What are the responsibilities and job description for the BSA Analyst position at Korn Ferry?
Job Description
Title: BSA Analyst
Location: Remote, EST
Client Industry: Banking
This is 100% remote position but must be located in Eastern Standard Timezone locations.
On-going consultant opportunity, if you worked with the Verafin System, this will help your candidacy.
Hourly compensation is $35 per hour.
Must be able to start asap and working banking hours of operation.
We have partnered with our client in their search for a BSA Analyst. This individual will assist in BSA/AML/OFAC through analysis of transactions and recommendations for remediation (i.e. if a SAR is necessary)
Responsibilities
- Review and evaluate the Transaction Monitoring system's alerts (including related modules) for Low, Medium and High-Risk accounts as assigned and directed.
- Review and evaluate customer transactions upon referral from other Bank departments (UARs), or as otherwise directed.
- Follow up with branches for additional information needed to explain activity that has been identified as potentially unusual or suspicious.
- Identify and refer potentially suspicious activity for further investigation by grouping the suspect transactions and gathering supporting documentation.
- Complete investigations of potentially unusual or suspicious transactions by preparing and/or finalizing an investigation narrative and gathering supporting documentation in accordance with departmental guidelines.
- Prepare SARs in accordance with departmental procedures and templates.
- Justify alerts and UARs that are not deemed suspicious with detailed narrative in accordance with departmental guidelines.
Skills Required
- General understanding of BSA/AML and OFAC laws, regulations, and guidance.
- The ability to understand, interpret, convey, and implement the requirements of pertinent laws and regulations is essential.
- Strong transactions research, analytical, multitasking, and problem-solving skills required.
- Excellent communication (verbal and written), organizational, and follow-up skills are necessary.
- Strong knowledge of Microsoft Office (Outlook, Word, Excel, PowerPoint).
Education & Work Experience
- Bachelor's degree or equivalent job experience required.
- Minimum five years' financial services experience
- 3-5 years of direct BSA/AML/OFAC compliance experience, specifically in reviewing AML alerts, drafting case investigations and preparing SARs.
- CAMS certification a plus.
About Korn Ferry
Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at ;/span>
Salary : $35 - $0
