BSA Analyst I

Weststar Bank • El Paso, TX

391d

About The Position

The BSA Analyst I position at WestStar Bank is an entry-level role focused on reviewing alerts in the Anti-Money Laundering (AML) and Fraud Monitoring System. The analyst is responsible for investigating suspicious activities related to money laundering, terrorist financing, and other financial crimes, ensuring compliance with the Bank Secrecy Act (BSA) and regulatory requirements. This role involves documenting cases, compiling evidence, and communicating with account officers to verify customer information.

Requirements

• Minimum one year bank operations experience.
• Knowledgeable of BSA (Bank Secrecy Act).
• Knowledgeable of bank teller operations preferred.
• Strong analytical skills.
• Strong math skills and familiarity with basic accounting.
• Strong communication and writing skills.
• Proficient with Microsoft Office, to include Word and Excel.

Responsibilities

• Review BSA/AML and Fraud alerts assigned and investigate cases originating from staff referrals and/or bank's transaction monitoring system.
• Investigate suspected cases of activity related to money laundering, terrorist financing, human trafficking, drug trafficking, tax evasion, or other potential suspicious activity.
• Create and document cases in the case management system navigating the bank's systems to obtain transaction histories, wire transfer details, and other relevant evidence.
• Compile evidence and documentation in compliance with the bank's BSA/AML policy, procedures and regulatory requirements.
• Conduct ongoing monitoring of identified High Risk profiles.
• Communicate with account officers and management to verify accuracy of customer information & determine if activity in question is expected or unusual for the type of account.
• Escalate cases to Fraud/AML Manager for additional review and BSA/OFAC Officer as necessary.
• Perform periodic file reviews ensuring activities are reviewed across the spectrum of products and services used by the customer.
• Assist in Incident Response Line.
• Provide support to departmental projects as needed.
• Other department duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: No Education Listed