BSA Analyst

DR Bank; Darien, Northern (CT, KY); Hybrid; USD 75,000 - 90,000; Full time

Job summary

DR Bank seeks a BSA Analyst reporting to the BSA Officer to ensure compliance with BSA/AML/CTF regulations, OFAC, and fraud prevention across the bank.

Responsibilities include reviewing alerts, filing SARs/CTRs, conducting investigations, performing EDD reviews on high-risk customers, and collaborating with FinTech partners to meet regulatory requirements.

Qualifications

• 5+ years of job-related experience in AML/BSA/OFAC and fraud controls.
• Experience with Verafin and LaaS/BaaS in payments ecosystem preferred.
• Knowledge of federal and state regulations and ability to interpret regulatory changes.

Responsibilities

• Review and clear alerts on AML/Fraud System.
• File SARs and CTRs; initiate and respond to 314 requests.
• Conduct investigations and manage cases in AML platform.
• Perform EDD reviews on High-Risk Customers.
• Collaborate with FinTech partners and business lines for regulatory alignment.
• Monitor compliance and escalate non-compliance per procedures.
• Conduct QC reviews of LaaS programs and support audits/exams.
• Identify fraud trends and implement mitigating controls.

Skills

Financial crimes investigations

Analytical thinking

Regulatory knowledge

Communication skills

Hands-on AML/BSA/OFAC

Education

High school diploma or equivalent

College degree

Advanced degree

Tools

Verafin

Job description

The BSA Analyst will report to the BSA Officer. This position will play a critical role in ensuring compliance with BSA/AML/CTF Regulations, OFAC, and Fraud prevention

ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:

DR Bank is looking for a proficient individual that is highly experienced and passionate about innovative banking while ensuring compliance with AML/BSA/CTF and OFAC regulations.

• Review and clear alerts on the AML/Fraud System.
• Review and clear alerts generated from 314(a) information requests.
• Initiate and respond to 314(b) requests.
• Conduct investigations on suspicious activity and manage cases within the AML platform.
• File SARs and CTRs.
• Review and clear OFAC alerts received from Branches and Deposit Operations.
• Conduct EDD reviews on High-Risk Customers.
• Collaborate with multiple stakeholders, FinTech partners, and business lines to ensure alignment with regulatory requirements and industry best practices.
• Monitor compliance with requirements across Retail Banking and FinTech programs and ensure timely reporting and escalation of non-compliance in accordance with established procedures.
• Conduct QC reviews of LaaS programs to ensure applicable laws are adhered to.
• Provide audit and examination support to ensure successful audits and exams and promptly address any findings.
• Identify trends in relation to fraud and develop mitigating controls to address inherent fraud risk.
• Attend job related seminars, webinars, and conferences as needed to keep abreast of regulatory changes and trends.
• Perform other functions as assigned by the BSA Officer.

KNOWLEDGE, SKILLS and ABILITIES:

• Financial crimes investigations.
• Superior analytical and critical thinking skills.
• Hands-on experience with the day-to-day operations of AML/BSA/OFAC and Fraud.
• Knowledge of federal and state regulations and keep up to date with the ever-changing regulatory requirements.
• Ability to convey complex subjects in a manner easily understood by others.
• Excellent communication and interpersonal skills.
• Self-starter, problem solver, ability to multi-task, and thrive on delivering results.
• Must be able to work independently while remaining a team player

EDUCATION/EXPERIENCE REQUIREMENTS

• High school diploma or equivalent work experience.
• College degree or equivalent work experience.
• Advanced degree or equivalent experience.

Required Years of Work Experience: 5+

PREFERRED KNOWLEDGE SKILLS AND EXPERIENCE FOR THIS JOB:

Preferred Education/Experience:

• At least 5 years of job-related experience.
• Experience with Verafin.
• Experience with FinTech LaaS and BaaS with a specialized focus on the payment’s ecosystem.
• Comfortable adapting to and thriving in a dynamic, fast paced environment.

Preferred Licenses/Certifications

CAMS or CFE or willing to take examination to become certified.

Salary Range

$75,000 – $90,000 annually