POSITION SUMMARY:
he BSA Analyst will report to the BSA Officer. This position will play a critical role in ensuring compliance with BSA/AML/CTF Regulations, OFAC, and Fraud prevention
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
DR Bank is looking for a proficient individual that is highly experienced and passionate about innovative banking while ensuring compliance with AML/BSA/CTF and OFAC regulations.
- Review and clear alerts on the AML/Fraud System.
- Review and clear alerts generated from 314(a) information requests.
- Initiate and respond to 314(b) requests.
- Conduct investigations on suspicious activity and manage cases within the AML platform.
- File SARs and CTRs.
- Review and clear OFAC alerts received from Branches and Deposit Operations.
- Conduct EDD reviews on High-Risk Customers.
- Collaborate with multiple stakeholders, FinTech partners, and business lines to ensure alignment with regulatory requirements and industry best practices.
- Monitor compliance with requirements across Retail Banking and FinTech programs and ensure timely reporting and escalation of non-compliance in accordance with established procedures.
- Conduct QC reviews of LaaS programs to ensure applicable laws are adhered to.
- Provide audit and examination support to ensure successful audits and exams and promptly address any findings.
- Identify trends in relation to fraud and develop mitigating controls to address inherent fraud risk.
- Attend job related seminars, webinars, and conferences as needed to keep abreast of regulatory changes and trends.
- Perform other functions as assigned by the BSA Officer.
KNOWLEDGE, SKILLS and ABILITIES:
- Financial crimes investigations.
- Superior analytical and critical thinking skills.
- Hands-on experience with the day-to-day operations of AML/BSA/OFAC and Fraud.
- Knowledge of federal and state regulations and keep up to date with the ever-changing regulatory requirements.
- Ability to convey complex subjects in a manner easily understood by others.
- Excellent communication and interpersonal skills.
- Self-starter, problem solver, ability to multi-task, and thrive on delivering results.
- Must be able to work independently while remaining a team player
EDUCATION/EXPERIENCE REQUIREMENTS:
☒ High school diploma or equivalent work experience.
☐ College degree or equivalent work experience.
☐ Advanced degree or equivalent experience.
Required Years of Work Experience: 5+
PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:
Preferred Education/Experience:
- At least 5 years of job-related experience.
- Experience with Verafin.
- Experience with FinTech LaaS and BaaS with a specialized focus on the payment’s ecosystem.
- Comfortable adapting to and thriving in a dynamic, fast paced environment.
Preferred Licenses/Certifications: CAMS or CFE or willing to take examination to become certified.
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- Monday to Friday