BSA-AML Fraud Analyst - Bank

Thrivent

About The Position

The BSA/AML/Fraud Analyst assists the Bank ’s BSA Officer in areas related to compliance with the Bank Secrecy Act, regulations issued by the Office of Foreign Assets Control (OFAC), Financial Crimes Enforcement Network (FinCEN) and all other related anti-money laundering (AML) laws and regulations. They assist in the implementation of our BSA/AML program, support training efforts, are responsible for preventing, responding to, investigating, resolving, and reporting fraud, participate in briefings of management and staff on BSA/AML compliance issues and responds to BSA/AML questions. DUTIES & RESPONSIBILITIES: Investigates and clears assigned fraud alerts and identifies appropriate issues for escalation. Identifies trends of suspicious financial activity, monitors and research suspicious financial transactions and takes appropriate action to minimize loss. Assists with CIP reviews and Enhanced Due Diligence and Know Your Customer (KYC) reviews of higher risk clients Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, AML and all other general related regulations. Remains updated on all regulatory changes and court rulings as they relate to BSA, OFAC, AML, and compliance regulations. Remains proficient in automated or manual systems used to detect fraud. Acquires and applies foundational knowledge of the bank , its products, and processes to identify and recommend solutions and improvements that prevent and detect fraud activities. Assists with examination preparation work, as needed. Assists with any projects assigned to the Risk Management Department. Describe below the audience this role will interact with and level of influence they will have on those roles. This roll will interact with the following: Internal Staff (including managers): Assist with providing answers to BSA/AML/OFAC/CIP and fraud related questions, related coaching or training and collaborate on system or procedural changes. Clients: Gather information, explain account closure decisions and discuss fraudulent activity on their account. Law Enforcement: Respond to requests for information and contact them when applicable. Auditors: Assist with gather information requested for an audit. External vendor: Assist with review and implementation of changes to the system.

Requirements

Bachelor’s degree or equivalent experience
3-5 years of recent banking experience related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), Customer Identification Program (CIP)and fraud monitoring and detection
Must be skilled at problem identification and resolution
Strong verbal and written communication skills
Excellent organizational and time management skills
Able to work independently and multitask as needed, with limited supervision
Ability to deal effectively and tactfully with personnel of other departments

Nice To Haves

In addition to BSA/AML/OFAC/CIP and fraud, significant knowledge of federal and state laws and regulations impacting the bank

Responsibilities

Investigates and clears assigned fraud alerts and identifies appropriate issues for escalation.
Identifies trends of suspicious financial activity, monitors and research suspicious financial transactions and takes appropriate action to minimize loss.
Assists with CIP reviews and Enhanced Due Diligence and Know Your Customer (KYC) reviews of higher risk clients
Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, AML and all other general related regulations.
Remains updated on all regulatory changes and court rulings as they relate to BSA, OFAC, AML, and compliance regulations.
Remains proficient in automated or manual systems used to detect fraud.
Acquires and applies foundational knowledge of the bank , its products, and processes to identify and recommend solutions and improvements that prevent and detect fraud activities.
Assists with examination preparation work, as needed.
Assists with any projects assigned to the Risk Management Department.