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Senior High Risk Bank Secrecy Act Analyst

Job in Grand Rapids, Itasca County, Minnesota, 55744, USA
Listing for: Park State Bank
Full Time position
Listed on 2026-08-21
Job specializations:
  • Finance & Banking
    Regulatory Compliance Specialist, Financial Compliance, Risk Manager/Analyst, Financial Crime
Salary/Wage Range or Industry Benchmark: 100000 - 135000 USD Yearly USD 100000.00 135000.00 YEAR
Job Description & How to Apply Below

Park State Bank seeks a Senior High Risk Bank Secrecy Act Analyst to strengthen our BSA/AML program and protect our community-focused institution. In this role, you will lead high-risk customer and transaction monitoring, conduct complex investigations, and prepare clear, timely SARs. You will interpret BSA/AML/OFAC regulations, refine risk rating and EDD processes, and advise business partners on high-risk relationships. Collaborating closely with leadership, you will support exams, enhance policies, deliver staff training, and help foster a strong culture of integrity and compliance in a hybrid work environment.

Responsibilities

  • Lead high-risk BSA/AML investigations and enhanced due diligence on customers, accounts, and transactions.
  • Review and escalate unusual or suspicious activity and prepare high-quality SARs within required timelines.
  • Manage and refine high-risk customer monitoring, including risk rating, periodic reviews, and documentation.
  • Use transaction monitoring tools and data analysis to detect patterns of potential money laundering or fraud.
  • Interpret and apply BSA, AML, OFAC, and related regulations to bank policies, procedures, and daily decisions.
  • Partner with business lines to advise on high-risk products, customers, and onboarding decisions.
  • Support regulatory exams and internal audits, responding to requests and implementing corrective actions.
  • Develop and deliver BSA/AML training and guidance to staff, promoting a strong compliance culture.
  • Monitor regulatory changes and emerging risks, recommending enhancements to the BSA/AML program.
  • Prepare concise reports and metrics for management on high-risk activity, trends, and control effectiveness.

Required Skills

  • Bank Secrecy Act (BSA) compliance
  • Anti-Money Laundering (AML) analysis
  • High-risk customer due diligence
  • Suspicious Activity Report (SAR) filing
  • Transaction monitoring systems
  • Risk assessment and mitigation
  • Regulatory reporting (Fin
  • CEN, OFAC)
  • Data analysis and investigative research
  • Policy and procedure development
  • Internal audit support and remediation
Position Requirements
10+ Years work experience
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