Job Description
Job Description
International Finance Bank is hiring a BSA Analyst to join our growing team!
In BSA, our mission is the financial safekeeping of our institution and customers. We have a clear vision to provide safety and soundness through regular monitoring, communicating with and supporting our staff, and, most importantly, protecting our financial institution.
This position is responsible for reviewing high-risk clients, transactions, and related activities. The High Risk Analyst will assist in the monitoring of account activity for suspicious patterns, conduct high-risk customer relationship reviews, and recommend when to file Suspicious Activity Reports (SARs) as well as assist in the filing of the SARs when necessary.
Key Responsibilities
- Contributes to the development and refinement of the bank’s high-risk assessment framework, ensuring that it aligns with evolving regulations and industry best practices.
- Participates in developing and implementing risk mitigation strategies that focus on minimizing exposure to high-risk activities, such as enhanced due diligence (EDD) and regular account reviews.
- Reviews and analyzes large or unusual transactions to identify potential money laundering, fraud, or other suspicious activities.
- Prepares detailed reports and presentations summarizing high-risk activities, patterns, and emerging risks for internal teams and regulatory bodies.
- Works closely with compliance, legal, and fraud teams to manage high-risk cases, ensuring proper documentation and adherence to legal and regulatory requirements.
- Uses internal and external systems to screen clients, transactions, and third parties against lists of sanctioned individuals, politically exposed persons (PEPs), and other high-risk entities.
- Reviews and evaluates the risk level of clients based on factors such as industry, geographic location, transaction patterns, and account behavior.
- Other duties: Perform other duties as assigned by leaders
Qualifications for the High-Risk Analyst:
- A high school diploma or general education degree (GED) required.
- An associate or bachelor’s degree from four-year college or university preferred.
- Three (3) to five (5) years of related Banking experience.
- Strong analytical skills, attention to detail, and a deep understanding of relevant regulations and industry best practices.
- Anti-Money Laundering Certifications such as CAMS or AML/CA is desired.
Education:
- Bachelor's (Required)
Experience:
- Compliance: 5 years (Required)
Equal Employment Opportunity and Affirmative Action
IFB is an equal opportunity employer. It is the policy of IFB to provide Equal Employment opportunities to all qualified applicants and employees without regard to race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, marital status, protected veteran status, or any other status protected under applicable federal state or local laws.
IFB complies fully with all applicable federal equal employment opportunity and affirmative action laws and regulations including those enforced by the equal employment opportunity commission (EEOC) and other federal and state agencies. The Bank takes affirmative action to ensure equal opportunity in all employment practices for minorities, women, protected veterans, and individuals with disabilities.
Work Authorization and Sponsorship
Applicants must be currently authorized to work in the United States on a full time basis. IFB does not provide visa sponsorship or take over sponsorship for employment based visas at this time, including but not limited to H-1B, H-2B, E-3, TN and, F-1 (OPT/STEM), or J-1 visas. Candidates requiring such sponsorship now or in the future will not be considered for employment.
Drug-Free Workplace Statement
To promote the safety and well-being of our employees and customers, IFB maintains a drug-free workplace. All candidates selected for hire are required to successfully complete a pre-employment background check and drug screening in accordance with company policy and applicable law.