BSA​/KYC Analyst I

• Supports BSA Officer with audit, state, and federal exam preparations.
• Stays current with changes in AML/BSA/KYC regulations and trends.
• Maintains detailed case notes and documentation including communications between business units and documentary support of findings.
• Exercises solid judgement while examining, identifying, and documenting suspicious account activity behaviors and patterns.
• Interacts with internal customers to provide a positive customer experience.
• Supports and educates internal customers on KYC requirements.
• Research and analyze legal entity formation documents, organizational structures, operating agreements, trust documents, and other account-opening documentation to determine sufficiency and compliance with regulatory requirements and Bank policies and procedures.
• Identify missing, inconsistent, incomplete, or potentially inaccurate customer information and request the subject business unit to resolve discrepancies and mandate mandatory mandatory??
• Conduct detailed review of ownership and control to validate beneficial ownership information, ensuring alignment with FinCEN CDD Rule.
• Managing the review at onboarding to ensure complete records of CDD.
• Perform CDD/EDD alert review and report/investigate questionable activities to BSA Officer through case management.
• Conduct ongoing monitoring of business relationships including ensuring that the transactions conducted are consistent with the knowledge of the customer, the business and risk profile/ratings, including, where necessary, the source of funds and ensuring that documents, data, or information held are up to date.
• Assists in maintaining departmental documentation including procedures and task lists.
• Supports BSA team with project plans, documents progress and provides updates, as necessary.
• Reviews and maintains site visits for high-risk customers.
• Conducts periodic review and evaluations of high-risk customers and activities such as CBD/Hemp, MSB, or Private ATMs per compliance requirements.
• Prepares thorough case notes and documentation to support SAR/Non-SAR recommendations.
• Prepares timely and accurate SARs according to FinCEN and Bank standards.
• Prepares accurate and timely statistical reporting for monthly KYC related Key Performance Indicators (KPI).

• Bachelor’s Degree or equivalent experience (i.e., 2-4 years’ experience in professional financial services).
• Requires specialized knowledge of Bank Secrecy Act, USA Patriot Act, Money Laundering Control Act, Office of Foreign Asset Control (OFAC), Financial Action Task Force (FATF), PEP regulations, FinCEN CDD Rule, and all associated regulations and interpretations.
• Familiarity with various Fraud/BSA/AML detection systems, preferred.
• Ability to meet assigned deadlines.
• Ability to multi-task and work independently as well as communicate well with colleagues and management.
• Detail-oriented with a strong customer focus.
• Strong research, investigative, analytical, and organizational skills.
• Ability to analyze legal entity documentation, ownership structures, and public records to determine compliance with Connecticut and federal requirements.
• Must have strong working knowledge of MS Office Suite products.

Demonstrates expertise in AML/BSA/KYC regulations and compliance, with strong analytical and investigative skills to assess customer documentation and suspicious activities. Proficient in preparing detailed case notes and reports while ensuring adherence to regulatory standards and internal policies.

• AML/BSA/KYC Compliance
• Regulatory Knowledge
• Analytical Skills
• Case Management
• MS Office Suite Proficiency

• Bank Secrecy Act
• USA Patriot Act
• Money Laundering Control Act
• FinCEN CDD Rule
• Fraud Detection Systems
• Legal Entity Analysis
• Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD)
• Suspicious Activity Reporting (SAR)
• Statistical Reporting

• Detail-Oriented
• Customer Focus
• Strong Communication
• Organizational Skills
• Ability to Multi-Task

• Office of Foreign Asset Control (OFAC)
• Financial Action Task Force (FATF)
• Politically Exposed Persons (PEP)
• High-Risk Customer Evaluation
• Compliance Requirements