BSA/AML Analyst 1

Five Star Bank | Rochester, NY

Posted Date 11/24/2021

Position Title: BSA/AML Analyst 1

Department: Compliance

Reports To (Title): BSA/AML Manager - Alerts

FLSA Status: Non-Exempt

Purpose: The BSA/AML Analyst 1 is primarily responsible for investigating various alerts (e.g., transaction monitoring, Office of Foreign Assets Control (OFAC), and Currency Transaction Reports (CTR)) utilizing various software systems to determine if the alerted activity is unusual, and subsequently escalating or clearing the alert as appropriate.

Scope and Direction:

Area of Responsibility: BSA/AML Compliance

Degree of Supervision Received (Minimal, Moderate or Extensive): Moderate

  • From (Title): BSA/AML Manager - Alerts

Degree of Supervision Given (None, Minimal, Moderate or Extensive): None

Essential Functions: The major duties of the job that constitute the fundamental tasks and or responsibilities of the position. Employees must be able to perform the essential functions of the position with or without reasonable accommodations.

1. Reviews transaction monitoring alerts for unusual activity utilizing various systems, and recommends the alerts be escalated to case or cleared

2. Ensures all processes are followed for Currency Transaction Reports (CTR) filing

3. Performs daily Office of Foreign Assets Control (OFAC) Processing

4. Assists in the Customer Due Diligence oversight process which includes review of reporting metrics and working with Retail Branches to address and resolve outstanding items.

5. Assists in the performance of testing regarding various BSA/AML functions such as OFAC alert, monetary instrument log, and Customer Identification Program (CIP) verification processes, to ensure that processes adhere to established guidelines

6. Assists in preparation of documentation for audits and examinations

7. Demonstrates the standards and principles of the Five Star Experience in every interaction with internal and external customers and associates. Incorporates the high-performance behaviors of teamwork, leading by example and service in every facet of work.

8. This job description is not exhaustive. The BSA/AML Analyst 1 may be required to perform other duties as assigned.

Job-Related Qualifications:

Education and Prior Experience:


  • Associates Degree
  • 1+ Years Experience in any of the following areas: Banking, Auditing, Criminal Justice, Investigations



  • High School Diploma or equivalent
  • 2+ Years Experience in any of the following areas: Banking, Auditing, Criminal Justice, Investigations


  • Bachelor’s Degree
  • 1+ Years Experience -Type: BSA/AML & OFAC experience

Licenses or Accreditation:

Required: N/A

Preferred: Certified Anti Money Laundering Specialist Certification (CAMS), Certified Anti-Money Laundering & Fraud Professional (CAFP), or other BSA/AML related certifications


1. Knowledge of or ability to learn BSA/AML & OFAC regulations and requirements

2. Strong verbal and written communication skills and ability to interact positively with a wide variety of individuals

3. Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines

4. Ability to identify trends, interpret data and apply to workflows, compliance techniques and automation

5. Possess a high level of attention to detail

6. Ability to maintain a high degree of confidentiality

7. 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:

1. Able to regularly sit for prolonged periods of time

2. Extensive computer usage is required

Five Star Bank and affiliate companies are committed to Equal Employment Opportunity and Affirmative Action. We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic. Five Star Bank and affiliate companies are committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA). If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at (585) 786-4344, (585) 498 - 7565 or (585) 786-1417.

Note: At a later stage in the application process, applicants may be required to provide information about their criminal conviction history, if any, and to authorize the procurement of a consumer report that will contain, among other things, information about criminal conviction history. Except as required by applicable law, past criminal convictions will not automatically disqualify an applicant from employment, and Five Star Bank will only consider such history in accordance with applicable law. Please be advised, however, that federal law prohibits Five Star Bank from employing “any person who has been convicted of any criminal offense involving dishonesty or a breach of trust or money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense” unless the FDIC has provided prior written consent.

Employment Type
Full Time

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