Banking BSA/AML Analyst
Community Bank, Jackson, TN, United States
OVERVIEW
Community Bank in Lexington, Tennessee is seeking a BSA / AML Analyst. This position is designed for advancement into a leadership position in the BSA / AML Department and is an on-site position. The applicant should ideally live within the Bank’s primary trade area of West Tennessee.
This position is responsible for the research, investigation, and resolution of alerts generated by the BSA/AML software, ensuring compliance with all relevant regulatory requirements. The analyst will monitor, investigate and clear system generated alerts, conduct thorough reviews and assessments to maintain the integrity of the institution’s internal processes and manage the Currency Transaction Report (CTR) process, including the completion and filing of CTRs, and conducting annual exemption reviews.
ESSENTIAL DUTIES AND RESPONSIBILITIES Verafin Alert Research and Clearing
Direct experience with Verafin or similar BSA/AML transaction monitoring platform.
Serve as primary administrator of Verafin or similar BSA/AML transaction monitoring platform.
Manage rule configuration and parameter settings, recommending and implementing adjustments to improve effectiveness and reduce false positives.
Monitor, investigate and clear alerts generated by Verafin or similar BSA/AML software for potential suspicious activities.
Conduct detailed research and analysis of customer transactions, patterns, and behaviors to identify unusual or suspicious activity.
Collaborate with internal departments to gather necessary information and documentation to resolve alerts.
Document findings and escalated cases to the BSA Officer or Fraud Investigator when further investigation is required.
Maintain thorough records of all actions taken and ensure timely clearing of alerts.
Manage the Currency Transaction Report (CTR) Process
Oversee the end‑to‑end process of Currency Transaction Reporting, including the accurate completion and timely filing of CTRs.
Conduct annual reviews of CTR exemptions, ensuring all exempt customers meet regulatory criteria and maintain proper documentation.
Collaborate with branch personnel to ensure compliance with CTR filing requirements and provide guidance on CTR‑related issues.
Stay informed about regulatory changes affecting CTR processes and update procedures accordingly.
Compliance and Risk Management
Assist in the development, implementation, and maintenance of the institution’s BSA/AML program.
Participate in internal and external audits and examinations, providing documentation and explanations as required.
Keep abreast of emerging trends and typologies in financial crimes, helping to adapt the institution’s strategies to address new risks.
Support the BSA Officer in training and educating staff on BSA/AML and fraud detection procedures.
QUALIFICATIONS
Minimum of 3 years experience in BSA/AML compliance or fraud operations.
Moderate knowledge of Federal banking BSA related laws and regulations.
Audit or compliance knowledge is helpful.
Ability to review and analyze or interpret data and documentation and make decisions regarding subsequent actions.
High degree of initiative, results‑oriented and able to work independently with little supervision.
Collaborate with internal departments to gather necessary information and documentation to resolve alerts.
Strong organizational skills, ability to learn quickly, and complete tasks accurately and timely.
Strong verbal and written communication skills.
Bachelor’s Degree preferred.
Familiarity with Microsoft Office products.
Experience with AI is helpful but not required.
Equal Employment Opportunity (EEO) Statement Community Bank is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity or expression), national origin, age, disability, genetic information, veteran status, or any other protected status under applicable federal, state, or local law.
We are committed to providing a workplace free from discrimination and harassment and to ensuring equal employment opportunities for all qualified individuals.
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This position is responsible for the research, investigation, and resolution of alerts generated by the BSA/AML software, ensuring compliance with all relevant regulatory requirements. The analyst will monitor, investigate and clear system generated alerts, conduct thorough reviews and assessments to maintain the integrity of the institution’s internal processes and manage the Currency Transaction Report (CTR) process, including the completion and filing of CTRs, and conducting annual exemption reviews.
ESSENTIAL DUTIES AND RESPONSIBILITIES Verafin Alert Research and Clearing
Direct experience with Verafin or similar BSA/AML transaction monitoring platform.
Serve as primary administrator of Verafin or similar BSA/AML transaction monitoring platform.
Manage rule configuration and parameter settings, recommending and implementing adjustments to improve effectiveness and reduce false positives.
Monitor, investigate and clear alerts generated by Verafin or similar BSA/AML software for potential suspicious activities.
Conduct detailed research and analysis of customer transactions, patterns, and behaviors to identify unusual or suspicious activity.
Collaborate with internal departments to gather necessary information and documentation to resolve alerts.
Document findings and escalated cases to the BSA Officer or Fraud Investigator when further investigation is required.
Maintain thorough records of all actions taken and ensure timely clearing of alerts.
Manage the Currency Transaction Report (CTR) Process
Oversee the end‑to‑end process of Currency Transaction Reporting, including the accurate completion and timely filing of CTRs.
Conduct annual reviews of CTR exemptions, ensuring all exempt customers meet regulatory criteria and maintain proper documentation.
Collaborate with branch personnel to ensure compliance with CTR filing requirements and provide guidance on CTR‑related issues.
Stay informed about regulatory changes affecting CTR processes and update procedures accordingly.
Compliance and Risk Management
Assist in the development, implementation, and maintenance of the institution’s BSA/AML program.
Participate in internal and external audits and examinations, providing documentation and explanations as required.
Keep abreast of emerging trends and typologies in financial crimes, helping to adapt the institution’s strategies to address new risks.
Support the BSA Officer in training and educating staff on BSA/AML and fraud detection procedures.
QUALIFICATIONS
Minimum of 3 years experience in BSA/AML compliance or fraud operations.
Moderate knowledge of Federal banking BSA related laws and regulations.
Audit or compliance knowledge is helpful.
Ability to review and analyze or interpret data and documentation and make decisions regarding subsequent actions.
High degree of initiative, results‑oriented and able to work independently with little supervision.
Collaborate with internal departments to gather necessary information and documentation to resolve alerts.
Strong organizational skills, ability to learn quickly, and complete tasks accurately and timely.
Strong verbal and written communication skills.
Bachelor’s Degree preferred.
Familiarity with Microsoft Office products.
Experience with AI is helpful but not required.
Equal Employment Opportunity (EEO) Statement Community Bank is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity or expression), national origin, age, disability, genetic information, veteran status, or any other protected status under applicable federal, state, or local law.
We are committed to providing a workplace free from discrimination and harassment and to ensuring equal employment opportunities for all qualified individuals.
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