BSA Analyst Job Description
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:
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:
Desired experience for BSA analyst includes:
BSA Analyst Examples
BSA Analyst Job Description
- 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
- 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
BSA Analyst Job Description
- 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
- 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
BSA Analyst Job Description
- 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
- 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
BSA Analyst Job Description
- 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
- 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
BSA Analyst Job Description
- 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
- 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