Grand Bank - BSA​/AML Compliance Analyst

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 Asset 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 (in both the Bank's core and specialty software) 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 transactions accounts, and activities to identify potential money laundering, fraud, structuring, elder abuse, identify theft, and other financial crimes.
• Establish and maintain appropriate Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in compliance with regulatory deadlines. Ensure SAR/CTR investigations, reviews, and reporting processes to 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 the Bank's 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; escape issues in accordance with NACHA thresholds and Bank policy.
• Review ACH return reason codes (e.g., R05, R07, R10) to identify potential fraud, account takeover, or unauthorized activity patterns.
• Monitor and review the deposit procedures of the Bank to: (i) develop recommendations for enhancement of compliance policies and procedures and for remediating compliance deficiencies; (ii) communicating deposit compliance violations and recommended action(s) as necessary; and (iii) help reduce customer and internal fraud.
• Monitor and analyze activity through available reporting.
• Perform transaction monitoring and fraud analysis across channels, including deposit, ACH, and credit card activity, to identify emerging risks and trends.
• Examine data and initiate/maintain appropriate SAR investigations, reviews and reports processes that promote consistent decisions; adequate investigation and research; and complete detailed documentation. Work alerts from fraud monitoring software, including decisioning and documenting if further investigation is necessary.
• Detect and respond to fraud alerts and assist in internal investigations involving financial crimes or account takeovers.
• Monitor and work credit card fraud alerts, including card‑not‑present (CNP), authorization anomalies, and suspected account takeover activity; document investigations and escalation 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 conducting enhanced due diligence reviews for customers…