BSA & Fraud Analyst

Unclassified - Monona, WI

Full-time

Monona, WI

About the position

Join our team as a BSA & Fraud Analyst and play a key role in protecting our institution from financial crimes! In this position, you will dive into investigative work, analyzing suspicious activity, and ensuring compliance with cutting-edge fraud detection software like Verafin. If you're passionate about keeping financial systems safe while embracing challenges in a dynamic and collaborative environment, this is the perfect opportunity for you!

Responsibilities

• Monitor, investigate and clear alerts generated by Verafin or similar BSA/AML software for potential suspicious activities.
• Conduct detailed research and analysis of customer transactions, patterns, and behaviors to identify unusual or suspicious activity.
• Collaborate with internal departments to gather necessary information and documentation to resolve alerts.
• Document findings and escalate cases to the BSA Officer or Fraud Investigator when further investigation is required.
• Maintain thorough records of all actions taken and ensure timely clearing of alerts.
• Perform regular quality assurance and control reviews of internal processes related to BSA/AML compliance and fraud detection.
• Identify areas of improvement within existing processes and recommend changes to enhance effectiveness and efficiency.
• Prepare and present reports on findings from quality reviews, including any identified deficiencies, trends, or risks.
• Work closely with other financial crimes team members to ensure that policies and procedures are consistently applied and adhered to.
• Oversee the end-to-end process of Currency Transaction Reporting, including the accurate completion and timely filing of CTRs.
• Conduct annual reviews of CTR exemptions, ensuring all exempt customers meet regulatory criteria and maintain proper documentation.
• Collaborate with branch personnel to ensure compliance with CTR filing requirements and provide guidance on CTR-related issues.
• Stay informed about regulatory changes affecting CTR processes and update procedures accordingly.
• Assist in the development, implementation, and maintenance of the institution's BSA/AML program.
• Participate in internal and external audits and examinations, providing documentation and explanations as required.
• Keep abreast of emerging trends and typologies in financial crimes, adapting the institution's strategies to address new risks.
• Support the BSA Officer in training and educating staff on BSA/AML and fraud detection procedures.
• Participate in internal/external training as appropriate.
• Participate in community involvement/bank activities as appropriate.
• Perform all other duties as assigned or requested.

Requirements

• Associate degree in Accounting, Finance, or similar designation and/or one-two years equivalent work experience in a similar position required.
• Detailed knowledge of regulatory/compliance laws that govern the banking industry.
• Strong working knowledge of Microsoft Office including but not limited to Word and Excel and advanced computer/keyboarding/typing skills.
• Demonstrated problem solving skills with the ability to make sound business decisions.
• Analytical mindset with a strong attention to detail as well as the ability to work efficiently and accurately with minimal supervision.
• Flexibility with the ability to adapt to an ever-changing work environment.
• Strong organization skills, including the ability to prioritize and remain calm while working in a fast paced/deadline driven environment.
• Ability to maintain confidential client information.
• Ability to read, write, understand and speak English clearly.
• Ability to represent the organization in a professional, positive manner.

Nice-to-haves

• Bachelor's degree in Finance, Accounting, Business or similar discipline and/or 2-5 years related work experience in banking, security or related field.