Overview:
The BSA Data Analytics & Performance Monitoring Specialist plays a critical role in reducing regulatory risk, improving alert quality, and strengthening the overall BSA compliance program. This position is responsible for the ongoing performance monitoring, testing, and optimization of the Bank’s BSA/AML software and related detection systems.
The role is essential to ensuring the Bank’s BSA/AML performance monitoring framework remains effective, well‑governed, and aligned with the Bank’s risk appetite. Serving as a key liaison between Compliance, Operations, and Technology, the analyst provides data‑driven insights that enhance suspicious activity detection, reduce false positives, and support model governance and regulatory expectations.
The position supports the BSA program by evaluating alert generation, agent logic, customer risk rating methodologies, and configurable rules to ensure monitoring capabilities remain effective, compliant, and appropriately aligned with the institution’s risk profile.
What You’ll Do:
- Perform ongoing performance monitoring of BSA/AML systems, including alerts, scenarios, agents and customer risk rating models.
- Analyze alert volumes, disposition outcomes, conversion rates, and false-positive trends
- Identify performance degradation, threshold issues, or emerging risk requiring tuning or escalation
- Develop and maintain KPIs and metrics to demonstrate system effectiveness
- Conduct testing of new or modified agents, alerts, thresholds, and risk rating changes
- Support validation of vendor system updates, enhancements, and new services
- Assist with model change impact analysis and pre-/post implementation reviews
- Document testing methodologies, results, and approvals in accordance with governance standards
- Use data analytics to identify trends, anomalies, and emerging typologies
- Produce management and board-level reporting on BSA system performance and risk exposure
- Create dashboards and automated reports to support ongoing monitoring
- Respond to ad-hoc data requests from BSA, internal audit, and others
- Support BSA/AML model governance programs, including periodic reviews and independent validations
- Maintain clear documentation and audit trails that support regulatory examinations
- Assist with examiner and auditor inquiries related to system performance and methodology
- Ensure monitoring practices align with regulatory guidance, FFIEC expectations, and internal policies
- Partner with various risk, compliance and data teams to resolve system or data issues
- Participate in vendor meetings related to performance, enhancements, and roadmap planning
- Provide analytical support for enterprise-level risk assessments and program enhancements
Compliance Training: Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
Other Duties: This job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
Requirements For Success:
- Bachelor's degree in Data Analytics, finance, information systems or related field.
- Three to five years of experience in BSA/AML, financial crimes analytics, or compliance data analysis.
- Hands on experience with BSA/AML software platforms (e.g., Verafin, NICE Actimize, Oracle, SAS MIL)
- Proficient in data analysis tools such as SQL, Power BI, Tableau, or similar
- BSA/AML Certification such as CAMS, CRCM, CFE, or similar professional certifications
- Strong analytical skills with the ability to interpret large data sets and translate findings into actionable items
- Written and Oral Communication. Must be able to ask good questions, listen and facilitate meetings.
- Need to be able to meet deadlines and prioritize tasks.
- Proficient in Microsoft Office products, such as Excel, Word and PowerPoint
Conditions of Employment:
- Must be able to pass a criminal background & credit check
- This is a full-time, non-remote position that requires schedule flexibility to work evenings and weekends as needed.
FLSA Status: Exempt
Ready to take your career to the next level? Apply now and become a vital part of our team!
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state, or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Pay Range:
USD $49,972.00 - USD $76,958.00 /Yr.
