POSITION SUMMARY:
The BSA Fintech Analyst will report to the VP, AML Payments Manager. This position will play a critical role in supporting the Bank’s FinTech programs by monitoring payments, ensuring regulatory compliance with BSA/AML/CTF Regulations, OFAC, Fraud prevention, and payments regulations, with specific focus on payment flows, transaction monitoring, ledger activity, and FinTech partner oversight.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
DR Bank is seeking a skilled professional with proven experience in AML, BSA, CTF, and OFAC regulatory compliance.
• Monitor and clear alerts related to payments activity within AML, fraud, and transaction monitoring systems.
• Conduct investigations on suspicious activity of payments transactions and manage cases within the AML platform.
• Prepare and regulatory reports (SARs) and payment-related OFAC reports, as required.
• Clear OFAC sanctions alerts related to payments, customers, and counterparties.
• Conduct EDDs on High-Risk Customers and FinTech partners.
• Perform Quality Control reviews on FinTech programs and ensure timely reporting and escalation of non-compliance in accordance with established procedures.
• Assist with on-boarding reviews of FinTech BaaS and LaaS Programs.
• Conduct Quality Control reviews of BSA processes, including but not limited to alerts, OFAC screening, 314A, sanctioned countries, Section 311 Special Measures, and SARs.
• Assist with legal notices.
• 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.
• Strong understanding of payments operations and payment rails (ACH, wires, cards, RTP, digital wallets).
• 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, including payments related to 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: 3+
PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:
Preferred Education/Experience:
• At least 3 years of job-related experience.
• Experience with transaction monitoring platforms, KYC/KYB.
• Experience with FinTech programs.
• 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