BSA Fraud Analyst

First National Bank of America • East Lansing, MI

3d • Onsite

About The Position

First National Bank of America is seeking an analytical and detail oriented BSA Fraud Analyst to join the BSA team. This position performs various reviews and monitoring pertaining to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Program, OFAC, and Customer Identification Program to ensure the bank’s compliance efforts are maintained on a daily basis. The analyst performs detailed reviews of account activity, compares financial data, and ensures compliance with internal policies and regulatory standards. This role works closely with internal departments to support the onboarding and monitoring of accounts and loans while supporting the front line and mitigating risk. The ideal candidate will demonstrate sound and accurate judgement, confidentiality, adaptability and strong organization and time management.

Requirements

• One year of banking, risk, compliance, or accounting experience with an emphasis in compliance or operations OR a bachelor’s degree in a business-related field
• Initiative to drive operational efficiency and accuracy
• Excellent oral and written communication skills
• Working knowledge of Jack Henry Core Banking Software and Verafin Fraud Monitoring Software
• Working knowledge of Microsoft Office Programs

Responsibilities

• Determines if transactions are suspicious in nature such as significant changes in balances, cash structuring in deposits, wire or ACH transfers, monetary instrument sales, new account openings, etc., and escalates them within the BSA Department
• Maintains current knowledge of the Bank Secrecy Act and all related anti-money laundering and OFAC regulations
• Perform daily, bi-weekly and monthly reviews, monitoring, and analysis of various reports, logs, and transaction data to identify trends, unusual activity, and to monitor large currency activity
• Conduct comprehensive daily and monthly reviews of client accounts using analytical tools to identify unusual or suspicious activity patterns and to ensure all transactions align with internal compliance frameworks and regulatory standards
• Prepares and submits Currency Transaction Reports (CTRs) within the required timeframe
• Continues to build proficiency of BSA techniques and AML principals by attending internal and external training

Benefits

• Medical – Multiple plans to choose from including HSA and traditional. Premiums as low as $0.00
• Dental – Premiums as low as $0.00
• Vision – Low premium Plan
• Discounted childcare
• Pet Insurance
• Paid Time Off (PTO)
• 401k with employer match
• Adjustable desks that can be raised or lowered to sit or stand

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level