What Does a BSA Analyst Do?

BSA Analysts are responsible for analyzing and interpreting data related to business systems. They commonly work with large databases of information, looking for trends or patterns that can help companies make better decisions about their operations.

BSA Analysts may also be tasked with creating reports based on their findings. These reports might be used internally by the company they work for, but they could also be made available to other organizations as well.

BSA Analyst Job Duties

BSA analysts have a wide range of responsibilities, which can include:

• Monitoring web traffic to identify security threats and potential fraudulent activity
• Investigating potential breaches of security protocols or other incidents that could expose the organization to liability
• Reviewing data security policies and procedures to ensure they meet industry standards
• Analyzing data to identify patterns, trends, or other noteworthy information
• Analyzing data security threats and recommending security measures to mitigate risk
• Reviewing network activity to ensure it complies with security policies and standards
• Monitoring security software for unauthorized access attempts or other suspicious activity
• Creating reports about security breaches and other security-related incidents to help prevent future occurrences
• Providing information security consultation services to clients

BSA Analyst Salary & Outlook

The salary of a BSA analyst can vary depending on their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of bonuses.

• Median Annual Salary: $62,500 ($30.05/hour)
• Top 10% Annual Salary: $122,000 ($58.65/hour)

The employment of BSA analysts is expected to grow faster than average over the next decade.

Demand for business analysis will continue to increase as organizations seek ways to improve efficiency and productivity. Organizations also will need to ensure that their information systems are secure and adhere to regulatory requirements.

Related: BSA Analyst Interview Questions and Answers

BSA Analyst Job Requirements

To become a BSA analyst, you will likely need to have the following:

Education: A bachelor’s degree is often a minimum requirement to become a BSA analyst. Some of the most common majors for this role include accounting, finance, business administration, and computer science.

Training & Experience: Most employers will provide on-the-job training for newly hired BSA analysts. This training will typically include instruction on the company’s policies and procedures, as well as the software and technology they use.

Certifications & Licenses: Certifications are not usually a requirement to become a BSA analyst, but they can help you become a more competitive candidate when applying for jobs.

BSA Analyst Skills

BSA analysts need the following skills in order to be successful:

Data analysis: Data analysis is the ability to interpret large amounts of information and draw conclusions from it. As a BSA analyst, you may be required to analyze large amounts of data to determine if a company is complying with regulations.

Communication: Communication is another skill that can help BSA analysts succeed in their careers. They often communicate with other members of their team, clients and other stakeholders. They also need to communicate complex information in a way that others can understand.

Critical thinking: Critical thinking is the ability to analyze information and make decisions based on that information. As a BSA analyst, you may be required to make decisions about the security of a company’s data based on the information you have. Critical thinking can help you make the best decision possible.

Problem-solving: As a BSA analyst, you may be responsible for finding solutions to complex problems. Your ability to identify the problem, research potential solutions and implement a solution that satisfies all parties involved can be an important skill for this role.

Organization: BSA analysts often work on multiple projects at once, so it’s important for them to be able to organize their work. This ensures they can complete their tasks in a timely manner and helps them to prioritize their work based on the project’s deadlines.

BSA Analyst Work Environment

The work environment for a business systems analyst (BSA) is typically an office setting, although travel to different locations may be required for some positions. BSAs typically work a regular 40-hour week, although overtime may be necessary to meet deadlines or to attend meetings with clients or other stakeholders. The job can be stressful at times, as BSAs must often juggle multiple projects and deadlines. However, most BSAs find the work to be challenging and stimulating, and they feel that they make a direct and positive impact on the businesses they work for.

BSA Analyst Trends

Here are three trends influencing how BSA analysts work. BSA analysts will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Need for More Data-Driven Decisions

The need for more data-driven decisions is becoming increasingly important in business, as it allows companies to make better decisions based on facts rather than assumptions. This trend is having a major impact on the role of the BSA analyst, who is now responsible for collecting and analyzing data that can be used to make informed decisions.

