Analyst, BSA

$60,000 - $70,000/Yr

Webster Bank - Southington, CT

Full-time - Mid Level

Southington, CT

Credit Intermediation and Related Activities

About the position

The Analyst BSA at Webster Bank is responsible for conducting complex financial forensic reviews and analyses of client transactions to detect suspicious activities, including money laundering and other financial crimes. This role requires a strong understanding of the Bank Secrecy Act and Anti-Money Laundering regulations, as well as the ability to prepare detailed investigation reports and recommend actions based on findings.

Responsibilities

• Perform complex and detailed financial forensic reviews and analyses of client transactions.
• Detect suspicious activity, money laundering patterns, and other types of financial crimes.
• Prepare detailed investigation reports outlining investigative steps, research, recommendations, and decisions made.
• Monitor client transactions across multiple delivery channels to identify trends and patterns of suspicious activity.
• Recommend closure of accounts deemed risky or suspicious.
• Collect, evaluate, and recommend whether supporting documentation is sufficient to validate the resolution of alerts and open cases.
• File Suspicious Activity Reports (SARs) when necessary.
• Demonstrate knowledge of BSA/AML compliance during duties, including BSA, U.S.A. Patriot Act, CIP, and OFAC regulations.
• Escalate potential high-risk clients and suspicious activity to management.

Requirements

• Bachelor's degree preferred in Business, Accounting, Finance, Economics, Criminal Justice or related field.
• 3+ years of experience in corporate compliance, banking, investigations or related BSA/AML field.
• Knowledge of and experience with BSA (Bank Secrecy Act) and AML (Anti Money Laundering) regulations.
• Strong analytical, computer, presentation, and written and verbal communication skills.
• ACAMS certification preferred.

Benefits

• Incentive compensation based on performance.
• Robust development opportunities for career growth.