Sr BSA Specialist

Frandsen Financial Corporation•Arden Hills, MN

7d•$60,000 - $85,000

About The Position

The Senior BSA/AML Specialist supports the BSA Officer in managing and strengthening the bank’s BSA/AML/OFAC program. The role includes advanced investigations, EDD review, risk assessment support, system tuning, and quality assurance. The ideal candidate has deep, practical experience using Verafin for AML/FRAML investigations and working knowledge of Fiserv systems and reporting.

Requirements

Bachelor's degree; or Associate degree with at least 7+ years of BSA/AML experience in a banking environment
Hands-on experience with Verafin, including alert handling, SAR filing, case management, and EDD workflows.
Comprehensive knowledge of BSA, USA PATRIOT Act, OFAC regulations, CDD/EDD rules, and beneficial ownership requirements.
Strong investigative, analytical, and SAR narrative writing skills.
Experience supporting regulatory exams and independent audits.
Ability to lead through influence, mentor analysts, and set investigative standards.

Nice To Haves

CAMS or CRCM certification
Knowledge of the following systems: Fiserv Premier and BPM
Experience with Verafin tuning, threshold optimization, model governance, or behavioral analytics settings
Understanding of data governance, UAT practices, or core system change management

Responsibilities

AML & CDD/EDD Investigations & Case Work (Verafin-Focused) Lead AML investigations using Verafin’s alerting and case management modules including typologies such as structuring, ACH/wire anomalies, sanctions alerts, and behavioral analytics.
Perform Enhanced Due Diligence (EDD) leveraging Verafin's EDD workflows, customer risk ratings, and ongoing monitoring triggers.
Core System & Data Interaction (Fiserv) Utilize Fiserv core system reporting to validate customer profiles, transactional records, and account activity as part of investigations.
Work with the BSA Officer and IT/Data teams on mapping validations, data transformation checks, and reconciliation between Fiserv and Verafin.
Assist with system enhancements, workflow changes, and control improvements within Fiserv that impact BSA/AML monitoring.
Program Governance & Support Assist with maintaining BSA/AML/OFAC policies and procedures; support updates to the Enterprise BSA/AML Risk Assessment.
Participate in Verafin alert optimization, scenario tuning, risk score calibrations, and testing changes in conjunction with data from Fiserv.
Maintain documentation for model governance (tuning decisions, testing results, and data validation).
Contribute to management reports summarizing Verafin alert volumes, risk trends, key metrics, and EDD findings.
Oversee missing industry and unscored customer industry/occupation codes within Verafin.
Support 314b collaboration.
Regulatory Exams & Audits Assist with reporting, case exports, SAR documentation, and tuning evidence for examinations.
Assist in responding to audit or exam requests related to Verafin tuning, BSA systems interfaces, Fiserv data quality, and customer risk rating methodology.
Quality Assurance, Training & Team Leadership Perform QC on alert dispositions, SARs, EDD cases, CTRs, and supporting documentation.
Serve as a subject-matter expert for both Verafin functionality and how Fiserv data feeds support AML monitoring.
OFAC / Sanctions Compliance Review OFAC screening alerts (from Verafin or Fiserv integrated modules).
Maintain documentation of decisioning and assist in testing sanctions screening performance.
Cross-Functional Interaction Partner with Retail, Commercial Lending, Treasury, Operations, Risk, Fraud, and IT/Data.
Support onboarding reviews for high-risk customers with Treasury/Cash Management products and RDC.
Participate in system changes, UAT, or new product reviews that involve data movement from Fiserv to Verafin.