Senior Bank Secrecy Act Analyst

Job Description

The Senior Bank Secrecy Act (BSA) Analyst plays a critical role in ensuring the financial institution's compliance with all applicable anti-money laundering (AML) laws and regulations. This position is responsible for conducting in-depth investigations of suspicious activities and transactions to identify potential risks related to money laundering, terrorist financing, and other financial crimes. The analyst will collaborate closely with Enterprise Risk Management teammates, law enforcement, and regulatory bodies to maintain robust BSA / AML programs and reporting standards.

By leveraging advanced analytical techniques and regulatory knowledge, the Senior BSA Analyst helps protect the institution from financial and reputational risks. Ultimately, this role ensures that the bank adheres to legal requirements while supporting a culture of compliance and ethical business practices.

• High School Diploma or equivalent
• Minimum of 3 years of experience in BSA / AML or financial crime investigation within a banking or financial services environment.
• Strong knowledge of Bank Secrecy Act, USA PATRIOT Act, and related regulatory requirements.
• Experience with transaction monitoring systems and investigative tools used in AML compliance.
• Excellent analytical, investigative, and written communication skills.
• 1 or more professional certifications such as CAMS (Certified Anti-Money Laundering Specialist), NAFCU Certified Bank Secrecy Act Officer (NCBSO), CUNA Bank Secrecy Act Compliance Specialist (BSACS), etc. or willing to obtain within the first 12 months of employment.

• Associates degree in Finance, Criminal Justice, Business Administration, or a related field.
• Experience working with regulatory agencies and responding to regulatory examinations.
• Familiarity with global AML regulations and cross-border financial crime issues.
• Proficiency in data analytics software and advanced Excel skills.
• Demonstrated ability to lead projects or mentor junior analysts.

• Conduct thorough reviews and investigations of alerts generated by transaction monitoring systems to identify suspicious activities.
• Prepare detailed reports and documentation for internal use and regulatory submissions, including Suspicious Activity Reports (SARs).
• Participate in the maintenance of Verafin our Enterprise AML Compliance technology and other tools used in the KYC process.
• Collaborate with internal stakeholders such as BSA officer and business units to address BSA / AML concerns and implement corrective actions.
• Stay current and share evolving BSA / AML regulations, industry best practices, and emerging financial crime trends to enhance the institution’s compliance framework.
• Assist in the development and delivery of training programs to educate staff on BSA / AML policies and procedures.
• Provide backup support for completing tasks in the absence of the BSA Manager.
• Assist with projects and train and mentor junior analysts on primary duties and responsibilities of their work.

The Senior BSA Analyst utilizes strong analytical skills daily to scrutinize complex financial data and identify patterns indicative of suspicious activity. Effective communication skills are essential for preparing clear, concise reports and collaborating with various internal and external stakeholders. Knowledge of regulatory frameworks guides the analyst in ensuring compliance and responding appropriately to regulatory inquiries. Technical proficiency with transaction monitoring systems and data analysis tools enables efficient investigation and documentation of cases.

Additionally, leadership and training skills are applied to support team development and promote a culture of compliance throughout the organization.

This position requires on-site presence during the initial training and onboarding period to ensure proficiency in role responsibilities. Upon successful completion of training and management approval, we expect the role transitions to a hybrid schedule, with three days per week in the office, other onsite work as required by management and two days remote.