ABOUT THE ROLE:
The BSA Analyst I is a foundational, entry-level role responsible for accurate and timely processing of transaction monitoring alerts, regulatory reporting support, and documentation within the Bank Secrecy Act (BSA)/AML compliance program. This role focuses on rule-based alert review, data validation, and procedural processing activities with low-risk ownership limited to transactional review. The position supports regulatory compliance efforts by ensuring alerts, customer due diligence (CDD) documentation, and reporting requirements are handled in accordance with established policies and procedures.
WHAT YOU WILL DO:
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Reviews and dispositions routine transaction monitoring alerts within the BSA/AML system in accordance with established procedures.
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Reviews and clears OFAC alerts in strict accordance with documented procedures.
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Escalates potentially suspicious activity to Tier 2 or management for further review.
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Maintains accurate, detailed case notes that are audit-ready and fully supported by documentation.
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Prepares and electronically file Currency Transaction Reports (CTRs) in accordance with regulatory requirements and internal procedures (no discretion permitted).
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Ensures accuracy, completeness, and timeliness of all required data fields.
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Supports regulatory reporting quality control efforts as assigned.
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Performs initial CDD reviews using member-provided information and core system data.
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Verifies beneficial ownership documentation for completeness and accuracy.
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Ensures required documentation is properly obtained, reviewed, and recorded.
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Identifies gaps or inconsistencies and escalate as appropriate.
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Maintains organized, complete, and audit-ready files and system documentation.
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Supports internal audits, regulatory examinations, and compliance reviews through data gathering and documentation requests.
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Assists with quality assurance remediation tasks as directed.
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Performs all other duties as assigned by the VP, BSA/AML Compliance.
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QUALIFICATIONS:
Education
High School/GED required; completion of college courses and/or associate's degree preferred.
Experience/Skills/Knowledge:
High School/GED required, completion of college courses and/or associate's degree preferred.
Experience/Skills/Knowledge:
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0-2 years of experience in banking, financial services, or compliance required.
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Strong attention to detail and data accuracy required.
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Demonstrated knowledge of laws and regulations impacting the BSA/AML function preferred.
- Must be able to follow established procedures and rule-based processes.
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Excellent organizational, analytical and problem-solving skills required
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Must have the ability to handle multiple projects/priorities simultaneously with an effective outcome.
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Must have the ability to deal with highly confidential information.
- Must possess strong service orientation skills in alignment with the credit union's mission and core values.
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Excellent verbal, written, telephone and interpersonal communication skills required.
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Must be PC proficient, including Microsoft Office (Word, Excel, PowerPoint, Outlook) and the Internet.
- Must have the ability to function in a commercial office environment and utilize standard office equipment including but not limited to: fax, copier, telephone, etc. Ability to lift a minimum of 25lbs. e.g. file boxes
ABOUT:
People helping people is what makes Navigant Credit Union truly special. Our mission is to improve the financial well-being of the families, businesses, and communities we serve, and have been since our founding in 1915.
At $4 billion in assets, Navigant Credit Union is the largest credit union in Rhode Island and third largest in New England. Our success is founded upon our community-based values and our belief in putting people first. These are just a few of the reasons why Navigant Credit Union has been named "Rhode Island's Best Place to Work" year-after-year by the Providence Business News.
Our Core Values of "Leadership, Unity, Caring, and Integrity" are the guiding principles for our organization. They are the qualities and/or traits that we consider a high priority for Navigant Credit Union employees.
Navigant Credit Union prides itself on investing in our workforce, while exceeding member expectations. We offer tremendous opportunities for professional development, career advancement, and a best-in-class benefits package including robust medical and dental plans, vision benefits, 401(k) with a generous employer match, tuition reimbursement, competitive salaries, paid volunteer days, and more.
If you believe you'd be a great fit, and are interested in joining our team, check out our open positions and apply today!
