BSA Analyst - Due Diligence

First Electronic; Salt Lake City (UT); Hybrid; USD 60,000 - 90,000; Full time

Job summary

First Electronic Bank (FEB) seeks an AML/CFT Due Diligence Analyst to support the AFC Due Diligence program. You will assist with reviews of prospective strategic partners, partnerships, and new products, analyzing ownership, business models, and geographic exposure.

You will collect documents, conduct adverse media and sanctions checks, document findings, and summarize risks for management. The role requires 2+ years in AML/CFT, regulatory knowledge, and strong communication.

Qualifications

• Associate's degree or equivalent finance-related experience.
• 2+ years in AML/CFT, OFAC, fraud, or risk in financial services.
• Knowledge of BSA/AML and regulatory principles.
• Strong analytical and communication skills.

Responsibilities

• Assist in AFC due diligence reviews of prospective strategic partners, partnership programs, and new products or services.
• Review organizational information, ownership structures, business models, customer profiles, transaction types, marketing strategies, and geographic exposure.
• Collect and analyze due diligence documentation, including policies, procedures, risk assessments, governance materials, and compliance program documentation.
• Perform research to identify potential AFC, sanctions, fraud, reputational, and regulatory risks.
• Conduct adverse media, sanctions, enforcement action, and regulatory background reviews.
• Document findings and summarize identified risks for management review.
• Contribute to special projects and initiatives that enhance the Bank’s AML/CFT program.
• Stay current on AML/CFT regulatory developments and apply emerging best practices to daily work.

Skills

AML knowledge

OFAC

Fraud prevention

Risk assessment

Research & analysis

Documentation

Communication

Confidentiality

Education

Associate degree

CAMS/CFCS/CFE (preferred)

Tools

MS Office Suite

Job description

At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB’s engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.

The BSA Analyst – Due Diligence supports the Bank’s Anti-Financial Crime (AFC) Due Diligence Program by assisting with the review and assessment of prospective Strategic Partners, partnership programs, and new products. Working under the direction of the Senior BSA Manager, AFC Due Diligence, this role performs research, analysis, documentation reviews, and risk assessments to help identify potential AML, sanctions, fraud, and other financial crime risks associated with proposed business initiatives.

What You'll Do:

• Assist in conducting AFC due diligence reviews of prospective Strategic Partners, partnership programs, and new products or services.
• Review organizational information, ownership structures, business models, customer profiles, transaction types, marketing strategies ,and geographic exposure.
• Collect and analyze due diligence documentation, including policies, procedures, risk assessments, governance materials, and compliance program documentation.
• Perform research to identify potential AFC, sanctions, fraud, reputational, and regulatory risks.
• Conduct adverse media, sanctions, enforcement action, and regulatory background reviews.
• Document findings and summarize identified risks for management review.
• Contribute to special projects and initiatives that enhance the Bank’s AML/CFT program.
• Stay current on AML/CFT regulatory developments and apply emerging best practices to daily work.

Requirements

What We're Looking For:

• Associate’s degree in Business, Finance, Criminal Justice, Risk Management, Compliance, or a related field, or equivalent experience.
• 2+ years of experience in the AML/CFT, OFAC, fraud, compliance, risk management, investigations, or related financial services role within a financial institution or related environment
• Knowledge of BSA/AML, OFAC, fraud prevention, and financial crime compliance principles.
• Strong analytical and critical thinking skills.
• Acknowledge and observe strict confidentiality requirements.
• Ability to review and evaluate information, identify risks, and document findings.
• Excellent written and verbal communication skills.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple projects and deadlines simultaneously.
• Demonstrated adaptability, curiosity, and willingness to learn in a fast-changing environment.
• Ability to work collaboratively across teams and build strong professional relationships.
• Strong working knowledge of all Microsoft Office products, including Word, Excel, Outlook, PowerPoint, and Teams.

Preferred qualifications:

• Professional Certification such as CAMS, CFCS, CFE, or equivalent.
• Experience working in a bank, fintech, or with Fintech partnerships.
• Experience conducting research, investigative reviews, or regulatory analysis.
• Knowledge of financial crime risks associated with digital banking, payments, lending or fintech products.