Investigates and clears assigned fraud alerts and identifies appropriate issues for escalation
Identifies trends of suspicious financial activity
Monitors and research suspicious financial transactions and takes appropriate action to minimize loss
Assists with CIP reviews and Enhanced Due Diligence and Know Your Customer (KYC) reviews of higher risk clients
Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, AML and all other general related regulations
Remains updated on all regulatory changes and court rulings as they relate to BSA, OFAC, AML, and compliance regulations
Remains proficient in automated or manual systems used to detect fraud
Acquires and applies foundational knowledge of the bank, its products, and processes to identify and recommend solutions and improvements that prevent and detect fraud activities
Assists with examination preparation work, as needed
Assists with any projects assigned to the Risk Management Department

Bachelor’s degree or equivalent experience
3-5 years of recent banking experience related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC) , Customer Identification Program (CIP) and fraud monitoring and detection
Must be skilled at problem identification and resolution
Strong verbal and written communication skills
Excellent organizational and time management skills
Able to work independently and multitask as needed, with limited supervision
Ability to deal effectively and tactfully with personnel of other departments
In addition to BSA/AML/OFAC /CIP and fraud, significant knowledge of federal and state laws and regulations impacting the bank

BSA-AML Fraud Analyst

Key skills