BSA Analyst

Socket.dev; Clewiston (FL); On-site; USD 52,000 - 76,000; Full time

Job summary

First Bank is seeking a BSA Support Analyst to monitor and analyze data to detect suspicious activity, perform customer enhanced due diligence, and aid in BSA program implementation. This on-site role is located in Clewiston, FL for a minimum of 6 months during training.

The position reports to the VP, BSA Officer and involves compliance with CIP, CDD, OFAC, and recordkeeping requirements, plus ongoing review of reports and regulatory changes.

Qualifications

• Strong written and verbal communication skills.
• Experience with bank policies and procedures.
• Ability to read, analyze, and interpret regulations and legal documents.
• Proficient with Excel and Word.
• Self-motivated with minimal supervision.

Responsibilities

• Monitor and analyze data to detect suspicious activity.
• Review reports to detect transactions and take appropriate action.
• Ensure adherence to BSA program, CIP, CDD, and OFAC requirements.
• Perform required CDD and EDD reviews.
• Research banking laws and inform management of regulatory changes.
• Maintain current, accurate BSA files.

Skills

Strong written and verbal communicatie

Attention to detail

Independent work

Analytical skills

Computer literate

Tools

Microsoft Excel

Microsoft Word

Job description

Description

Summary:

This position is primarily responsible for providing support to the BSA Officer by monitoring and analyzing data to detect suspicious activity, perform customer enhanced due diligence, and aid with the implementation of BSA Program requirements. This position is not a remote position and is located in Clewiston, FL for a minimum of 6 months while training.

Reports to:

VP, BSA Officer

Essential Duties and Responsibilities:

• Follows and incorporates First Bank’s Core Values.
• Review reports and analyze transactions to detect suspicious activities and take appropriate action to evacuate them.
• Ensure proper implementation and adherence to the Bank’s BSA Program including but not limited to CIP, Customer Due Diligence, Beneficial Ownership, OFAC, and recordkeeping and retention requirements.
• Assesses regulatory and internal compliance regarding BSA Operations, monitoring and control systems.
• Reviews and files all Currency Transaction Reports weekly.
• Completes bi-weekly 314(a) reporting.
• Performs required CDD and EDD reviews.
• Monitor fraud and BSA software to investigate any illegal or suspicious activity involving bank accounts including but not limited to possible kiting, credit card fraud, money-laundering, identity theft, etc.
• Ensure BSA files remain current, accurate, and well-documented.
• Research federal and state banking laws and regulations, reviews the Bank’s policies and procedures and ensures the Bank’s overall compliance with BSA laws and regulations. As necessary, informs departments and management about compliance changes that affect them.
• Other job duties as assigned associated to BSA or Fraud.

Requirements

Qualifications/Requirements:

• Strong written and verbal communication skills.
• Exhibit a strong culture of trustworthiness, dependability, and responsibility.
• Maintains regular and reliable attendance.
• Extensive knowledge of all Bank policies and procedures.
• Ability to read, analyze and interpret government regulations, trade journals and legal documents.
• Motivated, self-starter; must possess the ability to work independently with little to no supervision required.
• Computer literate. Able to operate various in-house software and spreadsheet programs.
• Must demonstrate effective organization and analytical skills.

Education/Training/Experience:

• Three to five years of teller and/or customer service banking experience
• For internal applicants,
• Microsoft Excel & Word experience

Internal Candidates:

• Minimum preferred experience includes successful performance in a Teller II or CSR II role, demonstrating strong customer service, operational knowledge, attention to detail, and an understanding of bank policies and procedures.