BSA/AML Compliance Analyst

CLASSIFICATION: Non-exempt

REPORTS TO: BSA/AML Compliance Manager

JOB DESCRIPTION

Summary/Objective

Responsible for supporting the Bank’s compliance with BSA/AML regulations and OFAC sanctions by conducting real-time and post transaction sanctions screening and Currency Transaction Report (CTR) filings. This includes identifying potential violations, documenting findings, and escalating suspicious activity as needed. The analyst will review automated and manual reports, work closely with internal departments, and ensure all reporting obligations are met accurately and on time. The role involves staying informed on regulatory changes and utilizing the Bank’s Aml systems to monitor and manage risk.

The decisions and recommendations made by the Analyst shall be relied upon by the management team and may have a direct impact on the business operations and the servicing of customer accounts, which may also carry legal and regulatory compliance obligations. Often these alert reviews may also lead to the development of metrics, trend information, and written analysis which will be used to substantiate any risk related recommendations, which may include changes to the BSA Program. 

This role also involves a level of discretion and independent judgment in the assessment and presentation of various decision options to management as well as carrying out major assignments in the effective operational implementation of the Bank’s BSA Program. 

Essential Functions
 Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Conduct real-time and post-transaction screening for potential violations of OFAC and other sanctions programs.
• Investigating potential matches and escalating confirmed or suspected violations as required by procedure.
• Identifying reportable transactions and preparing CTRs in compliance with Bank Secrecy Act (BSA) and FinCEN regulations.
• Performing Quality Assurance reviews on CTRs completed by other analysts.
• Filing CTRs in a timely manner via the Bank’s AML monitoring system and the FinCEN e-filing platform.
• Reviewing alerts triggered by the OFAC watchlists for potential matches, ensuring compliance with both internal policies and regulatory requirements.
• Documenting findings, escalating potential suspicious activity, and ensuring all required reporting is accurate and timely.
• Collaborating with internal teams to resolve issues related to sanctions, suspicious activity, and customer risk profiles.
• Act as a support to BSA/AML Compliance Manager to assist with daily monitoring, assessment, and maintenance of AML processes and procedures.
• Assist the BSA/AML Compliance Manager in project management and documentation processes for AML systems and procedures, including developing and maintaining detailed implementation plans; compiling and presenting metrics on alert completion rates; and ensuring that project deadlines are met, as needed.
• Liaise with Bank lines of business, including branch and other teams as needed, to ensure timely and accurate CTR filing.

Other Duties

• Support other duties and responsibilities within the BSA Operations Unit’s area of responsibility, as required by the BSA Operations Manager or BSA Officer.
• Stay informed of related regulatory matters through Federal agency updates and guidance and through industry webinars and conferences.
• Complies with all policies and procedures as applied to the Bank's BSA/AML policy. 
• Perform other duties as assigned.

Skills/Abilities

• Strong project and time management skills, including the ability to manage time effectively to meet deadlines and perform work on a variety of projects/functions simultaneously.
• Able to communicate effectively to a broad audience, including lines of business in both written and verbal formats (including technical writing to support documentation of systems procedures).
• Working knowledge of BSA and AML-related functions, reporting requirements, and systems in a financial institution setting. 
• Highly experienced with Office applications, including word-processing, spreadsheet, and presentation software. Advanced Office skills (particularly Excel and Access) preferred.
• Experience with Jack Henry Banking software systems, including Verafin, Silverlake, and Vertex preferred. 

Supervisory Responsibility

This position does not have supervisory responsibilities.

Work Environment

This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.

Physical Demands

This position requires manual dexterity, the ability to lift files and open cabinets. This position requires bending, stooping or standing as necessary.

Travel

Limited local travel may be required for this position.

Education and Experience

• Minimum 2 years business and/or functional experience in the area of AML, with a financial service provider and/or related government entity (e.g., FinCEN or OFAC) preferred.
• Bachelor’s degree or equivalent preferred.
• CAMS, CFE, CAFP or CRCM certification preferred.
• Project Management skills preferred.

Equal Employment Opportunity/M/F/disability/protected veteran status

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.