BSA/OFAC Analyst - Banking - New York

Job Title: BSA/OFAC Analyst - Banking - New York
Contract Type: Permanent
Location: New York, USA
Salary: US$55000.00 - US$75000.00 per year + overtime
Reference: BBBH19288_1547734824
Contact Name: Ben Ellison
Contact Email:
Job Published: January 17, 2019 14:20

Job Description

Our client, an international bank located in New York City is looking for a motivated BSA/OFAC Analyst.


The BSA/OFAC Analyst ensures that proper CIP/CDD/KYC process are observed by all branches and business units at account inception and conducts reviews for AML transaction monitoring purposes. The BSA/OFAC Analyst also assists in executing compliance functions of the Bank's OFAC Program, CTR reporting, CTR exception tracking process and the Bank's BSA/AML & OFAC systems.

Essential Functions:

Include the following. Other duties may be assigned.

  • Review personal and business customers KYC and CIP documentation for accuracy completeness, and compliance with policies and procedures
  • Provide guidance to retails with respect to CIP policies and procedures
  • Identify suspicious activities, money laundering, or terrorist financing by performing new customer due diligence
  • Perform research and investigation for new personal and business customer
  • Review currency transaction reports (CTR) to ensure all the information, including the dollar amount are correctly entered
  • Obtain, search, document, and log FinCEN 314(a) information request
  • Review OFAC dispositions made by business units to ensure all possible matches are correctly disposed
  • Assist in administrative tasks associated with OFAC and suspicious activity reporting including maintaining an OFAC update log and updating internal black list
  • Make determinations to escalate matters for further investigation
  • Attend required BSA/AML/OFAC related training
  • Work on any other tasks assigned by BSA / OFAC Manager.


  • Core AML skills to financial products and processes.
  • Communicate issues to EDD Manager in an effective manner.
  • Identify suspicious or unusual activity and escalate matters for heightened review.

Supervisory Responsibility:

  • Review the work of EDD /OFAC analysts;
  • Provide guidance and support to EDD analysts in the performance of their functions.

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