BSA Analyst

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Patriot Bank, N.A.

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 1994

🏦 Banking

💸 Finance

Banking • Finance

Patriot Bank, N. A. is a full-service financial institution headquartered in Stamford, Connecticut. It offers a wide range of personal, business, and commercial banking services, including personal checking and savings accounts, certificates of deposit, mortgage loans, and home equity options. For businesses, it provides small business checking accounts, commercial real estate loans, and various lines of credit. The bank is committed to community involvement and supports local educational programs, such as the Junior Achievement Career Speaker Series. It also offers digital solutions like online and mobile banking, ensuring accessibility and convenience for its customers.

📋 Description

• Serves as a subject matter expert for Retail Banking and related business lines, providing guidance on onboarding, account maintenance, periodic reviews, and customer exits. • Perform or review Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for retail customers. • Evaluate customer profiles using a risk-based approach, incorporating customer activity, products and services, geographies, ownership structures, occupation, and source of funds/wealth where applicable. • Review and assess the adequacy, accuracy, and consistency of CIP/KYC documentation and recommend remediation when deficiencies are identified. • Provide guidance on determining appropriate risk mitigation strategies for higher-risk customers. • Act as an escalation point for complex, high-risk, or sensitive customer situations, including customer risk ratings, onboarding decisions, and ongoing risk management concerns. • Provide independent challenge and credible advisory opinions where business practices, documentation, or decisions may not align with policy, procedure, or regulatory expectations. • Document risk-based analyses and advisory rationale to support governance, audit trails, internal oversight, and regulatory examinations. • Conduct or review preliminary BSA screenings, including adverse media, sanctions, and PEP reviews, and assess potential regulatory and reputational risk. • Review BSA watchlist alerts (e.g., 314a, OFAC, sanctions, negative news) and assist with disposition, escalation, or referral. • Maintain sufficient familiarity with transaction monitoring typologies and alerting frameworks to support advisory functions, issue identification, and escalation decisions. • Assist with the preparation of or advise on Currency Transaction Reports (CTRs) and Suspicious Activity Reports (SARs) other BSA reporting where complex or unusual scenarios require subject matter input. • Provide BSA support for new retail products, services, channels, or material process changes, including digital initiatives and third-party solutions impacting customer risk. • Participate in special projects, including remediation activities, policy and procedure updates, process improvements, and control enhancements. • Identify and analyze trends, themes, and emerging risks across the retail portfolio. • Translate observations into actionable insights and recommendations for BSA leadership to support risk management and continuous improvement. • Partner with first-line, operational, and second-line teams to promote consistent understanding and application of CIP/CDD/EDD requirements. • May support BSA/AML or fraud investigations.

🎯 Requirements

• Bachelor’s degree or equivalent work experience • Three (3) or more years of experience in BSA/AML, financial crime compliance, or related risk functions within a financial institution. • Experience supporting audits, regulatory examinations, or remediation efforts. • Strong expertise in CIP, KYC, CDD, EDD, customer risk rating, and retail BSA/AML requirements. • Demonstrated ability to apply risk-based judgment to complex or ambiguous scenarios. • Excellent analytical, investigative, and critical-thinking skills. • Strong written and verbal communication skills, including documentation of risk decisions and advisory conclusion. • Demonstrated ability to manage multiple assignments, meet deadlines, and operate independently. • Ability to influence and partner across functions without direct authority. • Highly organized with the ability to manage competing priorities in a fast-paced environment.

🏖️ Benefits

• Competitive compensation and benefits package commensurate with experience