attention to detail
• Ability to maintain a high degree of confidentiality
• Proficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilities

Physical Requirements

• Able to regularly sit for prolonged periods of time.
• Extensive computer usage is required.
• Medical, Dental, and Vision Insurance
• Health Savings Account
• Flexible Spending Account(s)
• Company Paid Life Insurance, Long Term Disability, and Short Term Disability
• Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
• Tuition Reimbursement
• Employee Referral Program
• Wellness Reimbursement Program
• Employee Banking and Financial Perks
• Paid Time Off (PTO)
• Company Paid Holidays

This job description is not exhaustive. The BSA/AML Alert Analyst may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.