BSA-AML Fraud Analyst Bank

Minneapolis, MN - USA

Yearly Salary: $ 55187 - 74665

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

The BSA/AML/Fraud Analyst assists the Bank s BSA Officer in areas related to compliance with the Bank Secrecy Act regulations issued by the Office of Foreign Assets Control (OFAC) Financial Crimes Enforcement Network (FinCEN) and all other related anti-money laundering (AML) laws and regulations. They assist in the implementation of our BSA/AML program support training efforts are responsible for preventing responding to investigating resolving and reporting fraud participate in briefings of management and staff on BSA/AML compliance issues and responds to BSA/AML questions.

DUTIES & RESPONSIBILITIES:

Investigates and clears assigned fraud alertsand identifiesappropriate issuesfor escalation.

Identifiestrends of suspicious financial activitymonitorsandresearchsuspicious financial transactionsand takesappropriate actionto minimize loss.

Assists withCIP reviews andEnhanced Due Diligence and Know Your Customer (KYC)reviews ofhigherriskclients

Assistsin ensuring complete compliance with the Bank Secrecy Act OFAC AMLand all other general related regulations.

Remainsupdated on all regulatory changes and court rulings as they relate to BSA OFAC AML and compliance regulations.

Remains proficient in automated or manual systems used to detect fraud.

Acquiresand applies foundational knowledge of thebankitsproducts and processes toidentifyand recommend solutions and improvements that prevent and detectfraudactivities.

Assistswith examination preparation work as needed.

Assistswith any projects assigned to the Risk ManagementDepartment.

Describebelowthe audiencethis role will interact withand level of influencethey willhave on those roles.

This roll will interact with the following:

InternalStaff(including managers):Assist with providing answers to BSA/AML/OFAC/CIP and fraud related questionsrelatedcoaching or training andcollaborateon system or procedural changes.

Clients:Gather information explain account closuredecisionsand discuss fraudulent activity on their account.

Law Enforcement:Respond to requests for information and contact them when applicable.

Auditors:Assistwithgatherinformation requested for an audit.

External vendor: Assist with review and implementation of changes to the system.

QUALIFICATIONS & SKILLS:

Required:

Bachelors degree or equivalent experience

3-5years of recent banking experience related to the Bank Secrecy Act (BSA) Anti-Money Laundering (AML) Office of Foreign Assets Control (OFAC) Customer Identification Program (CIP)and fraud monitoring and detection

Must be skilled at problem identification and resolution

Strong verbal and written communication skills

Excellent organizational and time management skills

Able to work independently and multitask as needed with limited supervision

Ability to deal effectively and tactfully with personnel of other departments

Preferred:

In addition to BSA/AML/OFAC/CIPand fraud significant knowledge offederal and statelaws and regulationsimpactingthebank

Pay Transparency

Thrivents long-term growth depends on attracting rewarding and retaining people who are committed to helping others thrive with purpose. We accomplish this by offering a wide variety of market competitive compensation programs to attract reward and retain top talent. The applicable salary or hourly wage range for this full-time role is $55187.00 - $74665.00 per year which factors in various geographic regions. The base pay actually offered will be determined by a variety of factors including but not limited to location relevant experience skills and knowledge business needs market demand and other factors Thrivent deems important.

Thrivent is unique in our commitment to helping people to be wise with money and live balanced and generous lives. That extends to our benefits.

The following benefits may be offered: various bonuses (including for example annual or long-term incentives); medical dental and vision insurance; health savings account; flexible spending account; 401k; pension; life and accidental death and dismemberment insurance; disability insurance; supplemental protection insurance; 20 days of Paid Time Off each year; Sick and Safe Time; 10 paid company holidays; Volunteer Time Off; paid parental leave; EAP; well-being benefits and other employee benefits. Eligibility for receipt of these benefits is subject to the applicable plan/policy documents. Thrivents plans/policies are subject to change at any time at Thrivents discretion.

Thrivent provides Equal Employment Opportunity (EEO) without regard to race religion color sex gender identity sexual orientation pregnancy national origin age disability marital status citizenship status military or veteran status genetic information or any other status protected by applicable local state or federal law. This policy applies to all employees and job applicants.

Thrivent is committed to providing reasonable accommodation to individuals with disabilities. If you need a reasonable accommodation please let us know by sending an email toor calland request Human Resources.

Required Experience:

DUTIES & RESPONSIBILITIES:

Investigates and clears assigned fraud alertsand identifiesappropriate issuesfor escalation.

Identifiestrends of suspicious financial activitymonitorsandresearchsuspicious financial transactionsand takesappropriate actionto minimize loss.

Assists withCIP reviews andEnhanced Due Diligence and Know Your Customer (KYC)reviews ofhigherriskclients

Assistsin ensuring complete compliance with the Bank Secrecy Act OFAC AMLand all other general related regulations.

Remainsupdated on all regulatory changes and court rulings as they relate to BSA OFAC AML and compliance regulations.

Remains proficient in automated or manual systems used to detect fraud.

Acquiresand applies foundational knowledge of thebankitsproducts and processes toidentifyand recommend solutions and improvements that prevent and detectfraudactivities.

Assistswith examination preparation work as needed.

Assistswith any projects assigned to the Risk ManagementDepartment.

Describebelowthe audiencethis role will interact withand level of influencethey willhave on those roles.

This roll will interact with the following:

InternalStaff(including managers):Assist with providing answers to BSA/AML/OFAC/CIP and fraud related questionsrelatedcoaching or training andcollaborateon system or procedural changes.

Clients:Gather information explain account closuredecisionsand discuss fraudulent activity on their account.

Law Enforcement:Respond to requests for information and contact them when applicable.

Auditors:Assistwithgatherinformation requested for an audit.

External vendor: Assist with review and implementation of changes to the system.

QUALIFICATIONS & SKILLS:

Required:

Bachelors degree or equivalent experience

3-5years of recent banking experience related to the Bank Secrecy Act (BSA) Anti-Money Laundering (AML) Office of Foreign Assets Control (OFAC) Customer Identification Program (CIP)and fraud monitoring and detection