Bank Secrecy Act Analyst
Summary
The BSA Fintech Analyst plays a key role in supporting the oversight and execution of Dickinson Financial Corporation's ("DFC") BSA/AML Program within the Banking-as-a-Service (BaaS) segment. Reporting to the Director of BSA, this position is responsible for managing critical components of the Fintech BSA/AML framework in close collaboration with leadership. The Analyst contributes to DFC's mission of delivering BaaS solutions in a safe, sound, and compliant manner by identifying, monitoring, investigating, and reporting suspicious activities related to fraud, money laundering, and other potential violations of law. This role ensures timely and accurate completion of all related tasks and reporting obligations, maintaining strong alignment with regulatory expectations and internal standards.
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.
Skills
• Strong analytical skills with the ability to conduct thorough and logical investigations.
• Ability to understand and work with complex concepts independently, with minimal guidance.
• Adaptability and flexibility in managing shifting priorities, deadlines, and high-volume workflows in a fast-paced environment.
• Proven ability to build and maintain effective working relationships across departments and with external partners.
• High level of professionalism and discretion in handling sensitive and confidential information.
• Keen ability to recognize and assess potentially suspicious client activity.
• Excellent interpersonal, verbal, and written communication skills.
• Strong time management skills with the ability to work independently and collaboratively within a team.
• Exceptional attention to detail, problem-solving abilities, and a commitment to producing high-quality work.
• Proficiency in Microsoft Word and Excel.
• Self-driven and results-oriented with a proactive approach to responsibilities.
• Well-developed organizational skills with the ability to manage multiple tasks efficiently.
Education & Experience
• Bachelor's degree in business administration, Finance, or a related field or equivalent professional experience in a relevant domain.
• Minimum of 3-4 years of hands-on experience conducting investigations in BSA/AML compliance. Required.
• Strong understanding of Banking-as-a-Service (BaaS), Fintech, and/or traditional banking operations and systems. Required.
• Proficiency with BSA/AML interdiction software is required. Familiarity with platforms such as Verafin or Unit21 is preferred.
• Demonstrated ability to make timely, high-quality decisions in complex or ambiguous situations. Strong analytical and critical thinking skills are essential.
Physical Requirements
The work environment is typical of a standard office or retail banking setting. The position is sedentary, involving sitting most of the workday; however, the position will involve moving about the workspace to reach entrances/exits, restrooms, conference rooms, or other areas within the work environment. Reaching may be required involving the ability to move arms in any direction. Office equipment, such as a computer and telephone, will be used requiring the ability to manipulate a keyboard, mouse, and/or keypad. The ability to decipher a computer screen or written documents is necessary. The ability to express or exchange ideas; impart information to clients, coworkers, or the public; or to convey detailed or important instructions; is required. The ability to receive and understand detailed information shared through oral or written communication is required. Position requires lifting and/or the exerting of up to 10 pounds of force.
Benefits
Full-time associates are eligible for our benefits package:
• Medical
• Dental
• Vision
• 401(k) plan
• Company paid life insurance
• Short and Long-term disability insurance
• Company paid vacation, paid leave and holidays
This position will remain open until a qualified applicant is hired.
