BSA Analyst
Illumia · United States
- Hybrid
- Full-time
- $85,000 / year
- United States
Job highlights
- Support BSA/AML compliance program administration.
- Monitor and investigate suspicious transactions.
- Conduct customer due diligence assessments.
- Prepare and file regulatory reports.
- Collaborate with cross-functional teams.
About the role
About Transact Campus
Transact and CBORD have joined forces as industry leaders to bring the best integrated technology solutions to education, healthcare, and business campuses worldwide. Be a part of this exciting new partnership, committed to transforming organizations and improving the lives of people doing mission-critical work.
Why join our team?
We strive to provide the very best customer experience in the industry and have succeeded with a single, strong motivating principle: We serve our user community.
Our success and growth are directly attributed to our people. Our newly combined companies are dedicated to fostering a culture of integrity, respect, and continuous personal development. We maintain an entrepreneurial spirit, where creativity, innovative problem-solving, and learning agility drive our day-to-day actions.
What You Will Be Doing
The BSA Analyst at Transact Campus plays a critical role in supporting the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program within the banking operations function. Reporting directly to the Director of Banking Operations, the analyst will assist in monitoring, analyzing, and investigating transactional activity to identify suspicious behavior, ensure regulatory compliance, and mitigate financial risk related to money laundering and other illicit activities.
Job Summary / Purpose
- Support the implementation and administration of Transact Campus’s BSA/AML compliance program.
- Coordinate and execute program revisions and enhancements with the Transact Campus Legal & Compliance Department.
- Monitor daily and weekly transaction alerts using BSA/AML software tools; conduct timely reviews and investigations of suspicious activity.
- Conduct customer due diligence and enhanced due diligence risk assessments as applicable for new clients, industries, products and services. Advise the Director on new client acceptance or denial.
- Prepare and file required regulatory reports such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) according to applicable law.
- Assist the Director and compliance team in investigation efforts, regulatory exam preparations, and audit responses.
- Collaborate cross-functionally with banking operations and legal and compliance teams to maintain sound risk control and compliance processes.
- Identify areas for process improvement and contribute to risk assessments and compliance training efforts.
- Maintain current knowledge of regulatory changes impacting BSA/AML requirements for non-bank financial institutions and Third-Party Payment Processors.
Who You Will Work With
You will be an integral part of the Banking Operations team, reporting directly to the Director of Banking Operations. In this role, you will work closely with the Banking Operations legal and compliance teams to ensure adherence to Bank Secrecy Act (BSA) requirements and related compliance standards.
You will collaborate across multiple departments including Operations, Accounting, Client Success, Product, and Professional Services to identify, track, and resolve BSA related issues. Your responsibilities will include monitoring compliance activities, support investigations, and contributing to process improvements that strengthen our risk management framework.
Key Responsibilities And Duties
- Monitor and track BSA/AML compliance issues.
- Investigate suspicious transactions and escalate as needed.
- Maintain accurate records and prepare compliance reports.
- Collaborate with Operations, Compliance, Accounting, and other teams.
- Support audits and regulatory examinations.
- Assist with process improvements and risk mitigation.
- Ensure adherence to all regulatory requirements and internal policies.
Additional Duties
- Stay updated on industry trends and best practices.
- Ensure compliance with regulatory and organizational standards.
- Provide training or support for new systems or processes.
Required Qualifications
What you bring to the table:
- Bachelor’s degree or equivalent experience preferred.
- Minimum 3 - 5 years of experience in BSA/AML, banking operations, or related compliance roles, preferably in third-party payment processing services or non-bank financial institution.
- Strong understanding of BSA, AML, OFAC, US Patriot Act, Third-Party Payment Processor Regulations, Fraud, Know Your Customer (KYC) processes, Third Party Risk Analysis.
- Proficiency with transaction monitoring software and case management tools is a plus.
- Strong analytical, investigative, and problem-solving skills.
- Clear and concise written and verbal communication skills.
- Detail-oriented with the ability to manage multiple priorities and deadlines in a dynamic environment.
Preferred Qualifications
- Experience working in a third-party payment processor, non-bank financial institution or full-service bank.
- CAMS Certification or other equivalent professional certification in BSA, AML or Fraud
- Ability to work independently and as part of a team with a high level of integrity and professionalism.
What Is Good To Know
Remote
10-15% travel based on business needs.
Competencies and Behaviors
- Regulatory Knowledge – Strong understanding of BSA, AML, OFAC, and KYC requirements.
- Analytical Skills – Ability to analyze data and detect suspicious patterns.
- Attention to Detail – Accuracy in reviewing transactions and documentation.
- Communication – Clear written and verbal skills for reporting and collaboration.
