Job Description

Department: Risk Management

Reports To: SVP – BSA Officer

Direct Reports: None

FLSA Status: Exempt

Summary: The Senior BSA AML/CFT Analyst is a subject matter expert responsible for the daily execution, monitoring, and ongoing enhancement of First Bank of the Lake’s compliance program with the Bank Secrecy Act (BSA), USA PATRIOT Act, Office of Foreign Assets Control (OFAC), and Anti-Money Laundering (AML) regulations. This individual plays a key role in working with the SVP BSA Officer to strengthen the Bank’s BSA/AML and Countering the Financing of Terrorism (CFT) framework, particularly in areas related to FinTech partnerships, Banking-as-a-Service (BaaS), and other high-risk portfolios. The role requires advanced investigative skills, a strong understanding of regulatory expectations, and the ability to drive compliance innovation while ensuring effective risk mitigation.

Compensation is based on geographic location and individual pay decisions will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

Job Functions:

• Serves as a senior-level resource for interpreting and applying BSA/AML/OFAC/CFT laws and regulations, especially within evolving FinTech and BaaS ecosystems.
• Leads the analysis and risk assessment of high-risk client segments, including FinTech Partners, payment platforms, crypto-adjacent firms, and other non-traditional banking entities.
• Develops and implements enhanced due diligence (EDD) protocols and transaction monitoring strategies tailored for BaaS partner onboarding, oversight, and periodic reviews.
• Proactively monitors FinTech partner activity, identifies red flags and trends, and leads investigations of suspicious activity, including preparation and filing of Suspicious Activity Reports (SARs).
• Provides leadership and guidance to junior analysts and serve as a mentor and escalation point for complex cases.
• Oversees, maintains, and understands government regulations and compliance controls with the BSA, USA Patriot Act, OFAC, AML, and all other applicable rules and regulations. Prepares and presents reports as needed to ensure senior management and the Board is apprised of the bank’s BSA AML/CFT program status.
• Acts as regulatory compliance liaison with regulators, examiners, and auditors on issues of BSA AML/CFT compliance as requested by the SVP BSA Officer.
• Acts as a resource for the bank, in concert with business unit managers, to implement and/or revise appropriate BSA AML/CFT policies, procedures, and practices to ensure compliance with regulatory requirements.
• Works closely with the SVP BSA Officer to update the bank’s BSA AML/CFT risk assessment to sufficiently address the risks associated with the bank’s customers, products, services and geographical locations. This includes preparing and maintaining effective Identity Theft and Customer Identification Programs (CIP).
• Provides enthusiastic and professional BSA AML/CFT compliance service to all employees responding to the day-to-day compliance questions. Develops and nurtures an effective BSA AML/CFT compliance culture across all delivery channels and departments.
• Serves as a primary resource for investigative techniques and advice. Oversees decision making processes designed to identify, review, and report terrorist financing, money laundering schemes, structuring, high-risk customers, and accounts prohibited by rules and regulations. This includes, but is not limited to: AML investigations, monitoring accounts for suspicious activity, enhanced due diligence functions, and customer error resolution reporting. Furthermore identifying high-risk, cash intensive customers including Money Services Businesses (MSB).
• Manages, reviews, and files all BSA AML/CFT reports within regulatory required timeframes. This includes but is not limited to: CTRs, DOEPs, monetary instruments log, SARs, and FinCEN reports.
• Maintains proficient knowledge of the BSA, the USA PATRIOT Act, the OFAC, and AML rules and regulations. Partners with Employee Development to review and maintain the bank’s job specific BSA AML/CFT training program ensuring compliance with policies, procedures, and applicable state and federal laws and regulations. This includes monitoring participation, employee feedback, and the effectiveness of each training program.
• Performs additional responsibilities and duties as assigned or requested by the SVP BSA Officer for the purpose of facilitating corporate objectives.
• Must complete all required training, including BSA/AML training suitable to their position within the bank.

Education and Experience:

• High school graduate.
• 5–8 years of progressive experience in BSA/AML compliance, with demonstrated knowledge of FinTech and/or BaaS partnerships.
• Proven expertise conducting transaction monitoring and due diligence for high-risk industries or non-traditional financial services.
• Strong analytical, problem-solving, and project management skills.
• Exceptional written and verbal communication skills, with the ability to translate complex regulatory concepts into practical guidance.
• Ability to work independently and collaboratively in a fast-paced, evolving environment.
• CAMS or similar industry-recognized certification a plus.
• Experience using AML monitoring systems and GRC tools is a plus.

Skills and Competencies:

• Self-starter that demonstrates excellent work habits with the ability to define clear objectives while collecting appropriate information and developing action plans that result in workable solutions.
• Excellent analytical abilities to analyze a complex set of data while furthermore extracting information critical to quantifying the potential regulatory exposure to the organization.
• Exceptional personal and project management/organizational skills with the ability to manage multiple complex projects simultaneously while maintaining outstanding attention to detail.
• Unquestionable integrity, objectivity, probing inquisitiveness, and a high tolerance for stress under adversarial conditions with the ability to resolve conflict and miscommunications.
• Demonstrates flexibility and the ability to work independently, as well as a member of a team.
• Excellent computer skills including the functionality of all Microsoft Office programs. Must be able to interpret data utilizing computer screens, fiche, filmed document copies, and paper documents.
• Must be able to be bonded.

Physical Requirements:

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift up to 25 pounds at times.

Work Arrangement:

• This position is remote.
• Occasional travel as needed for training or meetings.

EEO Statement:

We are an equal-opportunity employer. All qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, or any other protected category.

All offers of employment shall be subject to the successful completion of all pre-employment screenings, verifications, and processes. Failure to comply with these processes or failure to successfully pass all phases of the pre-employment screening will result in a withdrawal of the employment offer.

Other Duties:

Please note that this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee for this job. Duties, obligations, and activities may change at any time, with or without notice.

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Dental insurance
• Life insurance
• Paid time off
• Vision insurance
• Short- and Long-term disability
• Company-paid holidays

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