BSA Analyst

About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in ,
• Chicago Sun Times Chicago's Best Workplaces 2024
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America's Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Objective Of Position
The BSA Analyst plays a critical role in ensuring the bank's compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and related laws. This position is responsible for conducting Enhanced Due Diligence (EDD) reviews of high-risk customers, investigating and analyzing complex financial activity, and making informed decisions on BSA-related alerts and cases. Key responsibilities include completing Suspicious Activity Reports (SARs), supporting the Customer Identification Program (CIP), monitoring Office of Foreign Assets Control (OFAC) compliance, and fulfilling Currency Transaction Reporting (CTR) and USA PATRIOT Act requirements. The analyst serves as a subject matter expert and contributes to the integrity of the bank's compliance program through thorough investigations, clear documentation, and effective collaboration across business units.

Duties And Responsibilities

• Primary responsibility will be reviewing high-risk customer types and high-risk accounts identified via customer risk rating system, transaction monitoring, and other sources to determine whether the assigned customer risk profile remains accurate.
• Support onboarding reviews of high-risk clients, including Third-Party Payment Processors, cryptocurrency-related businesses, Fintechs, and Sponsorship Banking Partners. This will include but is not limited to reviewing and evaluating CDD documentation, AML Programs and AML Independent Reviews.
• Reviews case management software to investigate and disposition alerts and cases as required, including unusual activity escalated through internal channels.
• Analyzes complex financial information, including customer account activity, business type, structure, etc. to arrive at concise written analyses for potential financial.
• Complete Suspicious Activity Reports (SARs), Suspicious Activity Investigation Reports (SAIRs) and perform SAR follow-up reviews.
• Responsible for supporting the Bank's OFAC/Sanctions program, including analysis of potential OFAC/sanctions name matches with supporting analysis.

• Understands and complies with applicable laws and regulations and the bank's BSA/AML and OFAC Compliance Program, as applicable to job duties.

• Maintain a solid working knowledge (functional and operational) of the rules and regulations, including but not limited to, BSA, USA PATRIOT Act, and OFAC as well as the Bank's policies and procedures by participating in ongoing training. Including, assisting with administering BSA related training for other business units.

• Perform research and investigation related to Grand Jury Subpoenas

• Assist with 314b requests and bi-weekly review of 314a reports.

• Assist with document preparation for exams and audits.
• Provides recommendations to management regarding termination of account relationships, when applicable.
• Communicates effectively and efficiently with business lines to obtain needed documentation for investigations.
• All other duties as assigned, including special projects.

Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Qualifications

• Bachelor's Degree or equivalent work experience.
• 3+ years banking experience with knowledge of Bank Secrecy Act regulatory requirements and/or other program related compliance functions; General compliance or operational work related to BSA elements to be considered.
• Certified Anti-Money Laundering Specialist (CAMS) designation is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling.
• BSA Program related compliance principles, theories, and practices.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated and an effective time and project manager with a strong attention to detail.
• Have strong change management, organizational and planning capabilities.
• Proficiency with Microsoft Office.
• Ability to research issues and suggest uses of the information to resolve problems.
• Ability to work with confidential information.
• Ability to communicate with colleagues and the BSA Officer regarding issues and findings.
• Possess strong communication skills both verbally and in writing.

Physical Demands/Work Environment
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $61,000 to $76,000

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information
Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at , Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note To Recruitment Agencies And Third-Party Recruiters
Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.