Byline Bank · 1 day ago
BSA Analyst (Hybrid, Chicago, IL)
Chicago, IL
Full-time
Hybrid
Mid Level
$61K/yr - $76K/yr
3+ years expByline Bank is a full-service commercial bank headquartered in Chicago, focusing on small- and medium-sized businesses and consumers. The BSA Analyst is responsible for ensuring compliance with the Bank Secrecy Act and Anti-Money Laundering regulations by conducting due diligence, investigating financial activities, and supporting compliance programs.
Asset ManagementBankingCommunitiesCredit CardsFinanceFinancial ServicesFinTechLendingWealth Management
No H1B
Responsibilities
Primary responsibility will be reviewing high-risk customer types and high-risk accounts identified via customer risk rating system, transaction monitoring, and other sources to determine whether the assigned customer risk profile remains accurate
Support onboarding reviews of high-risk clients, including Third-Party Payment Processors, cryptocurrency-related businesses, Fintechs, and Sponsorship Banking Partners. This will include but is not limited to reviewing and evaluating CDD documentation, AML Programs and AML Independent Reviews
Reviews case management software to investigate and disposition alerts and cases as required, including unusual activity escalated through internal channels
Analyzes complex financial information, including customer account activity, business type, structure, etc. to arrive at concise written analyses for potential financial
Complete Suspicious Activity Reports (SARs), Suspicious Activity Investigation Reports (SAIRs) and perform SAR follow-up reviews
Responsible for supporting the Bank’s OFAC/Sanctions program, including analysis of potential OFAC/sanctions name matches with supporting analysis
Understands and complies with applicable laws and regulations and the bank's BSA/AML and OFAC Compliance Program, as applicable to job duties
Maintain a solid working knowledge (functional and operational) of the rules and regulations, including but not limited to, BSA, USA PATRIOT Act, and OFAC as well as the Bank’s policies and procedures by participating in ongoing training. Including, assisting with administering BSA related training for other business units
Perform research and investigation related to Grand Jury Subpoenas
Assist with 314b requests and bi-weekly review of 314a reports
Assist with document preparation for exams and audits
Provides recommendations to management regarding termination of account relationships, when applicable
Communicates effectively and efficiently with business lines to obtain needed documentation for investigations
All other duties as assigned, including special projects
Qualification
Required
Bachelor's Degree or equivalent work experience
3+ years banking experience with knowledge of Bank Secrecy Act regulatory requirements and/or other program related compliance functions; General compliance or operational work related to BSA elements to be considered
Certified Anti-Money Laundering Specialist (CAMS) designation is highly desired, and if not already attained, will be a requirement within a reasonable period of time from starting date depending on examination availability/scheduling
BSA Program related compliance principles, theories, and practices
Ability to work collaboratively with a variety of stakeholders at all levels
Be self-motivated and an effective time and project manager with a strong attention to detail
Have strong change management, organizational and planning capabilities
Proficiency with Microsoft Office
Ability to research issues and suggest uses of the information to resolve problems
Ability to work with confidential information
Ability to communicate with colleagues and the BSA Officer regarding issues and findings
Possess strong communication skills both verbally and in writing
Benefits
Medical coverage
Dental
Vision
Disability
401k
Paid time off
Company
Byline Bank
Byline Bank provides personal banking and business banking services.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
$180.96M2025-08-07Post Ipo Debt· $75M
2025-06-10Post Ipo Secondary· $105.96M
2017-06-29IPO
Leadership Team
Alberto J. Paracchini
President & CEO
Megan Biggam
Executive Vice President
Recent News
Twin Cities Business
2026-01-06
MarketScreener
2025-12-10
2025-10-09
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