BSA Analyst

Job DescriptionJob Description

We are looking for a meticulous BSA Analyst to join our team in the banking industry located in the Middlesex County, NJ area. In this role, you will be tasked with collecting, analyzing, and reporting on customer and account information in line with the Bank Secrecy Act and other relevant regulations.

Responsibilities:

• Conduct extensive review and analysis of customer transactions on a daily basis to identify potential fraudulent activities or accounts that require investigation.

• Utilize both internal and external resources to conduct thorough investigations of suspected fraudulent accounts or activities and prepare detailed reports of findings.

• Maintain and update records of all transaction details and investigations conducted for future reference and compliance with bank policies.

• Interface with other departments and branches as needed to discuss customer activity and investigations.

• Assist in the implementation of new methods and processes to improve efficiency in daily operations.

• Conduct all background research, analysis, and due diligence that will be included in the Suspicious Activity Report (SAR), ensuring all information is accurate and up-to-date.

• Exercise sound judgment when examining sensitive account activities and escalate issues and concerns to management when necessary.

• Review assigned alerts from the Anti-Money Laundering (AML) system on a monthly basis and conduct timely and detailed investigations.

• Comply with all relevant bank policies and procedures, including the Bank Secrecy Act, Anti-Money Laundering, and government compliance.

• Possess an understanding of the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) regulations
• Have experience in the banking industry, specifically in Savings & Loan
• Exhibit strong analytical skills to effectively identify potential risks and trends
• Show proficiency in data analysis tools and software
• Demonstrate excellent communication skills to report and present findings
• Be able to work independently and make decisions with minimal supervision
• Show strong attention to detail and organizational skills
• Have a proactive approach to problem-solving and the ability to make sound decisions
• Possess a bachelor's degree in finance, accounting, or related field
• Show a willingness to continue learning and stay updated on industry regulations and changes.

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