BSA/AML Analyst

•  Compliance Oversight: Monitor and detect suspicious activities and transactions in alignment with BSA/AML regulations to mitigate financial crime risks.
• Policy Development: Design, implement, and regularly update BSA/AML policies and procedures to ensure adherence to evolving regulatory standards.
• Staff Training: Conduct regular training sessions for employees to ensure thorough understanding and compliance with BSA/AML guidelines and internal policies.
• Suspicious Activity Reporting: Prepare and submit Suspicious Activity Reports (SARs) in a timely manner, documenting any identified potentially illicit activities.
• Regulatory Compliance: Ensure strict compliance with all federal laws and regulations, staying up to date with changes in industry requirements and standards.
• Customer Onboarding: Oversee the customer onboarding process to ensure proper due diligence, ensuring that all necessary KYC (Know Your Customer) and AML checks are conducted.
• Risk Management: Develop, implement, and maintain a comprehensive, risk-based AML program to manage and mitigate financial crime risks across the organization.
• Reporting: Prepare and maintain detailed BSA/AML compliance reports for senior management, providing insights into the organization’s compliance posture.
• Due Diligence Reviews: Conduct periodic customer due diligence (CDD) and enhanced due diligence (EDD) reviews to assess and manage potential risks.
• Collaboration with Regulators: Coordinate and partner with regulatory bodies and external auditors as necessary to ensure ongoing compliance and address any regulatory inquiries. 
• Experience: A minimum of 5 years of experience in BSA/AML compliance, preferably within the banking or financial services sector.

• Bachelor’s degree in Finance, Business Administration, Criminal Justice, or a related field. 
• A minimum of 5 years of experience in BSA/AML compliance, with a focus on banking or financial services. 
• In-depth knowledge of Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and other related regulatory requirements. 
• Prior experience in preparing and submitting Suspicious Activity Reports (SARs) and conducting customer due diligence (CDD) and enhanced due diligence (EDD).
• Experience with BSA/AML software tools and transaction monitoring systems.
• Strong knowledge of BSA/AML regulations, as well as applicable federal and state financial crime laws.
• Proven ability to detect and investigate suspicious transactions and activities.
• Strong analytical skills to assess complex financial transactions, identify potential risks, and recommend actions. 
• Ability to develop, implement, and update internal BSA/AML policies and procedures in response to regulatory changes.
• Experience in conducting compliance audits and preparing compliance reports for senior management and regulatory agencies.

Certifications:

• CAMS (Certified Anti-Money Laundering Specialist) or similar certification preferred but not required.
• BSA Officer Certification or equivalent is highly desirable