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 owns assigned areas of specialization supporting the bank’s Bank Secrecy Act (BSA), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) programs. The analyst evaluates new cases, 90-day SAR reviews, and Internal SAR (ISAR) reviews; contributes to suspicious-activity conclusions, SAR drafting, and recommendations for responses such as disabling services, closing accounts, or contacting law enforcement or adult protective services. The role independently manages assigned specialties, associated quality control, compliance testing, risk assessments, and management reporting, and serves as a subject matter expert for related regulatory topics. The position requires detailed documentation of reviews and decisions, support for BSA Fraud Analyst I and II staff, and management of daily work and longer-term projects. It operates in a professional office environment and requires maintaining confidentiality, following corporate policies and applicable laws and regulations, and completing mandatory annual compliance training. Other duties and special projects may be assigned.

Requirements

High school diploma or equivalent.
At least 5 years of total experience, including at least 3 years in BSA or 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 select among complex courses of action when standard practices may not exist.
Ability to handle detailed work, problem solving, reasoning, math, presentations, verbal and written communication, analytical reasoning, training others, multiple concurrent tasks, and interruptions.
Ability to maintain detailed documentation supporting research and demonstrating compliance with regulations and internal policies and procedures, using strong 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 independently without close supervision.
Ability to serve as a subject matter expert on current money laundering and fraud trends.

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 that affect those specialties.
Document reviews, research, and conclusions to support decisions and recommendations.
Act as a backup and remain current on responsibilities associated with BSA Fraud Analyst I and II positions.
Support BSA Fraud Analyst I and II when the BSA Officer or BSA AML Fraud Manager is unavailable.
Manage daily tasks and longer-range projects according to agreed schedules and keep the BSA Officer informed of progress and status.
Maintain confidentiality and security of sensitive information.
Follow corporate policies and procedures and applicable 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 assist in identifying, detecting, and deterring money laundering and other unlawful activity.
Perform other duties and special projects as assigned.