BSA Analyst

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

Job summary

Bcb-Community-Bank is hiring a BSA Analyst in Bayonne, NJ. The role focuses on identifying and mitigating high‑risk relationships and transactions to maintain AML/KYC compliance.

You will conduct deep-dive investigations, review customer activity, and prepare SARs/CTRs to protect the bank from illicit activity. The position requires strong knowledge of BSA/AML regulations and excellent analytical and communication skills.

Qualifications

• Strong understanding of the Bank Secrecy Act (BSA), PATRIOT Act, AML regulations.
• Experience with Know Your Customer (KYC) and Customer Due Diligence (CDD) documentation.
• Ability to analyze system alerts for suspicious activity and conduct deep-dive investigations.
• Excellent written and verbal communication and interpersonal skills.

Responsibilities

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

Skills

Analytical skills

Investigative skills

Communication skills

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

2 days ago Requisition ID: 1111

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.