BSA ANALYST - INDIANA

STAR Financial Group; Indiana; On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Affordable Medical/ Vision/ Dental

Flexible Dependent Care Account

Health Savings Account

Prescription Drug Plan

Employee Wellness Initiatives

Disability Insurance

Life Insurance

Tuition Reimbursement

401k with employer match

Generous Paid Time off

Job summary

STAR Financial Bank is seeking a BSA Analyst to monitor and analyze the bank's BSA/AML program, support transaction reviews in Verafin, and document customer activity for due diligence. The role requires practical bank compliance experience and strong communication skills, with opportunities to work across multiple departments.

The position emphasizes independent work, attention to detail, and proactive risk assessment within a community banking environment.

Qualifications

• Minimum 3 years of bank operations and compliance experience with BSA.
• Strong attention to detail and organizational skills.
• Excellent verbal and written communication.
• Ability to work independently and meet deadlines.
• Proficient in MS Office.

Responsibilities

• Conduct monitoring and trend analysis across units to assess BSA/AML program state.
• Support BSA Officer with transaction reviews in Verafin.
• Monitor daily alerts and review CTRs; document customer behavior for due diligence.
• Maintain knowledge of BSA, OFAC, and AML regulations.
• Investigate and escalate potential OFAC or sanctions issues.
• Advise Compliance using independent judgment on policies.
• Perform risk reviews and cash counts across branches; communicate findings.
• Collaborate with departments to test controls and improve processes.

Skills

Banking experience

Attention to detail

Communication skills

Independent workstyle

Documentation

MS Office

Tools

Verafin

MS Office

Job description

STAR Financial Bank is an Indiana-based community bank known for its culture of delivering quality service, personalized banking solutions, and innovative use of technology for more than 80 years. We are proud to be a community bank in every aspect of the word. Beyond monetary giving and employee volunteerism, STAR is dedicated to partnering with the people and organizations that improve our communities. At every one of our locations, employees demonstrate their commitment to STAR and our customers by honoring our core values of Honesty & Integrity, Accountability, Respect for All, Do What’s Right, Commitment to Lifelong Learning, Community Leadership, Being Progressive, Celebrating Success and Remaining Independent. STAR Financial Bank proudly celebrates diversity and remains conscious of the realization that diversity is not solely represented by physical characteristics. STAR is an equal opportunity employer (EEO) with a commitment to inclusivity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, pregnancy, age, disability, genetic information, marital status, or status as a covered veteran in accordance with applicable federal, state, and local laws. STAR complies with applicable STAR and local laws governing non-discrimination in employment in every location in which we have facilities.

As a BSA Analyst, The Essential Responsibilities Include

• Consistently conduct monitoring and trend analysis bank wide across a variety of business units to understand current state of BSA/AML program.
• Support the BSA Officer by performing various transaction reviews within our transaction monitoring system, Verafin. This includes but is not limited to potential structuring, money laundering or terrorist financing.
• Monitor and analyze daily alerts, review and submit Currency Transaction Reports (CTRs), document customer behavior patterns for customer due diligence reviews within applicable timeframes.
• Maintain knowledge of the Bank Secrecy Act, OFAC, and other anti-money laundering regulations
• Research, collaborate, and communicate with multiple departments to investigate and mitigate potential suspicious activity.
• Exercise solid judgment on examining information and document suspicious activity, behaviors, and patterns accurately and concisely.
• Investigate and/or elevate potential OFAC or sanctions alerts, including name screening, transaction screening, and customer level reviews
• Escalate any findings or concerns relating to potential violations of BSA, AML, or OFAC, to the BSA Officer or BSA Administrator including but not limited to:
• High Risk customer identification and monitoring
• Daily Anti-Money laundering software monitoring and analyzation
• Suspicious activity
• Utilizing independent judgment, advise and support Compliance Department. Interpret policies/procedures and advise regarding BSA, CIP, and CDD day-to-day questions
• Conduct Risk Reviews and Cash Counts throughout the branch footprint, traveling to assigned locations to assess the institution’s compliance and risk profile. Communicate findings and discuss identified weaknesses with the Retail Management team throughout the review process.
• Work with departments and BSA Officer to assess effectiveness of solutions or provide additional testing or monitoring for effective controls.

Skills Needed

• Minimum 3 years of bank experience relating to bank operations and compliance; experience working with the Bank Secrecy Act
• High attention to detail and strong organizational skills
• Excellent verbal and written communication skills
• Proven ability to be a self-starter and work independently to meet deadlines
• Demonstrated ability to document concerns accurately and timely
• Intermediate skills in Microsoft Office Word, Excel, and Outlook

In addition to traditional compensation and benefits packages, our leaders continue to collaborate to launch innovative employee benefits and perks including,

Affordable Medical/ Vision/ Dental Coverage

• Flexible Dependent Care Account
• Health Savings Account (with employer contributions)
• Prescription Drug Plan
• Employee Wellness Initiatives (physical/mental/financial)
• Health Management Reimbursement Program
• Short Term/Long Term Disability
• Life Insurance
• Tuition Reimbursement
• Competitive Pay and Bonus Program
• 401k (with employer match)
• Generous Paid Time off including 11 1/2 holidays.