BSA Fraud Analyst III

HomeTrust Bank•Asheville, NC

About The Position

The BSA Fraud Analyst III evaluates potential suspicious activity escalated through the bank’s alert monitoring system or referred by other departments, and prepares information for Suspicious Activity Report (SAR) filing. The role also takes ownership of assigned areas supporting the bank’s Bank Secrecy Act (BSA), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) programs. The analyst manages assigned specialties, performs related quality control, compliance tests, risk assessments, and management reporting, and serves as a subject matter expert for associated regulatory topics. The role documents research and conclusions, supports BSA Fraud Analyst I and II staff, manages daily tasks and longer-term projects, and follows applicable regulations, laws, and corporate policies. The position operates in a professional office environment and routinely uses standard office equipment.

Requirements

High school diploma or equivalent.
At least 5 years of total experience, including at least 3 years in BSA/Fraud, or an equivalent combination of education and experience.
Thorough knowledge of money laundering and/or fraud scenarios, including terrorist financing, human trafficking, elder financial exploitation, check kiting, and other fraud schemes.
Ability to exercise judgment within broad guidelines and identify complex courses of action when standard practices may not exist.
Ability to perform detailed work, problem solving, reasoning, math, presentations, verbal and written communication, analytical reasoning, training others, and multiple concurrent tasks amid interruptions.
Ability to maintain detailed documentation supporting research and demonstrating compliance with regulations and internal policies and procedures.
Excellent organizational skills.
Effective verbal, written, and interpersonal communication skills, including the ability to instruct and train personnel, write reports, correspondence, and procedures, and communicate clearly with staff at all levels.
Ability to maintain utmost confidentiality and work as a self-starter without close supervision.
Ability to serve as a subject matter expert on current money laundering and fraud trends.
Ability to meet the physical demands described, including lifting up to 25 pounds, reaching, finger dexterity, grasping, feeling, repetitive motions, talking, and hearing; communicate and exchange accurate information; and move around the office to attend meetings and access files or equipment.
Vision abilities including close vision, distance vision, and the ability to adjust focus.

Nice To Haves

Bachelor’s degree.
Knowledge of audit techniques.

Responsibilities

Evaluate potential suspicious activity escalated through new cases, 90-day SAR reviews, and Internal SAR (ISAR) reviews.
Participate in concluding on suspicious activity and drafting SARs for review and filing.
Participate in determining and recommending next steps in response to fraud or suspicious activity, including disabling services, closing accounts, and contacting law enforcement or adult protective services.
Independently manage specialties assigned by the BSA Officer, including OFAC compliance, CIP and customer due diligence, currency transaction reports (CTR), SAR quality control, departmental data reporting, and fraud case management.
Perform quality control, compliance tests, risk assessments, and management reporting associated with assigned specialties.
Serve as a subject matter expert on regulatory topics related to assigned specialties, respond to questions from the field, and serve on bank projects affecting those specialties.
Document reviews, research, and conclusions to support decisions and recommendations.
Act as a backup for responsibilities associated with BSA Fraud Analyst I and II positions and support those analysts when the BSA Officer/BSA AML Fraud Manager is unavailable.
Manage daily tasks and longer-range projects according to agreed schedules and update the BSA Officer on progress and status.
Maintain confidentiality and security of sensitive information.
Adhere to corporate policies and procedures, federal and state regulations, and laws; complete mandatory annual compliance training.
Follow BSA, AML, CIP, OFAC, lending, and consumer compliance requirements, including fair lending laws, to help identify, detect, and deter money laundering and unlawful activities.
Perform other duties and special projects as assigned.