BSA Analyst

BCB Community Bank; Bayonne (NJ); On-site; USD 65,000 - 75,000; Full time

Job summary

BCB Community Bank in Bayonne, NJ is seeking a BSA Analyst to identify, investigate, and mitigate high-risk customer relationships and transactions to ensure full AML/KYC compliance. The role involves deep-dive investigations, SAR/CTR filings, and maintaining detailed records for regulatory exams.

The analyst will review KYC/CDD docs, validate risk ratings, and ensure OFAC and PATRIOT Act compliance while collaborating with teams across the bank. Requires travel to branches as needed.

Qualifications

• Strong understanding of the Bank Secrecy Act (BSA), PATRIOT Act, AML regulations, and OFAC requirements.
• Strong knowledge of fraud schemes impacting community banks (check fraud, ACH/wire fraud, account takeover, loan fraud, elder fraud, etc.).
• Excellent analytical, investigative, and communication skills.
• Excellent interpersonal skills: including use of professional and clear verbal communication and writing skills.

Responsibilities

• Analyze system-generated alerts for suspicious activity, such as structuring, money laundering, unusual wire transfers, or rapid movement of funds.
• Review Know Your Customer (KYC) and Customer Due Diligence (CDD) documentation for accuracy, ensuring beneficial ownership information is current.
• Review and validate risk ratings for new and existing high-risk customers.
• Prepare, draft, and submit Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to FinCEN.
• Maintain detailed, accurate records of all investigations to satisfy regulatory exams and internal audits.
• Ensure organizational compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions.
• Manage complaints and alerts, ensuring all reports for regulatory authorities adhere strictly to AML laws.

Skills

Analytical thinking

Investigative skills

Communication skills

Interpersonal skills

Education

AML/BSA compliance knowledge

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

BSA Analyst

BSA 4th St Full-time Regular Admin Support Worker Bayonne, NJ, US

Salary Range: $65,000.00 To $75,000.00 Annually

The BSA Analyst identifies, investigates, and mitigates high-risk customer relationships and transactions to ensure full compliance with AML/KYC regulations. In this role, you will conduct deep-dive investigations, review high-risk customer activity, and file Suspicious Activity Reports (SARs) to prevent illicit financial activities and protect the institution.

Key Responsibilities

• Analyze system-generated alerts for suspicious activity, such as structuring, money laundering, unusual wire transfers, or rapid movement of funds.
• Review Know Your Customer (KYC) and Customer Due Diligence (CDD) documentation for accuracy, ensuring beneficial ownership information is current.
• Review and validate risk ratings for new and existing high-risk customers.
• Prepare, draft, and submit Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) to FinCEN.
• Maintain detailed, accurate records of all investigations to satisfy regulatory exams and internal audits.
• Ensure organizational compliance with the Bank Secrecy Act (BSA), USA PATRIOT Act, and OFAC sanctions.
• Manage complaints and alerts, ensuring all reports for regulatory authorities adhere strictly to AML laws.

Education and Experience

• Strong, foundational understanding of the Bank Secrecy Act (BSA), PATRIOT Act, AML regulations, and OFAC requirements.
• Strong knowledge of fraud schemes impacting community banks (check fraud, ACH/wire fraud, account takeover, loan fraud, elder fraud, etc.).
• Excellent analytical, investigative, and communication skills.
• Excellent interpersonal skills: including use of professional and clear verbal communication and writing skills.

Physical Requirements & Working Conditions

• Ability to travel to branches, off-site training, and/or meetings required
• Lobby/professional office environment with moderate sound.