BSA & Fraud Analyst

Fleetwood Bank Corporation; Fleetwood (Berks County); On-site; USD 70,000 - 100,000; Full time

Job summary

Fleetwood Bank is seeking a BSA & Fraud Analyst to bolster compliance with BSA/AML/OFAC, and to protect customers from financial crime. You will monitor activities, lead investigations, and prepare SARs/CTRs while supporting KYC/CIP processes.

The role involves collaborating with Compliance, Audit, and Information Security, with potential growth into BSA Officer. Background checks are required.

Qualifications

• Bachelor's degree in Finance, Business, or related field.
• 2-3 years knowledge of BSA/AML/OFAC, US PATRIOT Act laws and regulations and bank fraud.
• Strong knowledge of lending and deposit products.
• Certifications such as CAMS, CFE, CRCM preferred.

Responsibilities

• Monitor transactions using BSA/AML/OFAC and Fraud software; complete alerts and manage investigations.
• Lead fraud investigations and ensure timely detection and response.
• Prepare and submit SARs and CTRs as required.
• Review new accounts for KYC/CIP compliance.
• Perform CDD/EDD reviews to assess customer risk.
• Maintain BSA/AML/OFAC and Fraud reporting and documentation.
• Assist in developing and delivering training for staff.
• Collaborate with stakeholders on risk assessments and mitigation.

Skills

BSA/AML/OFAC

Fraud investigations

KYC/CIP

Communication

Verafin

Education

Bachelor's degree

Tools

Verafin

Job description

At Fleetwood Bank every customer is more than just an account number - they're a neighbor, a friend, and a vital part of the community we serve. We take pride in safeguarding not only their financial well-being but also the integrity of our institution.

As our BSA & Fraud Analyst, you'll be at the heart of our compliance efforts, ensuring we meet and exceed regulatory standards while protecting our customers from financial crime.

If you're detail-oriented, driven by purpose, and ready to make a tangible impact in a place where your work truly matters, we'd love to welcome you to our team.

The BSA & Fraud Analyst is responsible for ensuring compliance with the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, Office of Foreign Assets Control (OFAC), the USA PATRIOT Act and Bank fraud. This role involves monitoring for suspicious activities, leading investigations, and handling fraud-related incidents and reporting. The Analyst assists in maintaining and ensuring the effectiveness of the BSA/AML/OFAC program by staying current with relevant regulations, managing internal controls, reviewing daily alerts, and overseeing high-risk customer relationships.

Additionally, the Analyst supports Information Security, compliance, audit, and deposit administration functions through periodic reviews, internal audits, and collaboration on Business Continuity and Disaster Recovery Plans, under the supervision of the Compliance Manager and BSA Officer. There is opportunity for the selected individual to grow into the BSA Officer role.

• Use BSA/AML/OFAC and Fraud software to monitor transactions and identify suspicious activities, completing alerts and managing open investigation; Experience with Verafin is a plus.
• Maintain forward looking view of BSA/AML/OFAC and Fraud systems with the ability to make recommendations for change and updates.
• Lead investigations into fraud-related incidents, ensuring timely detection and response.
• Prepare and submit Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) as required by regulations.
• Review new account packets to ensure compliance with Know Your Customer (KYC) requirements and Customer Identification Program (CIP).
• Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews to assess customer risk profiles and identify potential red flags.
• Manage and distribute BSA/AML/OFAC and Fraud Reporting
• Maintain day-to-day BSA/AML/OFAC and Fraud operational process and tracking systems.
• Ensure adherence to BSA/AML/OFAC and Fraud regulations and internal policies, maintaining accurate records and documentation.
• Assist or develop and deliver BSA/AML/OFAC and Fraud training programs for bank staff.
• Work closely with internal stakeholders to conduct risk assessments and recommend mitigation strategies.
• All other duties as assigned.

Qualifications:

Bachelor's degree in Finance, Business, or a related field

2-3yearsof knowledge and experience in current BSA/AML/OFAC, US PATRIOT ACT laws and regulations and Bank fraud with the ability to identify potential needs for Bank policy changes.

Sound knowledge in lending and deposit banking products

Certified Anti-Money Laundering Specialist(CAMS),Certified Fraud Examiner (CFE), Certified Regulatory Compliance Manager (CRCM), or other relevant certifications preferred.

Strong working knowledge of technology systems supporting BSA/AML/OFAC and Fraud activities.

Quantitative and qualitative analytical and problem-solving

Strong interpersonal skills, with the ability to establish relationships internally and externally.

Strong written and verbal communication

Ability to work independently and collaboratively in a high-pressure environment

All job offers are contingent upon completion of a criminal background check.