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SmartBiz is on a mission to transform small business banking. SmartBiz is the leading technology-powered small business financing platform equipping entrepreneurs with access to the right capital at the right time. To date, we've connected borrowers with more than $9 billion in funding while increasing efficiency for our network of banks and trusted lending partners. More than 230,000 entrepreneurs have utilized our platform to access the funding they need to grow, with 60%+ of loans made to minority, women, or veteran-owned businesses. Position Overview: * Assist and support the CRO and management with the execution of the Bank's Bank Secrecy Act/Anti-Money Laundering Program and related procedures in accordance with Bank's policies, procedures, and applicable federal regulations. * Ensure daily data imports for BSA related operations between bank systems occurs successfully. Review and resolve any non-validated transactions or data transfers. * Perform various customer and transaction reviews, including 314(a), OFAC, and high risk transactions. * Prepare Currency Transaction Reports (CTR) and ensure the information in the monitoring system is ready for filing. * Obtain documentation and assist with Suspicious Activity Report (SAR) investigations and perform follow-up reviews as necessary. * Review CTR exemption customer reporting. * Investigate, research and analyze alerts/ cases involving suspicious activity and present them to the CRO for review. * Prepare Suspicious Activity Reports (SAR) and 90-day follow-up Suspicious Activity Reports to FinCEN through the Bank's monitoring system Abrigo BAM+ for the BSA Officer's review. * Review documentation for new business and consumer accounts and verify risk rating assigned to accounts per the Bank's risk rating criteria. * Monitoring all accounts that are rated as high risk in accordance with the established monitoring schedule. * Support the CRO in ad hoc fraud investigations. * Assist with examinations conducted by regulatory and audit. * Perform periodic reviews for high risk and medium risk customers. * Perform other duties or complete projects as assigned.
