Central Bank · 6 days ago
Risk Analyst I
Sioux City,IA,US
Full-time
Onsite
Entry Level
1+ years expCentral Bank is seeking a Risk Analyst I to assist in the implementation and administration of the Bank Secrecy Act compliance program. The role involves performing quality control reviews, monitoring compliance activities, and supporting various compliance-related tasks under the guidance of senior officers.
BankingFinancial Services
Responsibilities
Perform daily review, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and monitor large currency activity; determines if transactions are suspicious in nature, such as kiting, significant changes in balances, cash structuring in deposits, loans payments, and certificate of deposit purchases, wire or ACH transfers, monetary instrument sales, new account openings, etc
Assist in the monitoring of account activity for suspicious patterns and activity, conduct suspicious activity report investigations, high risk customer/account reviews, and recommends when to file Suspicious Activity Reports (SARs). May assist in the filing of the SARs when necessary
Assist in the preparation and submission of all Currency Transaction Reports (CTRs) within required timeframes
Perform customer and transaction analytics to identify trends and possible suspicious activity
Assist with New Account Risk Profiles
Assist in the preparation of the BSA Risk Assessment and the updates quarterly
Assist with Third Party Risk including requesting, reviewing, tracking, and updating third party risk software and conducting review with vendor officers
Assist with Community Reinvestment Act (CRA) reviewing and tracking of volunteer hours
Maintain current knowledge of the Bank Secrecy Act, Community Reinvestment Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program regulations
Assist in the administration of the automated BSA/AML/Fraud system, research and resolved alerts and conducts investigations within the system
Assist with review involving Data Governance and Physical Security, when appropriate
Assist with processing garnishment and subpoena requests
Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures
Assist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate
Perform other related duties and responsibilities as assigned by management
Qualification
Required
Bachelor's degree required or equivalent work experience
Minimum of one (1) years of experience in similar job duties
Company
Central Bank
Central Bank has a solid history of providing customers with financial solutions and a strong commitment to serving their communities.
201-500 employees
Funding
Current Stage
Growth StageRecent News
2025-10-09
2025-09-26
Lane Report | Kentucky Business & Economic News
2025-08-21
Company data provided by crunchbase