Overview
The BSA/KYC Support Analyst is responsible for assisting the BSA Department with all BSA requirements necessary to achieve and maintain a satisfactory level of BSA compliance, safety, and soundness. This position provides direct support to the KYC and BSA areas.
Responsibilities
- Examine Know Your Customer (KYC) forms for completeness and accuracy, ensuring profiles meet BSA policy standards.
- Evaluate expected customer activity to confirm alignment with their business profile.
- Conduct research on customers for adverse media using internet sources and compliance tools.
- Identify and address KYC deficiencies, update profiles as needed and analyze unusual account activity flagged by AML systems or manual reviews.
- Perform detailed research using internal systems and public sources to validate cases, including verification via World Check.
- Compose Suspicious Activity Report (SAR), via the AML Monitoring software system, for management approval and prepare SAR files for distribution to FINCEN.
- Monitor accounts, which related SAR’s have been filed but the account was not closed, within 90 days of SAR filing.
- Recommend actions to BSA management based on findings and prepare Suspicious Activity Reports (SARs) for FINCEN submission.
- Track accounts linked to SARs to ensure compliance within required timelines.
Qualifications
Education/Experience:
Requirements
Bachelor’s degree or equivalent in a related field of study such as Business or Criminal Justice and two 2+ years of banking experience with a strong understanding of BSA regulations; or
An Associate’s degree or equivalent in a related field of study and 2+ years of BSA related experience.
Combination of education and experience will be considered.
Skills & Competencies
Must be able to understand and implement job related policies and procedures.
Must have good project and time management skills.
High quality service advocacy.
Must possess good analytical, organizational, interpersonal, verbal and written communication.
Computer knowledgeable in MS Software, (e.g. Excel, Word, and Outlook) and internet savvy.
Preferences
- SAR and BSA course training.
- Knowledge of banking laws and regulations and the Bank Secrecy Act and Patriot Act.
Licenses/Certifications (preferred)
Job Posting Locations
In this role you can work remote from Miami, Florida, United States
