BSA​/AML Compliance Analyst

Brief Description

The BSA/AML Compliance Analyst is responsible for monitoring the account activity of traditional banking, Money Services Businesses, Fintech, foreign and domestic customers, and foreign banks.

• Analyze and research transactions to identify suspicious activity.
• Understand jurisdictional risks associated with customer and/or counter party location.
• Produce analytical reports that detail trends, patterns, and risk factors in customer transaction activity.
• Understand and communicate complex transaction patterns for potential suspicious activity reports filing.
• Understand various sanction programs and investigate escalated potential OFAC matches.
• Understand international wire settlement, SWIFT message operations, and counter party risk involving international senders/receivers.
• Stay current on industry and regulatory requirements and issues.
• Contribute to the design and execution of compliance training as needed.
• Contribute to the design and execution of compliance risk assessments and reviews as needed.
• Support various committees by creating charts and tables and by drafting memos for presentations.
• Perform other related duties to benefit the mission of the organization.

The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Minimum 3 years’ experience required in one or more related field(s) including risk-advisory, banking, internal audit, regulatory compliance, BSA/AML Compliance, foreign correspondent banking, Money Service Business, and/or Fintech companies.
• Experience using cryptocurrency risk monitoring/intelligence tools such as Elliptic, TRM Labs, Cipher trace, Chainalysis, etc., preferred.
• Experience using automated BSA/AML monitoring systems and performing manual transaction monitoring tasks.
• Strong investigative skills using a suite of tools and systems, as well as open-source research related to foreign and domestic companies and individuals.
• Experience and understanding of international payments, cryptocurrency, and wire transfers preferred.
• Ability to quickly learn and adapt to new concepts and demonstrate competence in a complex financial services environment.
• Creative, flexible, responsive, solutions-driven approach to problem solving.
• Experience with compliance analysis and management tools (e.g., Actimize, Ocean Systems, etc.)
• Strong understanding of data analytics using Microsoft Excel’s pivot tables, v-lookups or other similar data analysis tools.
• Proficient using other Microsoft office software.
• Possess superior analytical and critical thinking skills
• Must have strong attention to detail and organizational abilities
• Excellent communication and teamwork skills
• Exceptional follow-up and follow-through mindset and abilities