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BSA Analyst at The Washington Trust Company in Warwick, Rhode Island

Posted in Other 30+ days ago.

Job Description:

BSA Analyst

Washington Trust Centerville Road, 236 Centerville Road (Rte. 117), Warwick, Rhode Island, United States of America
Req #709

Thursday, June 17, 2021

Washington Trust is a special place because of our people. We believe employees who are valued, recognized, rewarded and empowered will achieve personal and professional goals. We hire the best people in the business and are always looking for professionals who will uphold our core values of quality, integrity and community.

We are seeking a BSA Analyst to join our team.The BSA Analyst works directly with the Vice President/BSA/AML Compliance Officer in order to support the department in maintaining regulatory compliance and appropriate controls of the Bank Secrecy Act Compliance Program.

Primary Responsibilities:

  • Review and understand internal cash reports for potential Currency Transaction Reporting.

  • Complete and submit accurate and timely Currency Transaction Reports.

  • Process alerts generated by AML monitoring systems, including the identification of unusual/suspicious activity through reviewing/analyzing account activity.

  • Prepare case write up reports and recommend whether to file a SAR.

  • Conduct periodic account/customer reviews for customer due diligence purposes.

  • Process a variety of Watch List Alerts, including OFAC, FinCEN 314a, USA PATRIOT Act Section 311 (Special Measures).

  • Maintain an understanding of AML regulations, red flags, current money laundering schemes and investigative techniques.

  • Achieve and sustain a high level of quality, accuracy and efficiency in all BSA/AML and OFAC matters.

  • Work with peer analysts on projects as directed by BSA Compliance management.

  • Performing all assigned duties under Bank's BSA compliance programs and related laws &regulations.

  • Successfully completing all mandatory training on related Bank's and BSA compliances as well as other laws and regulations.


  • Minimum 1+ years of banking experience required.

  • Bachelor's/Associate's Degree or equivalent experience preferred.

  • Prior BSA/AML experience with working knowledge of regulation preferred.

  • Excellent critical thinking, problem solving and judgement skills, with the ability to make sound and reasonable decisions based on analytical data.

  • Excellent organizational skills and strong attention to detail, with the ability to multi-task and work independently in a fast paced, high volume environment.

  • Ability to take initiative and work independently with minimal supervision in a structured environment.

  • Strong time management and ability to meet deadlines.

  • Working knowledge of Microsoft Office Suite (Work, Excel, PowerPoint).

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to cultivating and promoting a diverse and inclusive workforce. We seek to provide an environment of equal employment opportunity and advancement to all employees and applicants. It is our policy to provide equal employment and advancement opportunities without regard to race, color, ethnicity, age, religion, gender, pregnancy/childbirth, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or any other category protected by federal, state and/or local laws. Click Here to view "EEO is the law poster". For additional information, please Click Here for EEO supplement poster.

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