Purpose: The Senior BSA/AML Alert Analyst is primarily responsible for conducting complex transaction monitoring alerts, OFAC reviews, and CTR reviews and filing. The Senior BSA/AML Alert Analyst will assist the BSA/AML Manager – Alerts in overseeing the execution of daily functions related to alerts, OFAC scans and CTRs. The Senior BSA/AML Alert Analyst serves as backup to the BSA/AML Manager – Alerts supporting various managerial responsibilities.
Essential Functions:
- Serve as a backup to the BSA/AML Manager – Alerts, supporting leadership and workflow coordination.
- Supports the Quality Control program ensuring correct disposition by BSA/AML Alert Analysts, proper OFAC scanning and appropriate CTR completion.
- Serve as a mentor and reference point for BSA/AML Alert Analysts; participate in knowledge-sharing roundtables and team discussions.
- Demonstrates the ability to make informed, effective decisions in complex situations by using critical thinking and analytical skills to evaluate data, assess risks, and choose the best course of action.
- Assists in the performance of testing regarding various BSA/AML functions to ensure that processes adhere to established guidelines.
- Supports the preparation of documentation for audits and regulatory examinations.
- Responsible for assisting in the generating of management reporting for Committees and Board of Directors.
- Reviews procedures and recommends enhancements to BSA/AML Manager – Alerts.
- Consistently demonstrate the Five Star Bank HEART values in all interactions with internal and external stakeholders, embodying teamwork, leadership, and service excellence. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
Job Related Qualifications – Education and Prior Experience:
Required:
- Education: Bachelor’s Degree preferred
- Prior Experience: 4+ years BSA/AML or OFAC experience
- Licenses or Accreditation: CAMS, CAFP or other industry accreditation (preferred)
Competencies:
- Knowledge of and ability to learn BSA/AML & OFAC regulations and requirements
- Excellent verbal and written communication skills and ability to interact positively with a wide variety of individuals
- Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines
- Ability to identify trends, interpret data and apply to workflows and compliance techniques and automation
- Possess a high level of attention to detail
- Ability to maintain a high degree of confidentiality
- Proficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilities
Physical Requirements:
- Able to regularly sit for prolonged periods of time.
- Extensive computer usage is required.
This job description is not exhaustive. The Senior BSA/AML Alert Analyst may be required to perform other duties as assigned.
Skills Required
- Bachelor's degree
- 4+ years of BSA/AML or OFAC experience
- CAMS, CAFP, or other industry accreditation
- Knowledge of BSA/AML and OFAC regulations and requirements
- Excellent verbal and written communication skills
- Strong organizational skills and ability to manage multiple priorities and deadlines
- Ability to identify trends, interpret data, and apply findings to workflows and compliance techniques
- High attention to detail and ability to maintain confidentiality
- Proficiency with Microsoft applications and ability to learn banking software applications
What We Do
Five Star Bank is a California-based community business bank offering relationship-based banking and treasury solutions. It helps businesses start, grow, and succeed through personalized banking services, including lending for commercial and industrial real estate. Founded by local entrepreneurs, the bank emphasizes community stewardship, regional and industry expertise, responsive service, and economic development. It operates offices in California and serves clients nationwide.
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