BSA Monitoring Analyst I

Stride Bank, N.A.; Sioux Falls (SD); On-site; USD 40,000 - 50,000; Full time

Job summary

A financial institution seeks an entry-level BSA Monitoring Analyst I responsible for monitoring customer and transactional data to mitigate risks. Key tasks include conducting reviews of alerts, analyzing accounts for unusual activity, and collaborating with team members. Applicants should possess a high school diploma and strong analytical skills. This is a full-time position in Sioux Falls, South Dakota and offers opportunities for growth.

Qualifications

• Strong analytical and conceptual thinking skills.
• Ability to independently solve problems using data.
• Thorough and detail-oriented.

Responsibilities

• Conduct daily reviews of alerts from monitoring software.
• Review details to detect money laundering or fraud.
• Collaborate with team members for account analysis.
• Write detailed summaries of alerts.
• Perform ongoing transaction analysis.

Skills

Analytical thinking

Problem-solving

Attention to detail

Education

High School Diploma or equivalent

Job description

Join to apply for the BSA Monitoring Analyst I role at Stride Bank, N.A.

The BSA Monitoring Analyst I is responsible for the monitoring and analysis of customer and transactional data, and for taking immediate action to mitigate potential risk and loss. The primary function of this role is prevention, detection, and recovery.

Responsibilities

• Conducts daily review of alerts generated through the Bank's automated monitoring software.
• Reviews customer and account details to determine if money laundering, cyber-crime, identity theft, terrorist financing, human trafficking, fraud, or other types of unusual activity may be occurring.
• Determines whether alerted activity should be escalated to case for further investigation.
• Collaborates with other team members to effectively analyze accounts and make final decisions in account reviews.
• Writes detailed summaries of each alert reviewed.
• Identifies the information needed to clarify situations and make appropriate requests from third-party service providers.
• Takes appropriate action on all internal and external notifications and requests.
• Works with highly sensitive and confidential information.
• Performs ongoing analysis of transactions to identify trends and understand potential risks or concerns.
• Assists and provides support to others in the department during high volume monitoring periods or absences.
• Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• High School Diploma or equivalent, required.

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Thorough and detail-oriented.

Job details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Business Development and Sales
• Industries: Banking