Receive welcome packet and human resources introduction
2
Introduce to the team and the work environment
3
Sign for all necessary legal and company documents
4
Complete comprehensive training on the Bank Secrecy Act (BSA)
5
Approval: Trained in BSA
6
Receive training on the specific tools and software used for BSA analysis
7
Learn the company's procedures for compliance with the BSA
8
Get hands-on experience under direct supervisor's guidance
9
Approval: Proficient in Software Usage
10
Understand how to identify unusual transaction patterns
11
Get familiarized with how to prepare and report suspicious activities
12
Learn how to validate customer identities and transaction documentation
13
Study Bank's AML policies
14
Approval: Understanding of AML Policies
15
Learn how to conducts independent research to assess and ascertain the risk profile of certain customers
16
Understand how to make recommendations for further investigation
17
Shadow senior BSA analyst for practical understanding
18
Start working on real-time assignments with guidance
19
Approval: Ready for Independence
20
Attend final review with the manager and onboarding partner
Receive welcome packet and human resources introduction
Upon joining the company, you will receive a warm welcome packet along with an introduction to the human resources department. This task is crucial as it sets the tone for your onboarding process and ensures you feel valued and supported from day one. The welcome packet will include important information about the company's mission, values, and culture. The human resources introduction will familiarize you with the HR team and their role in supporting employees throughout their tenure. By completing this task, you will gain a better understanding of the company's structure and have a strong foundation to start your journey.
Introduce to the team and the work environment
In order to acclimate you to the team and work environment, you will be introduced to your colleagues and given a tour of the office. This task plays a vital role in helping you establish relationships with your teammates and understanding the dynamics of the work environment. By completing this task, you will feel more comfortable and supported in your new role.
1
John
2
Sarah
3
Michelle
1
Reception area
2
Break room
3
Conference rooms
Sign for all necessary legal and company documents
Before you can begin your work as a BSA analyst, it is important to complete the necessary paperwork. This task involves signing various legal and company documents, such as employment contracts, privacy agreements, and code of conduct policies. By completing this task, you will ensure compliance with legal requirements and company policies, setting a strong foundation for your role as a BSA analyst.
Complete comprehensive training on the Bank Secrecy Act (BSA)
To ensure a thorough understanding of the Bank Secrecy Act (BSA), you will undergo comprehensive training in this task. The purpose of this training is to equip you with the necessary knowledge and skills to identify and prevent money laundering, fraud, and other illegal activities. By the end of this training, you will have a solid understanding of the BSA regulations and be prepared to apply them in your daily work as a BSA analyst.
1
Manual
2
Online course
3
Videos
Approval: Trained in BSA
Will be submitted for approval:
Complete comprehensive training on the Bank Secrecy Act (BSA)
Will be submitted
Receive training on the specific tools and software used for BSA analysis
In this task, you will receive training on the specific tools and software used for BSA analysis. This training is essential as it familiarizes you with the software's functionalities, features, and reporting capabilities. By completing this task, you will be equipped with the technical skills necessary to perform BSA analysis efficiently and effectively.
1
ABC Analysis Tool
2
XYZ Reporting Software
3
PQR Investigation Tool
1
Data filtering
2
Report generation
3
Transaction monitoring
Learn the company's procedures for compliance with the BSA
To ensure compliance with the Bank Secrecy Act (BSA), it is vital to understand the company's procedures and protocols. In this task, you will learn about the company's internal controls, reporting requirements, and compliance measures. By completing this task, you will have a clear understanding of the company's commitment to BSA compliance and be able to follow the necessary procedures to fulfill your role as a BSA analyst.
1
Transaction monitoring
2
Suspicious activity reporting
3
Record keeping
Get hands-on experience under direct supervisor's guidance
In this task, you will have the opportunity to gain hands-on experience under the direct guidance of your supervisor. This hands-on experience will allow you to apply the knowledge and skills you have acquired during training to real-world scenarios. By completing this task, you will build confidence in your abilities and develop a deeper understanding of the BSA analysis process.
Approval: Proficient in Software Usage
Will be submitted for approval:
Receive training on the specific tools and software used for BSA analysis
Will be submitted
Understand how to identify unusual transaction patterns
Identifying unusual transaction patterns is a crucial skill for a BSA analyst. In this task, you will learn how to analyze transactions and detect patterns that deviate from normal activity. By completing this task, you will be able to recognize potential red flags and take appropriate action to mitigate risks.
1
Structuring
2
Round-tripping
3
Layering
1
High volume
2
Rapid succession
3
Unusual location
Get familiarized with how to prepare and report suspicious activities
Preparing and reporting suspicious activities is a critical responsibility of a BSA analyst. In this task, you will learn the process of documenting and reporting suspicious activities to the appropriate authorities. By completing this task, you will be able to effectively contribute to the prevention of financial crimes and enhance the overall security of the organization.
Learn how to validate customer identities and transaction documentation
Validating customer identities and transaction documentation is essential for BSA compliance. In this task, you will learn how to verify customer identities and authenticate transaction documentation. By completing this task, you will ensure that the company meets its obligations to prevent money laundering and other illicit activities.
1
KYC procedures
2
Document review
1
Passport
2
Driver's license
3
National ID card
Study Bank's AML policies
To further your understanding of the company's anti-money laundering (AML) measures, you will study the Bank's AML policies in this task. These policies provide guidelines and instructions for identifying and preventing money laundering activities. By completing this task, you will have a comprehensive understanding of the Bank's AML policies and their role in ensuring compliance with regulatory requirements.
1
Policy Manual
2
Training materials
3
Online resource
Approval: Understanding of AML Policies
Will be submitted for approval:
Study Bank's AML policies
Will be submitted
Learn how to conducts independent research to assess and ascertain the risk profile of certain customers
Conducting independent research to assess and ascertain the risk profile of certain customers is a key responsibility of a BSA analyst. In this task, you will learn how to gather relevant information, analyze data, and evaluate the risk associated with specific customers. By completing this task, you will be able to effectively identify and address potential risks, contributing to the overall risk management efforts of the organization.
1
Public records
2
Media sources
3
Internal databases
Understand how to make recommendations for further investigation
Making recommendations for further investigation is an important aspect of a BSA analyst's role. In this task, you will learn how to assess suspicious activities, gather evidence, and develop recommendations for further investigation. By completing this task, you will contribute to the efficient detection and prevention of financial crimes, enhancing the integrity of the organization.
Shadow senior BSA analyst for practical understanding
To gain a practical understanding of the BSA analysis process, you will shadow a senior BSA analyst. This task provides an opportunity to observe and learn from an experienced professional, gaining insights into their workflow, decision-making process, and best practices. By completing this task, you will accelerate your learning curve and develop the skills necessary to become a successful BSA analyst.
Start working on real-time assignments with guidance
In this task, you will begin working on real-time assignments under the guidance of your supervisor or a senior BSA analyst. This hands-on experience will further strengthen your analytical skills and allow you to apply your knowledge to real-world cases. By completing this task, you will make meaningful contributions to the organization's risk management efforts and contribute to the prevention of financial crimes.
1
Transaction analysis
2
Risk assessment
3
Report preparation
Approval: Ready for Independence
Will be submitted for approval:
Start working on real-time assignments with guidance
Will be submitted
Attend final review with the manager and onboarding partner
To conclude your onboarding process, you will attend a final review with your manager and onboarding partner. This review serves as an opportunity to reflect on your onboarding journey and address any remaining questions or concerns. By completing this task, you will ensure a smooth transition into your role as a fully integrated BSA analyst.