Intern - Bank Secrecy Act Analyst

Description

Summary

As a BSA Analyst Intern, you will be contributing to the essential functions of monitoring and reporting suspicious activity in line with the Bank Secrecy Act. You will gain hands-on experience in various compliance operations, including transaction analysis, customer identification, and sanctions screening, while supporting our dynamic team in a collaborative environment.

Responsibilities

• Assist in the monitoring and reporting of customer and transaction activities to ensure compliance with the Bank Secrecy Act.
• Analyze transactional data to identify irregular patterns and conduct investigations into suspect account activity.
• Prepare and review Currency Transaction Reports (CTRs) and maintain accurate monetary instrument records.
• Monitor Customer Identification Program (CIP) compliance through regular validation and exception reporting.
• Support BSA operations related to the Office of Foreign Assets Control (OFAC) and sanctions screening, ensuring thorough checks and balances.
• Review CIP exception reports and automated alerts, referring potential risk issues to management.
• Participate actively in team meetings to understand company objectives and provide insights.
• Seek knowledge and mentorship from experienced team members to enhance your understanding of compliance practices.
• Provide administrative support, including preparing detailed reports and presentations.
• Engage in special projects and continuous improvement initiatives, contributing to the overall success of the team.
• Perform other duties as assigned by Internship Program Coordinators, direct leadership, or based on business needs. 

Requirements

Skills/Experience/Education

• Minimum preferred cumulative GPA of 3.0.
• Currently pursuing a Bachelor’s degree or Master’s degree.
• Educational background and disciplines in Business Administration, Risk Management, English, Criminal Justice, or related fields are preferred. 
• Be a highly motivated self-starter who takes initiative.
• Demonstrates strong analytical and problem-solving skills.
• Possesses critical thinking, communication, and teamwork skills.
• Authorized to work in the U.S. on a permanent basis. Please note, Gulf Coast Bank & Trust will not provide any assistance or sign any documentation to support immigration sponsorship or benefit including but not limited to optional practical training (OPT) or curricular practical training (CPT).

Essential Mental & Physical Requirements

• Ability to travel if required to perform the essential job functions. 
• Ability to work under stress and meet deadlines.
• Ability to read and interpret a document if required to perform the essential job functions.
• Prolonged periods of sitting at a desk and working on a computer may be required.
• Ability to lift/move/carry approximately 15 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division any “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Gulf Coast Bank & Trust Company and its subsidiaries is committed to a diverse and inclusive workforce. We are committed to equal employment opportunities without regard to race, color, genetic information, religion, sex, affectional or sexual orientation, gender identity or expression, age, marital status, military and veteran status, physical and mental disability, and any other characteristic protected by applicable law. We believe in attracting, retaining, and promoting quality talent and recognize that our diversity is critical to the success of the company.