- Technical Proficiency – Familiarity with compliance tools, data analysis, and case management systems.
- Problem-Solving – Sound judgment in assessing risk and resolving issues.
- Collaboration – Effective teamwork across operations, compliance, and other departments.
- Integrity & Confidentiality – Commitment to ethical standards and data security.
What You Get When You Join Our Team
- Flexible time off to include paid holidays and volunteer time
- Robust health, dental, and vision insurance plans on your first day of employment
- Comprehensive employee assistance program (EAP)
- Employer-paid life insurance/AD&D/short-term and long-term disability insurance
- Flexible spending account (FSA) or health savings account (HSA)
- Matched 401(k)
- Employee stock purchase plan
Base salary offers for this position may vary based on factors such as location, skills, and relevant experience. Some positions may include additional compensation in the form of bonus, equity, or commissions.
Transact + CBORD is an equal employment opportunity employer and considers qualified applicants for employment without regard to race, gender, age, religion, national origin, marital status, disability, sexual orientation, protected military/veteran status, or any other protected factor.
As of Aug. 20, 2024, Transact and CBORD have merged to drive innovation and operational excellence across education, healthcare, and corporate markets. You can read more about the merger here: Transact News or CBORD Newsroom.
Key skills/competency
- BSA Analyst
- Bank Secrecy Act (BSA)
- Anti-Money Laundering (AML)
- Regulatory Compliance
- Transaction Monitoring
- Suspicious Activity Reports (SARs)
- Know Your Customer (KYC)
- Risk Management
- Financial Regulations
- Compliance Investigations
Skills & topics
- BSA Analyst
- AML
- Bank Secrecy Act
- Compliance
- Financial Regulations
- KYC
- SARs
- Transaction Monitoring
- Banking Operations
- Risk Management
- OFAC
- US Patriot Act
- Third-Party Payment Processor Regulations
- Fraud
- Know Your Customer
- Third Party Risk Analysis
- CAMS Certification
- remote
- analytics
- investigations
How to get hired
- Tailor your resume: Highlight BSA/AML, banking operations, or compliance experience. Quantify achievements in risk mitigation and regulatory reporting.
- Showcase relevant skills: Emphasize your understanding of BSA, AML, KYC, and OFAC regulations, and your proficiency with compliance software.
- Prepare for interviews: Be ready to discuss your experience investigating suspicious activities and filing SARs or CTRs.
- Demonstrate analytical ability: Highlight your problem-solving skills and attention to detail in your application and during interviews.
- Understand the company: Research Transact Campus's mission and their commitment to serving their user community.
Technical preparation
Behavioral questions
Frequently asked questions
- What is the primary focus of the BSA Analyst role at Transact Campus?
- The primary focus of the BSA Analyst role at Transact Campus is to support and administer the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance program within banking operations. This involves monitoring transactions, investigating suspicious activity, conducting due diligence, and preparing regulatory reports to mitigate financial risk and ensure compliance.
- What qualifications are essential for a BSA Analyst at Transact Campus?
- Essential qualifications for a BSA Analyst include a Bachelor’s degree or equivalent experience, 3-5 years of experience in BSA/AML or related compliance roles, and a strong understanding of BSA, AML, OFAC, US Patriot Act, KYC processes, and Third-Party Risk Analysis. Proficiency with transaction monitoring software and strong analytical and communication skills are also key.
- Is this a remote position, and is travel required for the BSA Analyst role?
- Yes, the BSA Analyst position is remote. However, it does require approximately 10-15% travel based on business needs.
- What kind of regulatory reports will a BSA Analyst at Transact Campus prepare?
- A BSA Analyst at Transact Campus will be responsible for preparing and filing required regulatory reports such as Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) according to applicable law.
- How does Transact Campus foster a positive work environment for its employees?
- Transact Campus fosters a positive work environment through a culture of integrity, respect, and continuous personal development. They encourage an entrepreneurial spirit, innovative problem-solving, and learning agility, alongside offering benefits like flexible time off, robust health insurance, and a matched 401(k).
- What are the key competencies expected from a BSA Analyst at Transact Campus?
- Key competencies include strong Regulatory Knowledge (BSA, AML, OFAC, KYC), Analytical Skills to detect suspicious patterns, Attention to Detail in reviewing transactions, clear Communication, Technical Proficiency with compliance tools, Problem-Solving abilities, effective Collaboration, and a high level of Integrity & Confidentiality.
- What is the significance of the merger between Transact and CBORD for this role?
- The merger between Transact and CBORD creates an industry-leading entity focused on integrated technology solutions for campuses. For a BSA Analyst, this means being part of a larger, innovative organization committed to transforming operations and improving lives, likely offering more opportunities for growth and impact within a strengthened compliance framework.