By understanding how to use data to make decisions, BSA analysts can help their organizations become more successful and efficient. They can also use this knowledge to develop new products and services that are based on customer needs.

Data Security Becomes a Greater Concern

As data security becomes a greater concern for businesses, BSA analysts will be in high demand.

BSA analysts are responsible for ensuring that the data that is collected by a company is safe from hackers and other threats. They do this by implementing security measures such as firewalls and antivirus software. In order to stay ahead of the curve, BSA analysts will need to keep up with the latest hacking techniques and find ways to protect against them.

More Collaboration Between Business and IT

Business and IT professionals are increasingly working together in order to create a more efficient and effective workplace. This trend is leading to an increased demand for BSA analysts, who have the skills necessary to bridge the gap between these two departments.

BSA analysts can capitalize on this trend by developing strong relationships with both business and IT professionals. By doing so, they can ensure that the needs of both parties are met and that the company is running as efficiently as possible.

How to Become a BSA Analyst

A career as a BSA analyst can be very rewarding. It offers the opportunity to work with a variety of people and organizations, and to make a positive impact on their business operations. As a BSA analyst, you’ll need to have strong analytical skills, be able to think creatively about solutions to problems, and be able to communicate effectively with others. You’ll also need to be able to work independently and be able to manage your time effectively.

If you want to become a BSA analyst, it’s important to have a strong foundation in business administration and accounting. You should also have experience working with computer systems and software programs.

Advancement Prospects

There are many ways to advance your career as a BSA analyst. One of the best ways is to get further education, such as a master’s degree in business administration or a related field. This will give you the skills and knowledge you need to move into management positions. Alternatively, you can specialize in a particular area of BSA, such as risk management or compliance. This will make you more valuable to employers and open up more opportunities for advancement. Finally, you can simply gain more experience and knowledge on the job. As you become more experienced, you will be able to take on more responsibility and move into higher-level positions.

BSA Analyst Job Description Example

The Business Systems Analyst (BSA) will be responsible for analyzing business processes and developing technical solutions to business problems. The BSA will work with business units to understand their workflows and how they can be improved. The BSA will also be responsible for documenting business requirements and developing functional specifications for technical teams. The ideal candidate will have experience working with business users to understand their needs and translating those needs into technical requirements. The BSA will also need to be able to effectively communicate with both business and technical teams.

Duties & Responsibilities

• Understand the business processes and objectives of the assigned line of business and how they are supported by information technology
• Work with business units, project teams, and vendors to elicit, analyze, document, and validate business, functional, and technical requirements
• Develop a deep understanding of the application portfolio in order to provide input into the development of the enterprise architecture
• Serve as a liaison between the business units, project teams, and vendors throughout the software development life cycle
• Translate business requirements into detailed functional specifications for use by application development teams
• Create process models, user interface designs, data models, and prototypes to effectively communicate detailed specifications
• Validate that test plans and test cases accurately reflect the functional specifications and business requirements
• Participate in quality assurance reviews and user acceptance testing to ensure that delivered solutions meet business needs
• Assist in the development and implementation of training programs and user manuals
• Provide Tier 3 support for applications in production
• Monitor industry trends and best practices to recommend improvements to the application portfolio
• Maintain up-to-date documentation of business processes, functional specifications, and other related artifacts

Required Skills and Qualifications

• Bachelor’s degree in business, accounting, finance, or related field
• 3-5 years experience in banking, financial services, or related industry
• Working knowledge of compliance regulations (AML/KYC/BSA)
• Excellent analytical skills with attention to detail
• Strong written and verbal communication skills
• Ability to work independently and as part of a team

Preferred Skills and Qualifications

• Certification in compliance or related field (CAMS, CRCM, etc.)
• Experience with transaction monitoring systems
• Familiarity with OFAC and sanctions regulations
• Audit or risk management experience