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Evolve Bank & Trust · 2 weeks ago

BSA Third Party Oversight Analyst

Memphis, TN

Full-time

Onsite

Senior Level

5+ years exp

Evolve Bank & Trust is a financial institution seeking a BSA Third Party Oversight Analyst to support their BSA Third Party Oversight Team. The role focuses on ensuring compliance with regulatory standards and conducting reviews of fintechs and service providers, requiring a deep understanding of BSA/AML laws and strong communication skills.

BankingFinanceFinancial ServicesPayments

Senior Management

Responsibilities

Ensure fintechs, aggregators, ISOs, and CSPs are reviewed to confirm regulatory compliance and adherence to Evolve’s standards through independent, accurate, and critical review of partner and CSP policies and procedures

Serve as the BSA/AML subject matter expert for partners, able to lead meetings regarding how to modify existing policies or tune workflows or rules with in-house our third party vendor solutions to improve identity verification, transaction monitoring, and fraud detection

Understand fintech platform structures and validate documentation to ensure compliance with internal procedures

Identify potential BSA/AML concerns, handle issues independently, and escalate appropriately to BSA management during the review process

Aid in maintaining scalable BSA-TPOT procedures, manage procedure repository, develop and brand applicable digital or PDF bank forms, and adhere to the established system of tracking and reporting on reviews

Manage multiple expectations, drive productivity, answer questions, and resolve issues of partners, BSA management, and other bank departments accurately and articulately via meeting and email in a highly customer-facing

Qualification

BSA/AML knowledgeRegulatory complianceFintech experienceACAMS certificationCRCM certificationAnalytical skillsCommunication skillsAttention to detailProject management

Required

At least 5-7 years of experience of banking regulatory requirements(e. BSA/AML, OFAC)

Ongoing knowledge of BSA/AML requirements and Evolve standards around, including The Bank Secrecy Act, US Patriot Act, and OFAC

Experience with analyzing complex company legal structures and use cases

Ability to gather, organize, interpret, and communicate information in a timely, accurate, courteous, and professional manner

Personal initiative and ownership of productivity outcomes

Strong understanding of regulatory requirements of banks and their customers

Experience conducting routine reviews or audits of fintech, bank compliance, and/or third party vendor programs, including conducting gap analyses on policies and procedures, understanding in-house or third party vendor solutions, assessing the findings of independent BSA/AML Audits, and leading Know Your Customer (KYC) Know Your Business (KYB) Audits

Strong understanding of laws and regulations, as well as Evolve banks

The ability to meet strict deadlines, set target dates, and manage partner and bank expectations in order to consistently stay on track

Dedication to resolving pending queries or concerns in a timely manner

Strong verbal and written communication and interpersonal skills. The BSA Third Party Oversight Analyst is the face of BSA for Evolve's Open Banking Division

Good attention to detail(e. analytical skillset, strong research ability, identify and resolve complex issues)

Experience onboarding both U.S.-based and foreign platforms

Experience in implementation of new BSA/AML and OFAC

A motivated individual who thrives in a dynamic, open-plan work