BSA Monitoring Analyst II

The BSA Monitoring Analyst II is responsible for the monitoring and analysis of customer and transactional data, and for taking immediate action to mitigate potential risk and loss. The primary function of this role is prevention, detection, and recovery., * Conducts daily review of alerts generated through the Bank’s automated monitoring software.

• Reviews customer and account details to determine if money laundering, cyber-crime, identity theft, terrorist financing, human trafficking, fraud, or other types of unusual activity may be occurring.
• Determines whether alerted activity should be escalated to case for further investigation.
• Collaborates with other team members to effectively analyze accounts and make final decisions in account reviews.
• Writes detailed summaries of each alert reviewed.
• Identifies the information needed to clarify situations and make appropriate requests from third-party service providers.
• Takes appropriate action on all internal and external notifications and requests.
• Works with highly sensitive and confidential information.
• Performs ongoing analysis of transactions to identify trends and understand potential risks or concerns.
• Ensures new trends and potential threats are evaluated, documented, and escalated to management.
• Assists and provides support to others in the department during high volume monitoring periods or absences.
• Serves as an escalation point and subject matter expert for all functions of the Monitoring Analyst I role, which includes an in-depth understanding of all systems, programs, and product offerings involved.
• Trains, mentors, and assists new members of the Monitoring team, and fosters strong collaboration between team members and the supported business lines.
• Assists with special projects and initiatives as assigned
• Performs other duties as assigned.

• High School Diploma or equivalent, required.
• 1-2 years’ experience in BSA/AML, fraud, analysis, or account monitoring, required.

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Thorough and detail-oriented.