Bank Secrecy Analyst I
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Bank Secrecy Analyst I monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations. Uses customer data mining and software tools to identify suspicious activity patterns. Being a Bank Secrecy Analyst I reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. Ensures adherence to Know Your Customer (KYC) protocols. Additionally, Bank Secrecy Analyst I may lead or participate in investigations of suspicious activity to pursue corrective actions and ensure completion of required filings. Keeps abreast with regulatory changes, risk management best practices, and trending methods used by fraud perpetrators. Delivers compliance training with up-to-date regulatory information and procedures to develop and guide a well-informed staff. Understands banking regulations such as the US Bank Secrecy Act (BSA) or other governmental anti-money laundering laws. Typically requires a bachelor's degree. Typically reports to a manager. The Bank Secrecy Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Bank Secrecy Analyst I typically requires 0-2 years of related experience.
Find out Job Distribution by:- Bank Secrecy Analyst I Salaries with No Diploma
- Bank Secrecy Analyst I Salaries with a High School Diploma or Technical Certificate
- Bank Secrecy Analyst I Salaries with an Associate's Degree
- Bank Secrecy Analyst I Salaries with a Bachelor's Degree
- Bank Secrecy Analyst I Salaries with a Master's Degree or MBA
- Bank Secrecy Analyst I Salaries with a JD, MD, PhD or Equivalent
