Fraud BSA Analyst

Gbank; United States; Remote; USD 60,000 - 85,000; Full time

Job summary

GBANK is seeking a Fraud/BSA Analyst to assist with fraud and BSA/AML transaction monitoring for the Bank’s FinTech program. The Analyst will promote compliance with applicable rules and regulations, and support investigations and inquiries with regulators and auditors.

The role involves reviewing alerts, performing Enhanced Due Diligence for higher risk customers, and coordinating with FinTech partners to identify suspicious activity.

Qualifications

• Bachelor's degree from a 4-year college or university; 2 years experience in a bank, gaming company, or payment services risk analyst role or the equivalent combination of education and experience is preferred but not required.
• CAMS or other Fraud or BSA/AML certification is a plus.
• Knowledge of Bank Secrecy Act (BSA)/AML regulations and related compliance requirements.
• Experience dealing with or preparing materials for regulatory exams and audits.

Responsibilities

• Upholds the Bank's core values of Integrity, Respect, and Excellence.
• Assists in supporting BSA/AML compliance efforts in monitoring activity involving FinTech partners.
• Reviews alerted activity and makes recommendations or dispositions.
• Identifies and escalates potentially suspicious or unusual activity with FinTech partners.
• Performs Enhanced Due Diligence for higher risk customers per policy.
• Performs Know Your Customer (KYC) and CIP policy compliance reviews.
• Assists with independent third-party audits and regulatory exams; coordinates responses to auditors.
• Assists with annual policy and risk assessments; ensures reporting and recordkeeping requirements are met.
• Provides administrative support to the BSA/AML team and other departments as needed.

Skills

Analytical thinking

Interpersonal communication

Time management

Problem solving

Regulatory knowledge

Education

Bachelor's degree

Tools

Word processing

Spreadsheets

Mainframe

PC operation

Job description

The Fraud/BSA Analyst (“Analyst”) primarily assists with fraud and BSA/AML transaction monitoring for the Bank’s FinTech program. The Analyst will be required to promote compliance with applicable rules and regulations as well as fraud and AML prevention and detection. This may also include responding to inquiries from regulatory agencies, auditors, and other internal and external inquiries. The Analyst will work within the team to ensure compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations. While these are the initial job duties, the Bank may modify the job functions based on the bank and department needs.

ESSENTIAL DUTIES:

• Upholds, at all times, the Bank’s Core Values of: Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
• Delivers on the Bank’s tagline of “Your Best Banking Experience – Ever!” by reinforcing the application of superior customer service by demonstration, along with appropriate follow through with involved customers and employees.
• Assists in supporting BSA/AML compliance efforts in the Bank with a focus on monitoring and oversight of activity involving the Bank’s FinTech partners.
• Contribute to the Bank’s transaction monitoring efforts by reviewing alerted activity and making recommendations or dispositioning said alerts.
• Work with the Bank’s FinTech partners to identify and escalation potentially suspicious or unusual activity.
• Assists in the performance of Enhanced Due Diligence (EDD) for the Bank’s higher risk customers consistent with the Bank’s policies and procedures.
• Performs QC reviews ensuring compliance with the Bank’s Know Your Customer (KYC) and Customer Identification Program (CIP) policies.
• Monitors, detects and reports potential suspicious or fraudulent activities throughout the Bank on an as need basis.
• Provides administrative support to other members of the BSA/AML team as well as other departments, as needed.
• Helps other departments and stakeholders as needed by answering questions, responding to requests or ad hoc projects.
• Complies with federal and state law as well as the Bank’s BSA/AML policies, enforcing adherence to requirements and advising management on needed actions.
• Assists with independent third-party audits and regulatory exams; makes necessary preparations for such audits or exams; coordinates responses to external auditors and regulatory examiners; ensures deficiencies identified from such audits and examinations are tracked and corrected.
• Assists with reviewing policies, procedures and risk assessments on an annual basis to ensure reflection of bank’s practices and changes to regulations.
• Assists with ensuring compliance with all applicable reporting and recordkeeping requirements.
• Other duties as assigned.

SUPERVISORY RESPONSIBILITY:

The position of BSA/Fraud Analyst is not responsible for supervision of any employee(s).

MENTAL DEMANDS

This position requires the ability to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MINIMUM REQUIREMENTS

• Bachelor’s degree from a 4-year college or university; and 2 years experience in a bank, gaming company, or payment services risk analyst role or the equivalent combination of education and experience is preferred but not required. CAMS or other Fraud or BSA/AML certification is a plus.
• Basic knowledge of Bank administration, lending, and operations products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Some experience and basic knowledge in operational and lending activities and terminology.
• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
• Experience dealing with or preparing materials for BSA and Fraud regulatory exams and audits.
• Excellent organizational and time management skills.
• Advanced skills in computer terminal and personal computer operation; mainframe computer system; word processing and spreadsheet software programs.
• Intermediate typing skills to meet production needs of the position.
• Exceptional verbal, written and interpersonal communication skills.
• Ability to solve complex problems involving multiple facets and variables in non-standardized situations.
• Ability to sit for extended periods of time, operate a computer and telephone.
• This position requires writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Management reserves the right to change this position description at any time according to business needs.