BSA Fraud Analyst II

HomeTrust Bank•Greenville, SC

About The Position

The BSA Fraud Analyst II investigates transaction monitoring alerts and potential fraud to identify money laundering, fraud, or other suspicious activity. The role also assists the BSA Officer in maintaining the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) program, Customer Identification Program (CIP), and compliance with Office of Foreign Assets Control (OFAC) regulations. The analyst researches individuals and entities, documents investigation findings, escalates potential suspicious activity according to procedures, manages assigned alerts, and contributes to development of the bank’s detection functions. The position requires maintaining the confidentiality and security of sensitive information and complying with applicable corporate policies, laws, regulations, and required training. The position operates in a professional office environment and routinely uses standard office equipment, including computers, phones, photocopiers, and scanners. Physical activities include reaching, shifting, lifting up to 25 pounds, finger dexterity, grasping, feeling, repetitive motions, talking, and hearing. The employee frequently communicates and may move around the office to attend meetings and access files, machinery, or other job-related tools. Reasonable accommodations may be made for qualified applicants and employees.

Requirements

High school diploma or GED.
At least 1 year of BSA or fraud experience.
Basic knowledge of bank administration, lending and operations products and services, applicable state and federal laws and regulations, and bank operational policies and procedures.
Understanding of general banking compliance regulations and laws.
Knowledge of databases and websites used to investigate suspicious activity, including money laundering, terrorist financing, human trafficking, elder financial exploitation, check kiting, and other fraud schemes, as well as related policies, procedures, regulations, and industry best practices.
Ability to maintain detailed documentation supporting research and demonstrating compliance with regulations and internal policies and procedures.
Excellent organizational skills.
Ability to interact with bank personnel to obtain customer information for suspicious activity investigations.
Strong time management and analytical skills.
Ability to maintain confidentiality of bank and customer information.
Ability to work with minimal close supervisory attention.
Proficiency in Microsoft Office products.

Nice To Haves

Associate or bachelor’s degree.
Previous retail banking experience.
Knowledge of audit techniques.

Responsibilities

Investigate money laundering, fraud, and wire alerts from automated monitoring systems, including Financial Crimes Risk Manager and Guardian Analytics Wire, and determine whether activity is suspicious and warrants escalation or other action.
Investigate potential fraud referred to the department by bank branches and other departments.
Research individuals and entities using public-domain sources and database search services to support investigations and customer due diligence.
Escalate potential suspicious activity after review, investigation, and any additional research required by procedures and protocols.
Document investigation scope and results as required by procedures.
Manage alert volumes and daily assignments in coordination with the supervisor.
Assist with further development of the bank’s money laundering and fraud detection functions.
Conduct periodic research on BSA, AML, and fraud topics.
Serve as a subject matter expert on specific regulatory topics, such as CIP, OFAC, and customer due diligence.
Maintain the confidentiality and security of sensitive information.
Follow corporate policies and procedures, applicable federal and state laws and regulations, and required annual compliance training.
Support identification, detection, and deterrence of money laundering and other unlawful activities by following BSA, AML, CIP, and OFAC requirements, as well as applicable lending and consumer compliance regulations, including fair lending laws.
Perform other duties and special projects as assigned.