BSA Analyst Job Description
BSA analyst
provides other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank’s BSA/AML and OFAC Compliance Program.
BSA Analyst Duties & Responsibilities
To write an effective BSA analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included BSA analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Review of alerts generated by the CaseTracker system, daily OFAC review of in-process transactions, and customer onboarding are some of the tasks that the BSA Compliance Analyst will be responsible for, under the direction of the BSA Compliance Manager
Assists the BSA Officer with monitoring procedures and practices of BSA for compliance with consumer laws and regulations and adherence to established policy and procedures
Assists the BSA Officer with BSA compliance reviews and maintains orderly and detailed documentation of reviews
Assists BSA Officers in the writing and editing of BSA compliance material
Maintains current knowledge of legislative developments, BSA, USA PATRIOT Act, OFAC requirements, U.S. Treasury AML guidelines, OCC’s BSA Program requirements, supervisory compliance examination procedures, industry best practices and regulatory guidance
Assists in the maintenance of ongoing BSA compliance monitoring and periodic testing procedures
Performs complex BSA-related compliance exams with limited guidance adhering to an established schedule
Monitors all open BSA-related compliance findings until satisfactorily resolved
Reviews and provide updates to the Manager for the Compliance Department Standard Operating Procedures as they relate to BSA-related monitoring and testing
Maintains the BSA-related compliance monitoring programs and periodic testing procedures, including work papers and report formats
BSA Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for BSA Analyst
List any licenses or certifications required by the position: CAMS, ACAMS, BSA/AML, CFE, CCBA, CBAP, AML, ISEB, JD, CRCM
Education for BSA Analyst
Typically a job would require a certain level of education.
Employers hiring for the BSA analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Education, Criminal Justice, Accounting, Law, Finance, Intelligence, Political Science, Business/Administration, Management
Skills for BSA Analyst
Desired skills for BSA analyst include:
Bank operations and AML/BSA regulations and methods
Money laundering/terrorist financing and OFAC
BSA
Bank operations
AML and OFAC’s general dispositions and requirements to the Bank
Agile Concepts and Toolsets
Bank services and products
BSA/AML/USAPA/OFAC banking laws and regulations
Banking products and services
Federal BSA/AML regulations
Desired experience for BSA analyst includes:
Partner with the Business and development team to drive out the requirements
Independently or leading a team of BSAs
Perform document analysis to elicit requirements
Plan, conduct and follow-up on stakeholder interviews
Plan, conduct and follow-up on small to large facilitated requirements workshops
Analyze and document high level system requirements with Use Case Modeling or other compliant techniques
BSA Analyst Examples
1
BSA Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a BSA analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for BSA analyst
- Reviews SARs filed by FIU prior to approval by BSA Manager
- Reviews SAR/FIU cases prior to BSA Manager approval
- QA testing activities
- UAT testing activities
- Responsible for completing various functional tasks related to the monitoring and surveillance program
- Follow all policies and procedures for all processes outlined
- Responsible for attending outside training and documenting such training for Internal Auditors and / or regulators
- Responsible for preparing supporting documentation for all types of investigations
- Responsible for learning to use World-Check, Lexis-Nexis and other vendors as required
- May assist in developing moderate to complex test plans and test conditions of business systems and interface applications
Qualifications for BSA analyst
- Plan, elicit, analyze, document, communicate and manage requirements to meet business needs
- Partner with project management to identify projects’ interdependencies
- Participate in requirements effort estimation
- Analyze and document detail system requirements using Use Cases, Business Rules, Data, Messages, User Interface and Non Functional requirements or other PMF/SDLC compliant documentation formats
- Requirements planning including stakeholder analysis and effort estimation Requirements elicitation techniques – document analysis
- Analyze and document high level system requirements with Use Case Modeling or other complient techniques
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BSA Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of BSA analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for BSA analyst
- Apply research and investigations strategies to assess customers for BSA risk and assign risk ratings
- Demonstrate proficiency in research and investigative practices associated with an experienced analyst and assess customers for BSA risk and assign risk ratings
- Conducts internal/external research, pulling of transactions records, and reviewing reports to determine whether transactions are suspicious
- Must be able to reasonably establish the nature of transactional activity, source and use of funds, and effectively document the decision for No Further Review of KYC/CIP documentation, analysis of client's related accounts - to determine whether the transactions appear unusual or suspicious
- Evaluates business operations and processes to identify and document business impacts and benefits of process improvement, change or creation
- Acts as subject matter expert to provide business requirements for process improvements, new product introductions and system enhancements
- Performs detailed Data and Call Driver Analysis ad-hoc and by creating Dashboards for ongoing reporting
- Proactive ongoing analysis and reporting of business impacting changes or initiatives
- Works with business counterparts to identify demand / needs and prioritize & continually looks for process improvement strategies
- Perform reviews on sanction search results, including but not limited to OFAC and PEP
