BSA & Fraud Analyst – AML, SARs & OFAC Specialist

Digitailor; Northbrook (IL); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Mission-driven culture

Competitive compensation

Employer-paid insurance

401(k) plan

Flexible vacation

Job summary

SmartBiz Bank in Northbrook, IL is seeking a BSA/AML Compliance Analyst to support the BSA Officer in implementing and maintaining AML, OFAC, and fraud prevention programs. The role requires in-office presence five days a week and offers exposure to high-quality regulatory practice within a national small-business banking focus.

You will monitor data, review alerts and cases, prepare SARs/CTRs, and assist with regulatory examinations and audits, contributing to a robust compliance program and

Qualifications

• 2 years of related work experience in compliance, fraud, anti-money laundering and Bank Secrecy Act compliance in the financial services industry.
• Knowledge of Bank Secrecy Act regulatory requirements, including CTRs, OFAC CDD and SARs.
• Experience with banking systems and anti-money laundering monitoring tools, such as Abrigo BAM+ or other AML monitoring systems.
• Understanding of financial crime detection and prevention techniques.

Responsibilities

• Monitor daily data imports into the Bank’s BSA/AML monitoring system to ensure data accuracy and completeness.
• Identify, investigate and resolve data validation errors or transmission issues.
• Review and investigate transaction monitoring alerts and cases to identify unusual or potentially suspicious activities.
• Draft initial and continuing SARs for the BSA Officer’s review and approval.
• Prepare Currency Transaction Reports (CTRs) and verify reporting information for FinCEN.
• Conduct OFAC sanctions screening and Section 314(a) reviews.
• Review new customer documentation and risk ratings for BSA/AML compliance.
• Investigate potential fraud involving loans, altered documents, identity theft, or other suspicious activities.

Job description

SmartBiz Bank in Northbrook, IL is seeking a BSA/AML Compliance Analyst to support the BSA Officer in implementing and maintaining AML, OFAC, and fraud prevention programs. The role requires in-office presence five days a week and offers exposure to high-quality regulatory practice within a national small-business banking focus.

You will monitor data, review alerts and cases, prepare SARs/CTRs, and assist with regulatory examinations and audits, contributing to a robust compliance program and