BSA/AML Analyst

Paramount is seeking a BSA/AML Analyst to support the Bank’s BSA/AML and OFAC compliance program. This role will assist with transaction monitoring, alert review, customer due diligence, enhanced due diligence, sanctions screening, suspicious activity investigations, regulatory reporting support, and BSA/AML documentation.

The BSA/AML Analyst will work with the BSA Officer, operations, lending, deposit, compliance, and other bank personnel to help ensure the Bank complies with applicable BSA/AML, OFAC, and related regulatory requirements.

This is a hands-on support role. The ideal candidate is organized, detail-oriented, analytical, and interested in growing within a bank BSA/AML function.

Responsibilities

• Review transaction monitoring alerts and document findings.
• Assist with suspicious activity investigations.
• Support SAR preparation and investigation documentation.
• Assist with CTR review, preparation, and filing support.
• Review OFAC and sanctions screening alerts.
• Assist with customer due diligence and enhanced due diligence reviews.
• Help maintain customer risk ratings and supporting documentation.
• Review cash activity for unusual activity or potential structuring.
• Maintain BSA/AML logs, trackers, reports, and records.
• Support BSA/AML policy, procedure, and control documentation.
• Assist with BSA/AML audit, exam, and internal review requests.
• Track assigned findings, corrective actions, and remediation items.
• Support BSA/AML training administration and documentation.

The role may support activities related to:

• Bank Secrecy Act
• USA PATRIOT Act
• Customer Identification Program
• Customer Due Diligence
• Enhanced Due Diligence
• Beneficial ownership requirements
• Suspicious Activity Reports
• Currency Transaction Reports
• OFAC and sanctions compliance
• Structuring monitoring
• High-risk customer monitoring
• Monetary instrument and funds transfer recordkeeping
• FFIEC BSA/AML Examination Manual expectations
• FinCEN guidance and applicable regulatory requirement

Salary Range: $45k - $60k

This position is located in Hazelwood, MO and is an on-site position with the possibility of hybrid work in the future. 

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Retirement plan
• Paid time off

All offers for employment with Paramount Bank are contingent upon the candidate having successfully completed a criminal background check. Paramount Bank will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Paramount Bank’s compliance policies related to these requirements including acceptable background check investigation results. Successful candidates must also meet ongoing regulatory requirements including additional screening and required reporting of certain incidents. Relevant military experience is considered for veterans and transitioning service men and women. Paramount Bank values a diverse workforce and is an equal opportunity employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

• 1 to 3 years of experience in BSA/AML, OFAC, bank compliance, fraud, risk, audit, branch operations, deposit operations, or a related financial services role.
• Basic understanding of BSA/AML and OFAC requirements.
• Strong attention to detail.
• Strong documentation and organizational skills.
• Ability to review account and transaction activity and identify unusual patterns.
• Ability to write clear notes, summaries, and findings.
• Ability to manage assigned tasks and escalate concerns appropriately.
• Prior bank or credit union experience preferred.
• BSA/AML training or certification preferred but not required.