BSA Analyst

Description

Job purpose:

At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB’s engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.

The BSA Analyst will play a key role in protecting the Bank and its Strategic Partners from financial crime while gaining hands-on experience across all areas of AML/CFT compliance. Working alongside the Senior BSA Manager, this role offers exposure to strategic partner onboarding, new product due diligence, and real-world investigations. The BSA Analyst will contribute to transaction testing, suspicious activity investigations and SAR preparation, 314(a) Information Sharing, as well as support special projects that strengthen the Bank’s AML/CFT program.

What You'll Do:

• Partner with the Senior BSA Manager to perform due diligence on new strategic partners and products.
• Work closely with internal teams to facilitate oversight and ensure compliance with AML/CFT requirements.
• Conduct transaction testing and quality reviews to evaluate the effectiveness of monitoring controls.
• Investigate unusual or suspicious activity by analyzing customer behavior and transaction patterns, documenting findings, and assisting with the preparation of Suspicious Activity Reports (SARs).
• Review and disposition alerts from transaction monitoring and sanctions screening systems, identifying red flags and escalating cases as needed.
• Support 314(a) information sharing requests and maintain thorough, accurate records.
• Assist in monitoring and oversight of strategic partners to identify and mitigate financial crime risks.
• Contribute to special projects and initiatives that enhance the Bank’s AML/CFT program.
• Stay current on AML/CFT regulatory developments and apply emerging best practices to daily work.

Requirements

What We're Looking For:

• Bachelor’s degree or equivalent work experience.
• 2+ years in the AML/CFT/OFAC field within a financial institution or related environment.
• Knowledge of BSA/OFAC/Fraud functions.
• Strong problem-solving and critical thinking skills, with the ability to identify patterns and analyze complex information. Acknowledge and observe strict confidentiality requirements.
• Excellent written and verbal communication skills to clearly document and present findings.
• Ability to determine best course of action/make sound recommendations for correction of testing/monitoring findings.
• High attention to detail and strong organizational skills, with the ability to manage multiple priorities.
• Demonstrated adaptability, curiosity, and willingness to learn in a fast-changing environment.
• Ability to work collaboratively across teams and build strong professional relationships.
• Strong working knowledge of all Microsoft Office products, including Word, Excel, Outlook, and Power Point.
• Preferred Qualifications: Bachelor’s degree in finance, accounting, business, or other banking related field.
• Professional Certification such as CAMS, CFCS, CFE, or equivalent.
• Experience working in a bank, fintech, or with Fintech partnerships.
• Familiarity with transaction monitoring systems, case management platforms, and regulatory reporting requirements.