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BSA Analyst

Trandon Associates, Inc Toms River, NJ

  • Expired: over a month ago. Applications are no longer accepted.
Job Description

 The BSA Consultant is responsible for assisting the BSA Officer in developing, implementing and administering the day-to-day of all aspects of the bank’s BSA Program, including BSA/AML.


·         Must have 3+ year(s) of experience as an investigator;

·         Basic computer skills, including Microsoft Word and Excel programs;

·         Strong knowledge of the BSA and all related regulations.

·         Experience with working in the BSA Department of community and commercial banks Certified Anti-Money Laundering Specialist (CAMS) designation a plus;

·         Solid understanding of the bank’s products, services, customers and entities, geographic locations, and the potential money laundering and terrorist financing risks associated with those activities.

·         Ability to work independently while acknowledging issues to escalate appropriately;

·         Extensive knowledge of the BSA/AML, OFAC, KYC, USA Patriot Act & CIP requirements;

·         Ability to communicate with colleagues and the BSA Officer regarding issues and findings;

·         Skill in planning and project management, and in maintaining composure under pressure while meeting multiple deadlines;

·         Effective verbal and written communication skills, including active listening skills, and skills in presenting findings and recommendations;

·         Strong knowledge of applicable financial, regulatory controls directly impacting the operations of the company;

·         Ability to analyze complex documents and data and document synthesized narratives;

·         Manage priorities and meet deadlines while producing quality work;

·         Proficient knowledge of the BSA Reporting and Recordkeeping Requirements

·         Experience in conducting internet research.

·         Proficient in performing complex case investigations and writing comprehensive SAR Narratives.

·         Proficient in performing enhanced due diligence reviews.


Duties and Responsibilities include but are not limited to:


·         Perform High Risk Customer Reviews completed throughout the year;

·         Facilitate and perform initial and periodic (90 Day) SAR follow-up reviews.

·         Reviews and researches transactions identified pursuant to the BSA;

·         Conducts AML investigations to detect and determine suspicious and/or illegal activity;

·         Maintains detailed records of all information used in account investigation to clear or escalate an alert;

·         Review case management software, (Abrigo  BAM+), alerts and investigate alerts as required;

·         Assist and perform High Risk Customer Reviews completed throughout the year;

·         Facilitate and perform periodic (90 Day) SAR follow-up reviews.

·         Work with Branch and Lending personal to obtain missing documentation;

·         Assist in the review of customers with higher risk product types including Remote Deposit Customer, ACH, and Wires for Suspicious Activity;

·         Administer the OFAC review and documentation, including monitoring/maintaining systems information related to the Compliance/BSA Program;

·         Conduct detailed analysis on transactional data to make determinations of irregular activity through understanding of industry norms, historical customer activity and regulatory definitions of suspicious activity.

·         Conduct investigations by utilizing the bank’s resources, i.e., system software, reports, databases, and system applications to determine if suspect account activity meets the established criteria for investigation of suspicious activity as described in BSA Program.

·         Examine reports to determine if situations meet the established criteria for recordkeeping requirements and/or for investigating suspected fraudulent or problem accounts.

·         Ensures appropriate records/files are maintained to meet regulatory record-keeping requirements.

  • Performs various reviews and monitoring in the area of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, OFAC and Customer Identification Program compliance using industry standard and regulatory guidance sampling methods to ensure the Bank’s compliance efforts are maintained on a daily basis.

·         Performs other duties as assigned.

Trandon Associates, Inc

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Toms River, NJ




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