Roles and Responsibilities

1. Knowledge of Regulations - Understanding of BSA/AML laws and regulations, such as USA PATRIOT Act, Bank Secrecy Act, and Anti-Money Laundering  laws, is crucial.
2. Analytical Skills - Ability to analyze complex financial data and transactions to identify suspicious activities or patterns.
3. Writing Skills – Ability to write and properly communicate SAR narratives and investigation information.
4. Attention to Detail – Strong attention to detail is vital as BSA/AML analysts deal with large volumes of data and must detect irregularities or anomalies.
5. Communication Skills – Effective written and verbal communication skills are necessary to document findings, prepare reports, and collaborate with other departments or law enforcement agencies.
6. Investigative Skills – Strong investigative skills to conduct research, gather information, and understand financial behaviors that might indicate money laundering or other illicit activities.

Qualifications and Education Requirements

A bachelor's degree in finance, accounting, business administration, economics, or a related field is required. 

Preferred Skills

Certifications: Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS / FIBA), Certified Fraud Examiner (CFE), or other relevant certifications can be beneficial and may sometimes be preferred by employers.

Technology Proficiency: Familiarity with anti-money laundering software, data analysis tools, and banking systems is advantageous

Risk Assessment: Understanding of risk assessment methodologies to evaluate and mitigate potential risks associated with money laundering and financial crimes.

Industry Experience: Prior experience in a financial institution or a background in compliance, risk management, audit, or law enforcement can be valuable.

Adaptability and Learning Agility: Given the constantly evolving nature of financial crimes and regulations, being adaptable and open to learning new techniques and technologies is crucial.

Ethical Judgement: Ability to make sound and ethical judgments and decisions, as BSA/AML analysts handle sensitive financial information and contribute significantly to an institution’s integrity and compliance efforts.

For More Information: hr@evermorebankfl.com