BSA Analyst

Saint Louis, MI - USA

Monthly Salary: Not Disclosed

Posted on: 4 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Title: BSA Analyst

Reports To: Sr. BSA Analyst

Positions Supervised: Not Applicable

FLSA Status: Exempt

Job Summary:

The BSA Analyst will be responsible for supporting the credit unions Bank Secrecy Act Compliance Program by maintaining knowledge of the Bank Secrecy Act (BSA) Information Sharing and Anti-Money Laundering regulations and performing duties in support of established policies and procedures. The ideal candidate will demonstrate a high level of integrity be motivated to achieve desired results maintain professionalism in all settings hold themselves and others accountable commit to the success of the bank and work well in a team environment. ** This is a Hybrid/St. Louis position **

Job Responsibilities

The intent of this job description is to provide a representation of the types of duties and level of responsibilities required of this position and is not intended to be an exhaustive list of all responsibilities duties and skills. Team members may be directed to perform job-related tasks other than those specifically stated in this description.

Performs periodic reviews and monitoring of high-risk consumer and commercial accounts in accordance with the Credit Unions risk-based BSA program

Run 314(a) checks regularly; research and resolve any matches or unusual activity identified through Verafin

Review OFAC Watchlist alerts within Verafin and monitor the OFAC queue within the core system to ensure staff perform their OFAC alert reviews properly; provide training to staff when needed and provide feedback on staff shortfalls

Review Currency Transaction Reports (CTR) for compliance file them on a timely basis and address documentation shortfalls provided by branch and operations staff; provide training to staff when needed and provide feedback on staff shortfalls

Review Fraud Department case referrals; file Suspicious Activity Reports (SAR) on cases that fall within SAR filing guidelines on a timely basis and provide feedback to Fraud Department employees on their referrals when needed.

Review Verafin BSA/AML alerts; file SARs on a timely basis when activity meets SAR filing guidelines

Monitor 314(b) collaborations within Verafin

Follow up on irregularities identified on newly opened accounts; work with managers to resolve issues

Utilize internal and external resources to investigate and analyze potential fraud and money laundering; conduct suspicious activity investigations

Deliver and coordinate BSA/AML training and continued education

Assist during all periodic BSA/AML compliance reviews

Promote a positive relationship between members (internal and external) and the Credit Union and understand that service delivery to members is the number one priority

Required Qualifications

An equivalent combination of education training and experience will be considered.

High school diploma or equivalent

3 years of BSA experience

Banking/financial services or related experience in preferred 3 years of related experience

Preferred Qualifications

Associates or bachelors degree in a related field

BSA Certification

Knowledge Skills and Abilities (KSAs)

A representation of the knowledge skills and abilities necessary to perform this job competently.

Knowledge of BSA/AML OFAC and related regulatory requirements in a financial services environment

Skilled in using Verafin and related systems to monitor analyze and report account activity

Skilled in reviewing data identifying irregularities and documenting findings with accuracy and clarity

Ability to apply sound judgment and maintain objectivity when assessing potential risks or suspicious activity

Strong attention to detail and consistency in managing confidential and regulated information

Effective communication skills with the ability to collaborate across departments and levels of the organization

Ability to build and maintain trust while handling sensitive or confidential matters

Commitment to upholding compliance standards and promoting a culture of accountability

Work Environment

Environmental or atmospheric conditions commonly associated with the performance of this jobs functions.

Flexible remote or hybrid (combination of remote & onsite) work environment; requires regular use of online tools systems and collaboration platforms

General office setting when working onsite

Occasional travel to branch locations vendor sites or other business-related locations

Attendance at offsite meetings events or conferences as needed

Physical Abilities

The physical demands described below are representative of those that must be met by an employee to successfully perform this jobs essential functions. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Ability to work at a computer in a stationary position for up to 8 hours per day

Ability to occasionally carry light materials (e.g. laptop presentation materials)

Ability to travel for business by car or air and stay in public accommodations as needed

Together Credit Union is an Equal Opportunity employer. The Credit Union complies with appropriate federal state and local laws and provides equal employment opportunities without regard to race color religion gender age sexual orientation gender identity or expression national origin military or veteran status disability (including pregnancy) genetic information or any other protected status to all qualified applicants and employees. Together Credit Union is committed to a policy of non-discrimination and dedicated to providing a positive discrimination-free work environment.

Required Experience:

Job Title: BSA AnalystReports To: Sr. BSA AnalystPositions Supervised: Not ApplicableFLSA Status: ExemptJob Summary:The BSA Analyst will be responsible for supporting the credit unions Bank Secrecy Act Compliance Program by maintaining knowledge of the Bank Secrecy Act (BSA) Information Sharing and ...