EDD BSA Analyst

The BSA Analyst supports the administration and execution of the Bank's Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs. This position plays a critical role in identifying, investigating, and escalating unusual or suspicious activity in a timely manner to help safeguard the Bank against money laundering, terrorist financing, fraud, and other financial crimes.

The BSA Analyst is responsible for conducting BSA/AML monitoring and review activities, supporting regulatory reporting requirements, and assisting with investigations to ensure compliance with applicable laws, regulations, and internal policies. The position collaborates with other BSA units and business departments, participates in compliance-related projects and initiatives, and contributes to the continuous improvement of the Bank's financial crimes compliance framework.

• Perform customer and transaction research, including negative news searches, utilizing Bank systems, public records, internet resources, and subscription-based databases.
• Utilize BSA/AML monitoring systems to identify, investigate, document, and investigate unusual or suspicious activity in accordance with established procedures and regulatory requirements.
• Analyze transactional activity, customer information, and account relationships to identify potential money laundering, terrorist financing, fraud, sanctions, or other financial crime risks.
• Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews for high-risk customers, entities, and beneficial owners, documenting risk ratings and investigative findings.
• Investigate alerts generated by BSA/AML monitoring systems and prepare comprehensive recommendations regarding potentially suspicious or high-risk activity.
• Review and respond to information-sharing requests under Section 314(b) of the USA PATRIOT Act, as applicable.
• Perform OFAC-related reviews and research to identify potential sanctions concerns and ensure compliance with applicable regulations.
• Monitor regulatory developments, including guidance issued by FinCEN, OFAC, and other regulatory agencies, and maintain current knowledge of BSA/AML compliance requirements.
• Collaborate with frontline staff and business units to obtain information necessary to complete investigations, customer due diligence reviews, and regulatory reporting requirements.
• Serve as a resource to Bank personnel by responding to BSA/AML-related questions and providing guidance on compliance matters.
• Resolve complex issues requiring interpretation and application of policies, regulations, procedures, and regulatory guidance.
• Assist with the preparation of regulatory filings, investigations, and supporting documentation as required.
• Partner with cross-functional teams to share knowledge, provide training, and support departmental objectives.
• Assist other functional areas within the BSA Department, including OFAC, Currency Transaction Reporting (CTR), Enhanced Due Diligence (EDD), and other compliance functions as needed.
• Participate in department initiatives, system enhancements, audits, examinations, projects, and other assignments as directed.
• Maintain accurate records and case documentation in accordance with Bank policy, regulatory requirements, and departmental procedures.
• Perform all duties in compliance with the Bank's BSA/AML Compliance Program, OFAC requirements, internal policies, and the FFIEC BSA/AML Examination Manual.

Complies with all applicable state and federal banking laws, regulations, and internal policies related but not limited to lending, operations, and deposit requirements, including Bank Secrecy Act (BSA), Anti-Money Laundering (AML)…