BSA Fraud Analyst III

Job Summary

The BSA Fraud Analyst III is responsible for evaluating and concluding on potential suspicious activity that has been escalated through the bank’s alert monitoring system or referred by other departments, and for preparing information for Suspicious Activity Report (SAR) filing.

This role will also be assigned areas of specialization in support of the bank’s Bank Secrecy Act (BSA), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) programs.

Key Responsibilities / Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 


* Evaluate potential suspicious activity escalated through new cases, 90-day SAR reviews, and Internal SAR (ISAR) reviews.


* Participate (in varying levels based on experience) in the process of concluding on suspicious activity and drafting SARs for review and filing.


* Participate (in varying levels based on experience) in the process of determining and recommending additional 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 report (CTR), SAR quality control, departmental data reporting, and fraud case manager, demonstrating ownership of the timeliness and effectiveness of each function.


* Perform any regular quality control, compliance tests, risk assessments, or management reporting associated with assigned specialties.


* Serve as a subject matter expert for regulatory topics associated with areas of specialty, responding to questions from the field and serving on any bank projects impacting the area of specialty.


* Effectively document reviews, research, and conclusions in defense of decisions and recommendations.


* Act as a backup and remain current on all responsibilities associated with the BSA Fraud Analyst I and II position.


* Provide support to BSA Fraud Analyst I and II when the BSA Officer/BSA AML Fraud Manager is unavailable.


* Manage daily tasks and longer-range projects according to agreed upon schedule and keep BSA Officer updated on progress and status.


* Maintain confidentiality and security of sensitive information.


* Adhere to all corporate policies and procedures, Federal and State regulations, and laws. 


* Complete all mandatory annual compliance training. 


* Follow regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection, and determent of money laundering and other unlawful activities, as well as regulation pertaining to lending and consumer compliance to include fair lending laws. 


* Perform other duti...