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Superior National Bank · 2 days ago

BSA/AML Analyst

Hancock, MI

Full-time

Onsite

Mid Level

3+ years exp

Superior National Bank is dedicated to compliance with the Bank Secrecy Act and Anti-Money Laundering regulations. The BSA/AML Analyst is responsible for monitoring suspicious activities, conducting investigations, and ensuring compliance with regulatory requirements to mitigate risk exposure for the bank.

Communities

Responsibilities

Manage lists of accounts identified through risk assessment as high-risk and conduct regular reviews to monitor account activity for suspicious transactions. This includes high-risk customers such as money service businesses (MSBs), ATM owners, and other potential high-risk industries

Utilize the Bank’s BSA monitoring systems, alerts, reports, and data to detect the presence of BSA/AML and fraud-related activities. Perform diverse and complex analysis, research, and investigation of customer data, account information, and behaviors to identify suspicious or illegal activity

Review and analyze daily transactional data with a focus on cash (excessive and 3K-10K log) and wires for potential money laundering or other illicit schemes and escalate, as necessary

Review daily Currency Transaction Reports (CTRs) and monetary instrument logs completed by branch and back-office personnel. Perform follow-up on missing information

Review core system, BSA/AML software, and cash transactions report to ensure they coincide with CTRs completed

Ensure required information for currency transactions exceeding $10,000 is submitted to FinCEN in a timely manner

Conduct CTR exemption initial and annual reviews. Develop, maintain, and review the centralized CTR Exemption list, as needed

Conduct and/or assist with case investigations for potential SAR filing and maintain appropriate support documentation

Assist with research surrounding requests for information

Assist the BSA/AML Officer with BSA/AML/OFAC Risk Assessments

Assist the BSA/AML Officer to conduct and track required training for all Bank employees

Perform other duties as assigned

Qualification

BSA/AML complianceAnalytical skillsRisk assessmentMicrosoft ExcelMicrosoft WordMulti-taskingConfidentialityCommunication skills

Required

Must possess analytical skills and be able to multi-task

Must be able to work interactively with all levels of management, auditors, examiners, law enforcement, while maintaining strict confidentiality

Must be proficient in Microsoft Excel and Word

Minimum 3 years' experience in the banking industry, preferably teller and/or deposit operations-related experience

Preferred

Associate's degree in accounting, business administration or business-related field preferred or equivalent combination of education and/or experience