Bank Secrecy Analyst II

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Bank Secrecy Analyst II 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 II 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 II 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 II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Bank Secrecy Analyst II typically requires 2-4 years of related experience.