| Bank Secrecy Analyst I |
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| Also referred to as: Anti-Money Laundering (AML) Analyst I, Bank Secrecy Act Analyst I, Banking Regulatory Compliance Analyst I, BSA Analyst I, Compliance & Bank Secrecy Analyst I |
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| Requirements and Responsibilities |
| Monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations. Uses customer data mining and software tools to identify suspicious activity patterns. Reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know Your Customer (KYC) protocols. May lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. Typically reports to a manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. |
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| Similar Jobs: Bank Secrecy Analyst II, Bank Secrecy Analyst III, Bank Secrecy Director, Bank Secrecy Officer, Bank Secrecy Support Specialist, Bank Secrecy Senior Support Specialist, Bank Secrecy Senior Officer, Strategic Planning Analyst I, Production Control Analyst I |
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| Level of Education: Bank Secrecy Analyst I Salaries with No Diploma, Bank Secrecy Analyst I Salaries with a High School Diploma or Technical Certificate, Bank Secrecy Analyst I Salaries with an Associate's Degree, Bank Secrecy Analyst I Salaries with a Bachelor's Degree, Bank Secrecy Analyst I Salaries with a Master's Degree or MBA, Bank Secrecy Analyst I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Edu., Gov't. & Nonprofit, Financial Services | |
