Grand Bank - BSA​/AML Compliance Analyst

Position Summary

BSA/AML Compliance Analyst. The BSA/AML Compliance Analyst is responsible for assisting with the implementation and maintenance of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Office of Foreign Assets Control (OFAC), the US Patriot Act, and fraud detection and prevention programs. The role will support internal strategies, policies, and procedures to inhibit regulatory violations in these areas and ensure appropriate parameters are in place to identify suspicious and/or fraudulent activity within the Bank’s financial systems, including affiliate/third party vendors.

The successful candidate must demonstrate applied knowledge of BSA/AML, Fraud, OFAC, USA Patriot Act, KYC/CIP, FFIEC, and FinCEN guidance. The role will include periodic reporting to the Bank’s leadership team and assisting the Bank’s BSA/AML & Fraud Officer as needed. The role is critical in protecting the Bank from financial crimes and reputational risk and the successful candidate must balance diligence in fraud prevention with thoughtful customer service.

The BSA/AML Compliance Analyst reports to the Bank’s BSA/AML & Fraud Officer.

• Monitor daily transaction reports and alerts for suspicious activity using the Bank’s BSA/AML & Fraud software, assist with system administration for compliance monitoring software, and support data analysis initiatives.
• Conduct comprehensive reviews of customer transaction accounts and activities to identify potential money laundering, fraud, structuring, elder abuse, identity theft, and other financial crimes.
• Establish and maintain Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in compliance with regulatory deadlines; ensure SAR/CTR investigations, reviews, and reporting processes promote consistent decisions, adequate investigation and research, and completion of detailed documentation.
• Administer and enhance the BSA/AML, Fraud, OFAC, and USA Patriot Act monitoring systems to ensure appropriate parameters are in place to identify suspicious and/or fraudulent activity at the Bank and its affiliate/third party vendors.
• Review and analyze customer accounts, wire transfers, ACH activity, cash transactions, and other high‑risk areas.
• Monitor and analyze ACH activity for unauthorized transactions, return rates, and fraud trends; elevate issues in accordance with NACHA thresholds and Bank policy.
• Review ACH return reason codes (R05, R07, R10) to identify potential fraud, account takeover, or unauthorized activity patterns.
• Review and analyze the deposit procedures of the Bank to develop recommendations for enhancement of compliance policies and procedures, communicate deposit compliance violations and recommended actions, and help reduce customer and internal fraud.
• Perform transaction monitoring and fraud analysis across channels, including deposit, ACH, and credit card activity, to identify emerging risks and trends.
• Investigate and document alerts from fraud monitoring software, including decisioning and documenting if further investigation is necessary.
• Respond to fraud alerts and assist in internal investigations involving financial crimes or account takeovers.
• Monitor and work credit card fraud alerts, including card‑present and card‑not‑present anomalies, and suspected account takeover activity; document investigations and elevate as appropriate.
• Assist with chargeback and dispute research by gathering transaction data, validating fraud indicators, and supporting Reg E/Reg Z requirements.
• Support the BSA/AML & Fraud Officer in validating KYC/CIP and conducting customer due diligence and risk assessment analysis of personal and commercial customer relationships, and conduct enhanced due diligence reviews for higher‑risk customers.
• Complete 314(a) system validation.
• Communicate with staff at all levels of the organization, including branch, back office, and Bank leadership.
• Assist with internal and external audits and regulatory exams, oversee corrective actions of related compliance deficiencies, assist with fraud and operational loss investigations, and assist with annual risk assessments.
• Assist in the preparation of periodic fraud and…