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Academy Bank · 4 months ago

Bank Secrecy Act Analyst

Kansas City, MO

Full-time

Onsite

Mid Level

Academy Bank is focused on delivering Banking-as-a-Service solutions, and they are seeking a BSA Fintech Analyst to support their BSA/AML Program. The Analyst will manage critical components of the Fintech BSA/AML framework, ensuring compliance with regulations and investigating suspicious activities.

BankingFinancial Services

Responsibilities

Support the development and ongoing maintenance of BaaS-related policies and procedures in alignment with current regulations, including BSA, AML, CIP, and OFAC requirements

Assist the Director of BSA in evaluating prospective Fintech partners through interviews, policy and procedure reviews, and risk assessments

Monitor daily BSA/AML/CFT and OFAC-related activities of BaaS partners to ensure timely and effective investigation of suspicious or potentially fraudulent transactions

Compile and prepare data for reporting to various levels of management, including the Board of Directors

Gather and organize documentation for BSA/AML-related exams, audits, model validations, law enforcement inquiries, subpoenas, and other regulatory requests

Respond to Section 314(a) Patriot Act search requests by collecting and documenting relevant information

Ensure regulatory reports are prepared accurately, submitted on time, and properly documented and retained

Investigate and draft recommendations for BaaS-related Suspicious Activity Reports (SARs), ensuring thorough and accurate reporting

Maintain quality control standards for all BaaS-related report filings

Collaborate with other business units to streamline and improve compliance-related processes

Actively engage in professional development, including one-on-one meetings, departmental discussions, and other assigned BSA compliance duties

Attend BSA/AML training sessions to stay current on industry best practices, laws, regulations, and internal policies

Conduct all responsibilities in full compliance with applicable laws, regulations, and bank policies

Communicate with branch associates and other departments to clarify client activity, while maintaining strict confidentiality

Make sound, risk-based decisions and recommendations regarding client activity, including escalation or continued monitoring as needed

Protect all client and bank information confidentially and follow all company policies

Understand, communicate, and instill the Company’s mission, vision, and values (Pillars of Success)

Complete monthly training in a timely manner to ensure knowledge of bank regulatory requirements, policies, and procedures

Working at the worksite during regular business hours and/or assigned hours

Other specified duties as assigned

Qualification

BSA/AML complianceFraud investigationRegulatory reportingRisk assessmentPolicy developmentProfessional developmentCommunication skillsConfidentiality

Required