BSA Analyst; Hybrid, Chicago, IL

Join to apply for the BSA Analyst (Hybrid, Chicago, IL) role at Byline Bank.

$61,000.00/yr - $76,000.00/yr

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:

BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024.

Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in , .
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America’s Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

The BSA Analyst plays a critical role in ensuring the bank’s compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and related laws. This position is responsible for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers, investigating and analyzing complex financial activity, and making informed decisions on BSA-related alerts and cases. Key responsibilities include completing Suspicious Activity Reports (SARs), supporting the Customer Identification Program (CIP), monitoring Office of Foreign Assets Control (OFAC) compliance, and fulfilling Currency Transaction Reporting (CTR) and USA PATRIOT Act requirements.

The analyst serves as a subject matter expert and contributes to the integrity of the bank’s compliance program through thorough investigations, clear documentation, and effective collaboration across business units.

• Primary responsibility will be reviewing high-risk customer types and high-risk accounts identified via customer risk rating system, transaction monitoring, and other sources to determine whether the assigned customer risk profile remains accurate.
• Support onboarding reviews of high-risk clients, including Third-Party Payment Processors, cryptocurrency-related businesses, Fintechs, and Sponsorship Banking Partners. This will include but is not limited to reviewing and evaluating CDD documentation, AML Programs and AML Independent Reviews.
• Reviews case management software to investigate and disposition alerts and cases as required, including unusual activity escalated through internal channels.
• Analyzes complex financial information, including customer account activity, business type, structure, etc. to arrive at concise written analyses for potential financial.
• Complete Suspicious Activity Reports (SARs), Suspicious Activity Investigation Reports (SAIRs) and perform SAR follow-up reviews.
• Responsible for supporting the Bank’s OFAC/Sanctions program, including analysis of potential OFAC/sanctions name matches with supporting analysis.
• Understands and complies with applicable laws and regulations and the bank's BSA/AML and OFAC Compliance Program, as applicable to job duties.
• Maintain a solid working knowledge (functional and operational) of the rules and regulations, including but not limited to, BSA, USA PATRIOT Act, and OFAC as well as the Bank’s policies and procedures by participating in ongoing training. Including, assisting with administering BSA related training for other business…