Risk Analyst I

POSITION SUMMARY

The Risk Analyst I performs foundational Bank Secrecy Act (BSA) Anti-Money Laundering (AML) and Office of Foreign Assets Control (OFAC) compliance activities under the guidance of the BSA Officer. This role focuses on transaction monitoring alert review documentation and routine quality control to support the Banks financial crimes compliance program.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The essential functions include but are not limited to the following:

BSA / AML / OFAC Monitoring & Execution

• Perform routine daily reviews of transaction monitoring reports alerts and logs in accordance with established procedures.
• Identify document and escalate unusual or potentially suspicious activity to the BSA Officer or Risk Analyst II.
• Assist with the preparation and documentation of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) under review.
• Support customer and account risk profiling including new account reviews and periodic updates.
• Assist with periodic updates to the BSA/AML Risk Assessment.

Systems & Administrative Support

• Research and resolve alerts within automated BSA/AML/Fraud monitoring systems following established guidelines.
• Maintain accurate documentation audit trails and records in accordance with retention requirements.
• Assist with subpoenas garnishments and regulatory information requests as assigned.
• Maintain working knowledge of applicable BSA AML OFAC CIP and USA PATRIOT Act requirements.

Other

• Maintain current knowledge of all federal and state laws and regulations along with the Banks policies and procedures.
• Assist in the research of regulatory issues to compliance questions from Bank personnel using legal and regulatory reference materials regulatory agencies as appropriate.

ADDITIONAL RESPONSIBLITIES

• Perform other related duties and responsibilities as assigned by management.

EDUCATION & EXPERIENCE

• Associates degree required or equivalent work experience
• 2 years experience in similar job duties

LOCATION

• Waukee IA Sioux City IA or Sioux Falls SD. Note: Only one position will be filled across these locations.

Central Bank is an Equal Opportunity Employer.

All qualified applicants will receive consideration without regard to race color religion national origin ancestry pregnancy status sex age marital status disability medical condition sexual orientation gender identity status as a protected veteran or any other characteristic protected by law.

We make all reasonable accommodations to meet the obligations under the Americans with Disabilities Act (ADA) and applicable state disability laws.