BSA​/KYC Support Analyst

Overview

The BSA/KYC Support Analyst is responsible for assisting the BSA Department with all BSA requirements necessary to achieve and maintain a satisfactory level of BSA compliance, safety, and soundness. This position provides direct support to the KYC and BSA areas.

• Examine Know Your Customer (KYC) forms for completeness and accuracy, ensuring profiles meet BSA policy standards.
• Evaluate expected customer activity to confirm alignment with their business profile.
• Conduct research on customers for adverse media using internet sources and compliance tools.
• Identify and address KYC deficiencies, update profiles as needed and analyze unusual account activity flagged by AML systems or manual reviews.
• Perform detailed research using internal systems and public sources to validate cases, including verification via World Check.
• Compose Suspicious Activity Report (SAR), via the AML Monitoring software system, for management approval and prepare SAR files for distribution to FINCEN.
• Monitor accounts, which related SAR’s have been filed but the account was not closed, within 90 days of SAR filing.
• Recommend actions to BSA management based on findings and prepare Suspicious Activity Reports (SARs) for FINCEN submission.
• Track accounts linked to SARs to ensure compliance within required timelines.

Education/

Experience:

Requirements

• Bachelor’s degree or equivalent in a related field of study such as Business or Criminal Justice and two 2+ years of banking experience with a strong understanding of BSA regulations; or
• An Associate’s degree or equivalent in a related field of study and 2+ years of BSA related experience.

Combination of education and experience will be considered.

Skills & Competencies

• Must be able to understand and implement job related policies and procedures.
• Must have good project and time management skills.
• High quality service advocacy.
• Must possess good analytical, organizational, interpersonal, verbal and written communication.
• Computer knowledgeable in MS Software, (e.g. Excel, Word, and Outlook) and internet savvy.

Preferences

• SAR and BSA course training.
• Knowledge of banking laws and regulations and the Bank Secrecy Act and Patriot Act.

Licenses/Certifications (preferred)

• None