- Location
- Waukee, IA
- Experience
- 2+ years
- Source
- Paylocity
Description
Description
POSITION SUMMARY
The Risk Analyst I performs foundational Bank Secrecy Act (BSA), Anti-Money Laundering (AML), and Office of Foreign Assets Control (OFAC) compliance activities under the guidance of the BSA Officer. This role focuses on transaction monitoring, alert review, documentation, and routine quality control to support the Bank's financial crimes compliance program.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The essential functions include, but are not limited to the following:
BSA / AML / OFAC Monitoring & Execution
- Perform routine daily reviews of transaction monitoring reports, alerts, and logs in accordance with established procedures.
- Identify, document, and escalate unusual or potentially suspicious activity to the BSA Officer or Risk Analyst II.
- Assist with the preparation and documentation of Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) under review.
- Support customer and account risk profiling, including new account reviews and periodic updates.
- Assist with periodic updates to the BSA/AML Risk Assessment.
Systems & Administrative Support
- Research and resolve alerts within automated BSA/AML/Fraud monitoring systems following established guidelines.
- Maintain accurate documentation, audit trails, and records in accordance with retention requirements.
- Assist with subpoenas, garnishments, and regulatory information requests as assigned.
- Maintain working knowledge of applicable BSA, AML, OFAC, CIP, and USA PATRIOT Act requirements.
Other
- Maintain current knowledge of all federal and state laws and regulations, along with the Bank’s policies and procedures.
- Assist in the research of regulatory issues to compliance questions from Bank personnel, using legal and regulatory reference materials, regulatory agencies, as appropriate.
ADDITIONAL RESPONSIBLITIES
- Perform other related duties and responsibilities as assigned by management.
Requirements
EDUCATION & EXPERIENCE
- Associate’s degree required or equivalent work experience
- 2+ years experience in similar job duties
LOCATION
- Waukee, IA, Sioux City, IA or Sioux Falls, SD. Note: Only one position will be filled across these locations.
Central Bank is an Equal Opportunity Employer.
All qualified applicants will receive consideration without regard to race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, sexual orientation, gender identity, status as a protected veteran, or any other characteristic protected by law.
We make all reasonable accommodations to meet the obligations under the Americans with Disabilities Act (ADA) and applicable state disability laws.
