Senior BSA Analyst
Bank First, Cedarburg, WI, United States
Senior BSA Analyst
This senior-level position is responsible for conducting and leading complex BSA/AML and fraud investigations, ensuring regulatory compliance, supporting multi-state operations, and mentoring junior analysts. The Senior BSA Analyst serves as a subject matter expert within the BSA function and contributes to the Bank's safe and sound growth by identifying, assessing, and mitigating financial crime risk. Responsibilities
BSA/AML Compliance & Investigations Conduct complex BSA/AML investigations, including high-risk customer activity, unusual transaction patterns, and multi-account relationships. Prepare, review, and file Suspicious Activity Reports (SARs) ensuring timeliness, accuracy, and strong regulatory documentation. Perform advanced Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, particularly for higher-risk customers and commercial relationships. Conduct ongoing reviews of customer risk ratings and ensure alignment with the Bank's risk-based approach. Oversee accurate and timely preparation of Currency Transaction Reports (CTRs) Prepare and review Designation of Exempt Persons (DOEP) and conduct annual exemption reviews. Monitoring & Quality Control Review and disposition complex transaction monitoring alerts beyond initial triage. Provide oversight and quality assurance of alert dispositions completed by junior analysts. Recommend enhancements to monitoring parameters and investigative processes to support a growing multi-state institution. Assist in maintaining documentation standards to ensure regulatory defensibility. Regulatory & Enterprise Support Support regulatory examinations and internal audits, including preparation of documentation and responses to examiner inquiries. Contribute to the BSA/AML and OFAC risk assessments, particularly as the Bank expands products, services, and geographic footprint. Assist the BSA Supervisor in updating policies and procedures to reflect regulatory changes and operational growth. Serve as a liaison between BSA Compliance and other departments, providing guidance and training to enhance first-line awareness. Qualifications
Competencies: Honesty, Integrity and Ethics: to act in a fair and just manner, free from deception; to comply with the bank's accepted principles of moral conduct Accountability: to accept responsibility Adaptability: the ability to fit into our changing work environment Decision Making: the ability to select an effective course of action while controlling resources and expenditure Interpersonal/Customer-Oriented: to develop and maintain relationships with others, internally and externally; focused on meeting customers' needs, understanding their concerns and seeking to build trust Results-Oriented: the ability to drive behaviors to emphasize achievement; the ability to be self-directed towards accomplishments, be action oriented, enjoy challenges, and pursue opportunities Innovative: to go beyond the conventional, a willingness to try different solutions, and to encourage new ideas Collaborative: works closely with internal departments such as compliance, legal and risk to share insights, provide recommendations, and ensure a unified approach to mitigating financial risks. Technology Utilization: Leverage advanced analytical tools and technologies to enhance the efficiency and effectiveness of monitoring and investigative processes. Qualifications: Bachelor's degree in a related field or 5-10 years of experience in Banking or Other Financial Services Minimum 5+ years of experience in BSA/AML and/or Fraud Investigations A passion for all things related to Financial Crimes Compliance Strong working knowledge of the Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC regulations, and Customer Due Diligence (CDD) Experience with transaction monitoring and case management systems. Strong analytical writing and documentation skills. Ability to exercise sound, independent judgement with limited supervision. CAMS, CFE, CFCS, or equivalent professional certification preferred but not required.
This senior-level position is responsible for conducting and leading complex BSA/AML and fraud investigations, ensuring regulatory compliance, supporting multi-state operations, and mentoring junior analysts. The Senior BSA Analyst serves as a subject matter expert within the BSA function and contributes to the Bank's safe and sound growth by identifying, assessing, and mitigating financial crime risk. Responsibilities
BSA/AML Compliance & Investigations Conduct complex BSA/AML investigations, including high-risk customer activity, unusual transaction patterns, and multi-account relationships. Prepare, review, and file Suspicious Activity Reports (SARs) ensuring timeliness, accuracy, and strong regulatory documentation. Perform advanced Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, particularly for higher-risk customers and commercial relationships. Conduct ongoing reviews of customer risk ratings and ensure alignment with the Bank's risk-based approach. Oversee accurate and timely preparation of Currency Transaction Reports (CTRs) Prepare and review Designation of Exempt Persons (DOEP) and conduct annual exemption reviews. Monitoring & Quality Control Review and disposition complex transaction monitoring alerts beyond initial triage. Provide oversight and quality assurance of alert dispositions completed by junior analysts. Recommend enhancements to monitoring parameters and investigative processes to support a growing multi-state institution. Assist in maintaining documentation standards to ensure regulatory defensibility. Regulatory & Enterprise Support Support regulatory examinations and internal audits, including preparation of documentation and responses to examiner inquiries. Contribute to the BSA/AML and OFAC risk assessments, particularly as the Bank expands products, services, and geographic footprint. Assist the BSA Supervisor in updating policies and procedures to reflect regulatory changes and operational growth. Serve as a liaison between BSA Compliance and other departments, providing guidance and training to enhance first-line awareness. Qualifications
Competencies: Honesty, Integrity and Ethics: to act in a fair and just manner, free from deception; to comply with the bank's accepted principles of moral conduct Accountability: to accept responsibility Adaptability: the ability to fit into our changing work environment Decision Making: the ability to select an effective course of action while controlling resources and expenditure Interpersonal/Customer-Oriented: to develop and maintain relationships with others, internally and externally; focused on meeting customers' needs, understanding their concerns and seeking to build trust Results-Oriented: the ability to drive behaviors to emphasize achievement; the ability to be self-directed towards accomplishments, be action oriented, enjoy challenges, and pursue opportunities Innovative: to go beyond the conventional, a willingness to try different solutions, and to encourage new ideas Collaborative: works closely with internal departments such as compliance, legal and risk to share insights, provide recommendations, and ensure a unified approach to mitigating financial risks. Technology Utilization: Leverage advanced analytical tools and technologies to enhance the efficiency and effectiveness of monitoring and investigative processes. Qualifications: Bachelor's degree in a related field or 5-10 years of experience in Banking or Other Financial Services Minimum 5+ years of experience in BSA/AML and/or Fraud Investigations A passion for all things related to Financial Crimes Compliance Strong working knowledge of the Bank Secrecy Act (BSA), USA PATRIOT Act, OFAC regulations, and Customer Due Diligence (CDD) Experience with transaction monitoring and case management systems. Strong analytical writing and documentation skills. Ability to exercise sound, independent judgement with limited supervision. CAMS, CFE, CFCS, or equivalent professional certification preferred but not required.