Wealth Management BSA Analyst II

Our client is in the Banking Industry and they are currently searching for a BSA Analyst for their Wealth Management Department.

Qualifications / Requirements

  • Bachelor’s Degree in Business or equivalent required.
  • Certified anti-money laundering specialist (CAMS) desirable.
  • FINRA’s Series 7 and STEP Foundation Certificate in International Trust Management may be required.
  • 3 years of previous BSA/AML experience or 3 years of experience auditing related BSA and AML functions in a financial institution.
  • Strong knowledge in BSA and AML monitoring and reporting.
  • Excellent written and verbal skills in English and Spanish.
  • Proficient in Migrogen 4Series, NetX360, Hummingbird, Nautilus, Paystar, AS-400, Fiserv & Datapro, SQN, Assist CK, Actimize, Sungard and the Internet.

Responsibilities

  • Analyze customer transactions in brokerage and advisory accounts, as well as in trust and other fiduciary structures, in order to mitigate anti-money laundering risk.
  • Monitor, detect and report unusual or suspicious activity to the Wealth Management BSA/AML Compliance Officer.
  • Maintain records with appropriate audit trails to be used as support during audits.
  • Perform BSA and AML investigations to determine if account activity is suspicious and report the results to the Compliance Officer.
  • Draft Suspicious Activity Reports (SARs) to be reviewed with the Compliance Officer.
  • Monitor and review PEP, OFAC and FinCEN reports.
  • Maintain the anti-money laundering software and assure data integrity.
  • Perform special compliance reviews related to anti-money laundering, such as high risk customer’s file reviews.
  • Coordinate with the Wealth Management BSA/AML Compliance Officer, Account Officers, Registered Representatives, Trust Officers and Financial Consultants to implement actions to correct deficiencies.