BSA Fraud Analyst II

Job Summary

The BSA Fraud Analyst II is primarily responsible for working assigned transaction monitoring system alerts to detect potential money laundering, fraud, or suspicious activity.

This position will also assist the BSA Officer to maintain the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) program, the Customer Identification Program (CIP), and regulations issued by the Office of Foreign Assets Control (OFAC).

Key Responsibilities / Essential Functions

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


* Investigate money laundering, fraud, and wire alerts produced by the bank’s automated monitoring systems, including Financial Crimes Risk Manager and Guardian Analytics Wire, to determine if activity is suspicious and warrants escalation to a case or further action in accordance with specific alert procedures.


* Investigate potential fraud referred to the department from branches and other departments within the bank.


* Conduct research on individuals and entities utilizing both public domain and database search services in support of investigations and customer due diligence requirements.


* Escalate potential suspicious activity after a thorough review, investigation, and any additional research needed in accordance with procedures and protocol.


* Document investigation scope and results as required by procedures.


* Manage alert volumes and daily assignments in coordination with supervisor.


* Assist in the further development of the bank’s money laundering and fraud detection functions.


* Conduct periodic research on a variety of BSA, AML, and fraud topics.


* Serve as a subject matter expert on specific regulatory topics, such as Customer Identification Program, OFAC, and customer due diligence.


* 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 regulations pertaining to lending and consumer compliance to include fair lending laws. 


* Perform other duties and special projects as assigned. 

Job Requirements

Education:


* Highschool diploma or GED required.

Required:


* 1+ Years BSA/Fraud Experience


* Basic knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations and other Bank operational policies and procedures.


* Understanding of general banking compliance regulations and laws.


* Knowledge of databases and websites used in the investigation...