BSA Third Party Oversight Analyst

Evolve Careers • Memphis, TN

15h

About The Position

The BSA Third Party Oversight Analyst will support the BSA Third Party Oversight Team (BSA-TPOT) on the implementation of the BSA Initial Review, ongoing Third Party Oversight Review, Critical Service Provider (CSP) Review, and KYC Manual Review programs as directed by the BSA-TPOT Team. This individual will be focused on leading the aforementioned reviews of direct and indirect fintechs, aggregators, and independent sales organizations (ISOs), collectively partners, and CSPs, including their policies, procedures, in-house or third party vendor solutions, and other supplementary documentation. The individual will have a deep understanding of BSA/AML and CTF laws, the current regulatory climate, and be well-versed within fintech Open Banking. The BSA Third Party Oversight Analyst will demonstrate strong, competent knowledge of current regulatory requirements, relevant financial industry knowhow, a deep understanding of Evolve Bank & Trust’s standards, and excel in communicating this both verbally and written to partners, CSPs, management, and other departments within the bank.

Requirements

• At least 5-7 years of experience of banking regulatory requirements(e. BSA/AML, OFAC).
• Ongoing knowledge of BSA/AML requirements and Evolve standards around, including The Bank Secrecy Act, US Patriot Act, and OFAC. 
• Experience with analyzing complex company legal structures and use cases. 
• Ability to gather, organize, interpret, and communicate information in a timely, accurate, courteous, and professional manner.
• Personal initiative and ownership of productivity outcomes.
• Strong understanding of regulatory requirements of banks and their customers.
• Experience conducting routine reviews or audits of fintech, bank compliance, and/or third party vendor programs, including conducting gap analyses on policies and procedures, understanding in-house or third party vendor solutions, assessing the findings of independent BSA/AML Audits, and leading Know Your Customer (KYC) Know Your Business (KYB) Audits.
• Strong understanding of laws and regulations, as well as Evolve banks.
• The ability to meet strict deadlines, set target dates, and manage partner and bank expectations in order to consistently stay on track.
• Dedication to resolving pending queries or concerns in a timely manner.
• Strong verbal and written communication and interpersonal skills.
• Good attention to detail(e. analytical skillset, strong research ability, identify and resolve complex issues). 
• Experience onboarding both U.S.-based and foreign platforms.
• Experience in implementation of new BSA/AML and OFAC.
• A motivated individual who thrives in a dynamic, open-plan work.

Nice To Haves

• ACAMS, CRCM preferred. 
• The BSA Third Party Oversight Analyst is the face of BSA for Evolve’s Open Banking Division.

Responsibilities

• Ensure fintechs, aggregators, ISOs, and CSPs are reviewed to confirm regulatory compliance and adherence to Evolve’s standards through independent, accurate, and critical review of partner and CSP policies and procedures.
• Serve as the BSA/AML subject matter expert for partners, able to lead meetings regarding how to modify existing policies or tune workflows or rules with in-house our third party vendor solutions to improve identity verification, transaction monitoring, and fraud detection.
• Understand fintech platform structures and validate documentation to ensure compliance with internal procedures.
• Identify potential BSA/AML concerns, handle issues independently, and escalate appropriately to BSA management during the review process. 
• Aid in maintaining scalable BSA-TPOT procedures, manage procedure repository, develop and brand applicable digital or PDF bank forms, and adhere to the established system of tracking and reporting on reviews.
• Manage multiple expectations, drive productivity, answer questions, and resolve issues of partners, BSA management, and other bank departments accurately and articulately via meeting and email in a highly customer-facing. 

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed