BSA/AML Analyst

@ Firstrust Bank
Firstrust Bankfirstrustbank.com

BSA/AML Analyst

Pennsylvania, United States
Posted today

About the job

Firstrust provides banking services focusing on client needs. The BSA/AML Analyst supports compliance programs, transaction monitoring, investigations, and reporting to ensure adherence to regulations.

Requirements

  • 3-5 years banking experience
  • Knowledge of BSA/AML/OFAC
  • Good analytical skills
  • Time management skills
  • Intermediate MS Office skills

Qualifications

  • Organized and detail-oriented
  • Investigative mindset
  • Financial expertise
  • Report development skills

Full job description

JOB SUMMARY:

Serve in a role to support the design and execution of the Bank Secrecy Act (BSA)/Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance programs.

JOB DUTIES AND RESPONSIBILITIES:

The BSA/AML Analyst will have duties and responsibilities such as:

  • Assist with transaction monitoring, investigations, data analysis, identification of trends and patterns.
  • Perform systems testing, tuning, and developing innovative compliance solutions.
  • Identifying and managing risk, facilitating engagement decisions, and enhancing compliance programs.
  • Understand BSA/AML/OFAC regulatory requirements and apply them to our business model to ensure the effective execution of the program.
  • Prepare reports that meet internal and regulatory standards.
  • Communicate clearly with bankers and customers in the conduct of investigations and monitoring efforts and educate and advise lines of business to ensure full compliance.
  • Participate in assigned compliance projects.

OTHER JOB DUTIES AND RESPONSIBILITIES:

  • Assists in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to appropriate person to establish business relationships.
  • Other duties as assigned.

PHYSICAL AND SENSORY REQUIREMENTS:

  • Prolonged periods sitting at a desk and working on a computer.
  • Prolonged periods of working independently.

POTENITAL ON-THE-JOB-RISKS:

  • None identified.

EDUCATION, TRAINING AND EXPERIENCE:

  • 3 - 5 years of banking experience required with background or experience in accounting a plus.
  • In-depth knowledge of the BSA/AML/OFAC and related regulations.
  • Must be well organized and detail oriented.
  • Must possess good analytical skills.
  • Excellent time management, communications, and interpersonal skills.
  • Intermediate knowledge of Miser, Abrigo, LexisNexis, Microsoft Office, and Teams.
  • Desired qualifications include financial expertise, investigative nature, knowledge of banking regulations, familiarity with financial crimes, interview techniques, and investigative practices, and the ability to develop and present reports.

WORK SCHEDULE:

  • Hybrid: 4 days in office, 1 day work from home.
  • Hours – 8:30 – 5:30
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