BSA Analyst

i3 Bank is seeking a Bank Secrecy Act (BSA) Analyst responsible for supporting the organization’s BSA/AML compliance program to ensure adherence to all applicable federal and state regulations. This role focuses on monitoring customer activity, identifying and investigating suspicious transactions, and assisting with regulatory reporting and risk mitigation efforts. The BSA Analyst plays a critical role in protecting the institution from financial crime by maintaining compliance with the Bank Secrecy Act, USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) requirements.  We’re proud of our positive, collaborative work culture and are looking for someone who will actively contribute to strengthening and safeguarding the values that make our team thrive.

Essential Job Functions:

• Monitor transaction activities and customers to uncover unusual activities indicative of money laundering, terrorist financing, fraud and other financial crimes.
• Investigate cases and suspicious activity referrals in a timely manner for decision making.
• Perform complex analysis of transaction patterns and customers for completing and filing accurate and timely Currency Transaction Reports (“CTRs”) and Suspicious Activity Reports (“SARs”).
• Review decisioning accuracy on transactions, customers, and other activities relating to underlying Office of Foreign Assets Control (“OFAC”) sanctions regulations, Section 314(a) and Section 311 of the USAPATRIOT Act;
• Conduct due diligence and as required, enhanced due diligence on customer base and fintech partners to assess and document customer risk profiles.
• Provide support and guidance to bank employees and management relating to BSA, OFAC, and other applicable anti-money laundering and fraud-related policies and procedures.
• Assist the BSA Officer in preparing documentation for regulatory examinations and audits.
• Maintain the integrity of the bank’s BSA program by applying sound judgment, safeguarding confidential information, and ensuring high-quality standards in all investigative activities.
• Lead by example to create an inclusive and professional environment where all team members are respected and valued.

Job Requirements:

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position.

• Bachelor’s degree in business, finance, criminal justice, or a related field.
• Minimum 5 years’ experience in BSA/AML analysis, compliance, fraud detection, and investigations within a financial institution.

• Certified Anti-Money Laundering Specialist (CAMS) strongly preferred.

• Sound practical knowledge of BSA/AML regulations and requirements including currency transaction reporting (“CTRs”), suspicious activity monitoring and reporting (“SARs”), customer due diligence (“CDD”) and know your customer (“KYC”) standards.
• Strong insightful, analytical, investigative and critical thinking skills necessary.
• Excellent prioritizing, time management and multi-tasking skills.
• Exceptional quality, confidentiality and integrity of work produced within tight deadlines.
• Ability to function both independently and within collaborative team environments.
• Solid computer skills including the use of multiple third party systems for review, analysis and decisioning of customers, accounts and transactions.
• Excellent written and verbal communications skills.
• Consistently demonstrate behaviors associated with i3 Bank’s core values: IMPACT, INTEGRITY and INNOVATION.

Physical Requirements:

Following are the physical demands, or representative of those, that must be met to perform the essential functions of the job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• This position requires visual acuity at 20 inches (or less) over 66% of the time.
• Extensive use of PC during the day - utilizing continuous viewing.
• High amount of workflow to work efficiently, accurately and to maintain good customer relations.
• Ability to talk to communicate on phone and in person; read and interpret documents such as regulatory, policy manuals and procedures.
• Must-have reasoning ability to convey detailed instructions in writing and verbally; problem solving to handle multiple situations and issues in a calm manner.
• Ability to hear normal conversations and receive information and converse with others.
• Will utilize a computer to perform daily duties and to prepare documents, using dexterity and hands for typing, physically moving and handling documents, etc.
• Ability to follow detailed and general instructions and possess advanced reading comprehension skills.
• This position may require up to 10% travel, which may include flying and/or driving and some overnight stays.

Work Environment:

This position operates in a professional office setting.