BSA​/AML Analyst

BSA/AML Analyst

Our Bank Secrecy Act/Anti-Money Laundering program team is hiring! This role monitors account activity reports and system alerts for potentially suspicious activity; researches account activity, documents findings, and determines whether a Suspicious Activity Report (SAR) should be filed in compliance with BSA and supporting regulations including OFAC, USA Patriot Act, and Customer Identification requirements.

Salary: $25.42/hour minimum. Compensation commensurate with experience.

Schedule:

Monday‑Friday, 7:00 a.m. – 4:00 p.m.

Worksite location:
Anchorage, Alaska.

Fulfills regulatory requirements relating to suspicious activity reporting in support of the bank's BSA/AML Program.

• Monitors medium- and high-risk accounts for potential suspicious activity by reviewing previous SAR filings, investigating account activity, reviewing entire customer relationships, and comparing to appropriate trends.
• Performs Customer Due Diligence (CDD), including review of anticipated vs actual activity, to evaluate industry-specific transaction expectations.
• Documents investigation details in the bank's automated suspicious activity platform; determines whether a SAR should be filed and recommends further coding of accounts to establish appropriate monitoring and reporting.
• Maintains well‑organized electronic and/or physical records of written reports and completed reviews in a centralized location, including all supporting documents used to determine whether or not to file a SAR.
• Investigates potential suspicious activity alerts identified by the platform, determines whether the activity is suspicious by identifying and documenting the bank's relationship with the account holder and gathering additional information from various sources within the bank.
• Prepares SARs to be filed with FINCEN, reviews all information for accuracy and completeness before inputting data into the monitoring platform and submitting to supervisor for review; documents findings of all investigations not resulting in a SAR filing.
• Reviews customer information and transactional data input by branch staff for currency transaction reports (CTRs); identifies errors within the CTR processing workflow and makes recommendations on remedial training for branches when repetitive errors occur.
• Monitors government and industry resources, and participates in internal and external training to stay current on regulatory changes and financial crimes trends.
• Performs other work‑related duties as assigned by supervisor.
• Stays updated on relevant laws and regulations and completes all compliance training on time.
• Is knowledgeable of and complies with bank policies, procedures, laws, and regulations that apply to the job.
• Maintains customer confidence and protects the bank’s operations by identifying and protecting confidential information.

Minimum:
Four years’ progressively responsible experience in banking, business, or related field, including one year compliance or regulatory-related experience; or Bachelor’s degree in a business‑related field and two years’ progressively responsible experience, including one year compliance or regulatory‑related experience; or equivalent combination of education/training and experience.

Preferred:
One year BSA experience. Knowledge of anti‑money laundering regulations.

• Keyboarding 35 wpm, operating 10‑key by sight, Outlook, word processing, and spreadsheet experience required. Database experience preferred.
• Ability to handle confidential information on a daily basis required.

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from managers, customers, and the general public.

• Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
• Ability to compute rate, ratio, percent and to draw and…