BSA Fraud Analyst III

HomeTrust Bank; Asheville, Charlotte (NC, NC); On-site; USD 75,000 - 110,000; Full time

Job summary

HomeTrust Bank is seeking a Senior BSA Fraud Analyst III to evaluate potentially suspicious activity escalated through the bank’s monitoring system and to prepare information for SAR filing. The role includes specialization in BSA, CIP, and OFAC programs, with responsibilities spanning regulatory compliance and thorough documentation.

The candidate will manage complex tasks, support junior analysts, and ensure timely, accurate risk assessments while upholding confidentiality and policy adherence

Qualifications

• Thorough knowledge of money laundering and/or fraud scenarios.
• 5+ years in BSA/Fraud or equivalent combination of education and experience.
• Ability to exercise judgment following broad guidelines and manage multiple tasks.
• Strong documentation and organizational skills to support regulatory compliance.
• Excellent verbal and written communication with staff at all levels.

Responsibilities

• Evaluate suspicious activity escalated through the bank’s alert monitoring system.
• Contribute to SAR drafting for review and filing.
• Coordinate next steps in response to fraud or suspicious activity, including notifications to law enforcement.
• Manage specialties assigned by the BSA Officer (OFAC, CIP, CTR, SAR QC, data reporting).
• Perform quality control, risk assessments, and management reporting for assigned areas.
• Serve as subject matter expert on regulatory topics and participate in bank projects.
• Document reviews, research, and conclusions clearly to defend decisions.
• Provide support to lower-level BSA Fraud Analysts as needed.
• Maintain confidentiality and comply with all policies and regulations.

Skills

BSA/AML knowledge

Fraud investigations

Regulatory compliance

Documentation & record-keeping

Analytical reasoning

Communication skills

Confidentiality

Problem solving

Education

High school diploma

Bachelor's degree

Job description

The BSA Fraud Analyst III is responsible for evaluating and concluding on potential suspicious activity that has been escalated through the bank’s alert monitoring system or referred by other departments, and for preparing information for Suspicious Activity Report (SAR) filing. This role will also be assigned areas of specialization in support of the bank’s Bank Secrecy Act (BSA), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) programs.

Key Responsibilities / Essential Functions

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

• Evaluate potential suspicious activity escalated through new cases, 90-day SAR reviews, and Internal SAR (ISAR) reviews.
• Participate (in varying levels based on experience) in the process of concluding on suspicious activity and drafting SARs for review and filing.
• Participate (in varying levels based on experience) in the process of determining and recommending additional next steps in response to fraud or suspicious activity, including disabling services, closing accounts, and contacting law enforcement or adult protective services.
• Independently manage specialties assigned by the BSA Officer, including OFAC compliance, CIP and customer due diligence, currency transaction report (CTR), SAR quality control, departmental data reporting, and fraud case manager, demonstrating ownership of the timeliness and effectiveness of each function.
• Perform any regular quality control, compliance tests, risk assessments, or management reporting associated with assigned specialties.
• Serve as a subject matter expert for regulatory topics associated with areas of specialty, responding to questions from the field and serving on any bank projects impacting the area of specialty.
• Effectively document reviews, research, and conclusions in defense of decisions and recommendations.
• Act as a backup and remain current on all responsibilities associated with the BSA Fraud Analyst I and II position.
• Provide support to BSA Fraud Analyst I and II when the BSA Officer/BSA AML Fraud Manager is unavailable.
• Manage daily tasks and longer-range projects according to agreed upon schedule and keep BSA Officer updated on progress and status.
• 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 regulation 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 equivalent.

Required:

• 5+ years of total experience with 3+ years in BSA/Fraud or an equivelnt combination of education and experience.
• Thorough knowledge of money laundering and/or fraud scenarios such as but not limited to terrorist financing, human trafficking, elder financial exploitation, check kiting, and other various fraud schemes.
• Requires continuous exercise of judgment following broad guidelines. Identifies and selects complex choices of action where standard practices may not exist. Must be able to accommodate detailed work, problem solving, reasoning, math, presentations, verbal communication, written communication, analytical reasoning, training others, multiple concurrent tasks and constant interruptions.
• Ability to maintain detailed documentation to support research and demonstrate compliance with regulations and internal policies and procedures using excellent organizational skills.
• Effective verbal, written, and interpersonal communication skills with the ability to instruct others, train personnel, write reports, correspondence, and procedures, and speak clearly and effectively with staff at all levels.
• Able to exercise utmost confidentiality, self-starter and without close supervision.
• Serve as subject matter expert in current money laundering and fraud trends.

Preferred:

• Bachelor's Degree.
• Knowledge of audit techniques.

About HomeTrust Bank

HomeTrust Bank, founded in 1926, is a North Carolina chartered, community-focused financial institution committed to providing value-added community banking through online/mobile channels and multiple locations in Virginia, North Carolina, South Carolina, Tennessee, and Georgia. Learn more at www.htb.com.

Work Environment, Physical Requirements

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. HomeTrust Bank promotes an equal employment opportunity workplace which includes reasonable accommodation of qualified applicants and employees.

• This job operates in a professional office environment and routinely uses standard office equipment such as computers, phones, photocopiers, and scanners.
• Specific vision abilities required by this position include close vision, distance vision, and the ability to adjust focus.
• Physical activity requiring reaching, sifting, lifting to 25 lbs., finger dexterity, grasping, feeling, repetitive motions, talking and hearing are required.
• The employee will frequently communicate and must be able to exchange accurate information with others.
• The employee may need to move around their office to attend meetings and to access files, machinery, or other job-related tools.

DISCLAIMER: HomeTrust Bank is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

HomeTrust Bank's policy is to provide equal employment opportunities to all persons regardless of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, genetic information, protected veteran status, or any other characteristic protected by federal law. Employment decisions will be based on valid job requirements and business needs, and we administer personnel action (including recruitment, selection, promotion, compensation, benefits, transfers, layoffs, training, and social/recreation programs) without discrimination on any prohibited basis.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.