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BSA-AML Fraud Analyst - Bank

Thrivent
Full-time
On-site
Minneapolis, Minnesota, United States
$55,187 - $74,665 USD yearly

      

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 alerts and identifies appropriate issues for escalation.

  • Identifies trends of suspicious financial activity, monitors and researches suspicious financial transactions and takes appropriate action to minimize loss.  

  • Assists with CIP reviews and Enhanced Due Diligence and Know Your Customer (KYC) reviews of higher risk clients 

  • Assists in ensuring complete compliance with the Bank Secrecy Act, OFAC, AML and all other general related regulations. 

  • Remains updated 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. 

  • Acquires and applies foundational knowledge of the bank , its products, and processes to identify and recommend solutions and improvements that prevent and detect fraud activities. 

  • Assists with examination preparation work, as needed.

  • Assists with any projects assigned to the Risk Management Department. 

 

 

Describe below the audience this role will interact with and level of influence they will have on those roles.   

 

This role will interact with the following:  

 

  • Internal Staff (including managers): Assist with providing answers to BSA/AML/OFAC/CIP and fraud related questions, related coaching or training and collaborate on system or procedural changes.  

  • Clients: Gather information, explain account closure decisions and discuss fraudulent activity on their account.  

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

  • Auditors: Assist with gathering information requested for an audit.  

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

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QUALIFICATIONS & SKILLS:   

 Required: 

  • Bachelor’s degree or equivalent experience  

  • 3-5 years 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/CIP and fraud, significant knowledge of federal and state laws and regulations impacting the bank  

              

Pay Transparency


 

Thrivent’s 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 $55,187.00 - $74,665.00 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. Thrivent’s plans/policies are subject to change at any time at Thrivent’s 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 to human.resources@thrivent.com or call 800-847-4836 and request Human Resources.