Compliance & Bank Secrecy Act Analyst I Salary in the United States

The Compliance & Bank Secrecy Act Analyst I uses customer data mining and software tools to identify suspicious activity patterns. Monitors customer accounts and researches transactions to identify suspicious activity violating current anti-money laundering (AML) regulations defined in the US Bank Secrecy Act (BSA) or other governmental anti-terrorist financing programs. Being a Compliance & Bank Secrecy Act Analyst I ensures adherence to Know your Customer (KYC) protocols. Reviews daily Currency Transaction Reports (CTR) and Questionable Activity Reports (QAR), and submits Suspicious Activity Reports (SAR) as appropriate. In addition, Compliance & Bank Secrecy Act 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. Typically requires a bachelor's degree. May have the Certified Anti Money Laundering Specialist (CAMS) certification. Typically reports to a manager. Being a Compliance & Bank Secrecy Act Analyst I work is closely managed. Works on projects/matters of limited complexity in a support role. Working as a Compliance & Bank Secrecy Act Analyst I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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