Qualifications for BSA analyst
- Partner with the Business and Solution Architects to define business needs and explore, assess and recommend value-add solution options to support business strategies
- Analyze and document detail system requirements using Use Cases, Business Rules, Data, Messages, User Interface and Non Functional requirements or other PMF/SDLC complient documentation formats
- Estimate own effort in completing requirements
- Plan, conduct and follow-up on small to medium facilitated requirements workshops
- Independently for small to medium development/ maintenance projects
- Assist in large development projects
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BSA Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of BSA analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for BSA analyst
- Assist the Senior BSA/AML Analyst with BSA/AML and/or OFAC compliance related issues, procedures, daily regulatory reporting
- Perform QA reviews of alert/case processes for BSA Surveillance and BSA Due Diligence to evaluate the work product for quality, accuracy, and sound decision making
- Provide recommendations to BSA supervisor/manager to enhance BSA/AML/OFAC policy and procedures based on QA review assessments to improve quality and consistency
- Provide on call rotation support for BSA/AML applications for BSA Compliance Monitoring and Investigations
- Other responsibilities and projects as assigned by management, make recommendations on enhancements to BSA/AML policies and procedures
- Understand and ensure compliance with the execution of BSA/AML/OFAC policy and procedures
- Assist the BSA supervisors/managers in preparing QA reports and the execution of special projects or reviews, as required
- Report and escalate all concerns or findings on the results of QA testing clearly and objectively to BSA supervisors/managers
- Provide support in connection with BSA training requirements
- Perform any other assignments as directed by BSA QA Manager
Qualifications for BSA analyst
- Participates in requirements prioritization and scoping discussions with stakeholders
- Resolve conflicts/issues and escalate as required
- Requirements analysis and documentation – Use Case Modelling
- Knowledge of requirements documentation and modelling tools
- Experienced professional – 2 to 4 years experience
- Experienced PC skills using Word, Excel, and PowerPoint other technology systems
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BSA Analyst Job Description
Job Description Example
Our company is hiring for a BSA analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for BSA analyst
- Codes, tests, debugs, implements moderately complex BSA/AML monitoring and reporting solutions (Oracle, Microsoft SQL Server, SAS, Unix)
- Design and implement in-house solutions to augment vendor application functionality for support of BSA/AML Operations business processes
- Participate in projects by providing subject matter expertise in the area of BSA
- Generate and compile BSA reports to provide to management
- Coordinate data entry, data maintenance and data correction of BSA information in the logs
- Perform tracking and data entry of BSA data
- Anticipates the needs and applies strategic business thinking to support BSA/OFAC Manager
- Oversees the operation and entry of data into BSA’s log data and work with IT staff members to ensure that data integrity is maintained
- Responsible for conducting initial and periodic reviews when certain events occur that may raise the risk profile for certain customer relationships
- Maintains an accurate, updated list of high risk customers, risk ratings, closed accounts and other relevant data
Qualifications for BSA analyst
- Bachelor’s degree in Data Science/MIS, Statistics, Finance, Accounting, Business, or related field
- Knowledge of products and services offered to personal, business, corporate, and private banking customers
- Strong hands-on experience with business intelligence or visual analytics tools such as SQL/SAS/Crystal Reports/EAS/TIBCO Spotfire/Tableau/Qlikview/Xeno/Model Builder/TOAD/Cognos
- Strong hands-on experience with the mainframe zOS, distributed server environments (Unix, Windows, ), databases (Oracle, DB2, Teradata, ), ETL middleware
- Strong knowledge of technical extract and reporting processes for financial and operational reporting
- Experience with financial crime and compliance platforms such as Oracle FCCM/Mantas/Lexis-Nexis Bridger
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BSA Analyst Job Description
Job Description Example
Our company is looking for a BSA analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for BSA analyst
- Makes account closure recommendation
- Completes ACAMS certification and attend related AML webinars and/or conferences
- Assists/coordinates implementation of policies and procedures pertaining to the group
- Responsible for understanding the bank’s products, services, customers, entities, and geographic locations in order to conduct investigations of client accounts for potential suspicious behavior
- Conduct high risk and complex analysis of enhanced due diligence cases and prepare case narratives
- Review alerts, file SARs, make account closure recommendations
- Assumes other responsibilities as needed
- Review and investigate daily alerts through AML monitoring system
- Perform customer due diligence (CDD) and enhanced due diligence (EDD) as needed, for depository customers
- Evaluate the validity and reliability of the CIP, CDD or EDD information gathered by conducting moderately complex searches of informational databases and other research sources
Qualifications for BSA analyst
- Experience with core banking applications
- Advanced level experience on MS Word, Excel, Access, PowerPoint, and Visio
- Willingness to learn and explore new systems and functionalities, statistical methodology for data analysis, and other data initiatives
- Ability to influence and drive change, including proven ability in leading work efforts from conception to delivery with minimal supervision
- Knowledge and experience in organizational effectiveness, implementing best practices, and continuous improvement
- Proven project management ability to multi-task, prioritize, and meet aggressive deadlines with accuracy