What are the responsibilities and job description for the AML/CFT Fraud Analyst position at Border Bank?
We're hiring an AML/CFT Fraud Analyst at Border Bank! This position may office at any of our current Border Bank locations in Fargo, North Dakota, Badger, Baudette, Clearbrook, Coon Rapids, Greenbush, International Falls, Middle River, Roseau, or Thief River Falls, Minnesota.
The AML/CFT & Fraud Analyst plays a critical role in detecting, investigating, and preventing fraudulent activity across all banking channels. Along with ensuring the bank's compliance with the Bank Secrecy Act, Anti-Money Laundering (AML) regulations and related laws. The AML/CFT & Fraud Analyst will work closely with internal teams and external partners to protect customer assets, ensure regulatory compliance, and uphold our reputation for integrity and trust. This position supports the bank's efforts to detect and report suspicious activity, maintain robust customer due diligence and uphold regulatory standards.
AML/CFT Fraud Analyst Accountabilities:
- Monitor & investigate transaction activity across deposit, loan and digital banking platforms for signs of fraud or AML/CFT violations and escalate.
- Investigate suspicious account behavior, unauthorized transaction and escalate suspicious activity.
- Collaborate with Compliance, IT, and Customer Service teams to resolve fraud cases and mitigate risk.
- Analyze fraud trends and contribute to the development of detection rules and prevention strategies.
- Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) in accordance with regulatory timelines.
- Conduct Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, including periodic risk assessments.
- Assist in the implementation of BSA/AML Software and tools.
- Assist in maintaining and updating Fraud & AML/CFT policies, procedures, and risk models.
- Educate staff and customers on fraud prevention best practices.
- Stay current on changes to all regulatory and industry best practices.
AML/CFT Fraud Analyst Education and Experience:
- Bachelor's degree in Finance, Criminal Justice, Business, or related field, or equivalent experience
- 2 years of experience in Fraud & AML/CFT compliance or financial crimes investigation.
- Prefer experience with BSA/AML software (e.g. Verafin, BAM , FIS, or similar).
- Proficiency in Excel, SQL or data visualization tools for analytic reporting.
Border Bank Employee Benefits:
- Paid Time Off & Paid Holidays
- Childbirth Recovery Leave & Parental Leave
- Health, Dental, & Vision Insurance
- Flexible Spending Account HSA Employer Contribution
- 401(k) Employer Match
- Bank paid Life Insurance & Long-Term Disability
- Globe Life - Accidental Injury Insurance, Heart and Stroke Insurance, Cancer
- Insurance, Intensive Care Insurance
- Hospital Indemnity Insurance, Critical Illness Insurance, Cancer
- Insurance, Accident Insurance, Life Insurance, Disability Insurance
- Employee Assistance Program (EAP)
- Wellness Dollars
- Education Assistance and more!
Join our team!
Salary : $22 - $30