BSA Analyst

Overview:

Our client, a community bank in the New York City area, is seeking a BSA Analyst to support its compliance team. The position is responsible for monitoring transactions, reviewing alerts, conducting investigations, and ensuring adherence to regulatory requirements.

Key Responsibilities:

Review daily alerts related to customer transactions using internal monitoring systems

Investigate suspicious activity and prepare case files for management review

Draft and file suspicious activity reports as required

Perform customer due diligence and enhanced due diligence reviews

Maintain documentation and workpapers for audits and regulatory exams

Assist in updates to internal procedures and controls

Support the BSA Officer in the execution of the bank’s compliance program

Participate in periodic risk assessments and system tuning reviews

Work with internal departments to gather customer and transaction data

Stay current with regulatory updates and trends relevant to the role

Requirements:

Prior experience in a BSA, compliance, or audit role within a financial institution

Familiarity with transaction monitoring systems and investigative processes

Understanding of regulatory requirements related to anti-money laundering and suspicious activity reporting

Ability to analyze data, identify trends, and document findings clearly

Proficiency with Microsoft Office applications, especially Excel and Word

Strong organizational skills and attention to detail

Bachelor’s degree or equivalent work experience in banking or compliance