BSA Fraud Analyst II

HomeTrust Bank•Asheville, NC

About The Position

The BSA Fraud Analyst II works assigned transaction-monitoring alerts to identify potential money laundering, fraud, or 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 position investigates alerts and referrals, conducts research to support investigations and customer due diligence, escalates potential suspicious activity, and documents findings according to established procedures. It also helps develop the bank’s money laundering and fraud detection functions, researches BSA, AML, and fraud topics, and serves as a subject matter expert on assigned regulatory topics. The role requires protecting confidential information and complying with corporate policies, laws, and regulations. The job operates in a professional office environment and routinely uses standard office equipment. Physical requirements include vision for close and distant work, adjusting focus, reaching, sifting, lifting up to 25 pounds, finger dexterity, grasping, feeling, repetitive motions, talking, hearing, and moving around the office to attend meetings or access files and equipment. 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, relevant 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 other 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 with 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 under alert procedures.
Investigate potential fraud referred to the department by branches and other bank 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 appropriate review, investigation, and research, following procedures and protocols.
Document investigation scope and results as required by procedures.
Manage alert volumes and daily assignments in coordination with the supervisor.
Assist in developing 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 assigned regulatory topics, such as CIP, OFAC, and customer due diligence.
Maintain confidentiality and security of sensitive information.
Follow corporate policies and procedures, federal and state regulations, and laws.
Complete mandatory annual compliance training.
Follow BSA, AML, CIP, OFAC, lending, consumer-compliance, and fair-lending requirements to help identify, detect, and deter money laundering and other unlawful activities.
Perform other duties and special projects as assigned.