BSA Compliance Analyst

Summary:

The BSA Compliance Analyst will be responsible for ensuring the organization's adherence to the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. This position is suited for a detail-oriented analyst with experience in BSA/AML investigations and a strong understanding of transaction monitoring systems. The analyst will be responsible for reviewing a high volume of alerts daily, identifying suspicious activity, and recommending improvements to existing AML rules. Familiarity with typologies and transaction types across individual and business accounts, as well as lending, credit, and deposit products, is essential. The ideal candidate will also contribute to the development of new monitoring rules to enhance the institution's AML program. Familiarity with BaaS or fintech/sponsor bank models is highly desirable. The ideal candidate will thrive in a flexible, fun, and challenging work environment and must be willing to work from our offices in Pleasant Grove, Utah.

Responsibilities

• Conducting thorough reviews of transaction monitoring alerts
• Investigate and escalate suspicious activity
• Maintain productivity while ensuring quality and accuracy in investigations
• Understand and apply AML typologies across various account and product types
• Recommend improvements to existing transaction monitoring rules
• Propose new rules based on emerging risks and trends
• Perform quality control checks to identify deficiencies or gaps in compliance processes
• Write informative SAR narratives
• Ensure accurate and timely filing of SARs and other required regulatory reports
• Maintaining up-to-date knowledge of evolving regulatory requirements, including FinCEN guidance and OFAC sanctions, and ensuring the bank's policies and procedures align with these standards
• Assisting in preparing for internal audits and external regulatory exams, providing documentation, and addressing any Compliance issues identified
• Support other AML team functions as needed in a dynamic and collaborative environment

Preferred Skills and Qualifications

• ACAMS certification
• Experience with AML systems (e.g., Verafin, Unit21, Actimize, Hummingbird)
• Knowledge of fraud and money laundering typologies
• Ability to manage large volumes of alerts efficiently
• Strong critical thinking and investigative skills
• Ability to quickly adapt to a changing work environment and eagerly absorb new projects and responsibilities
• Willingness to learn new skills and offer solutions to complex issues
• Understanding of BaaS or fintech/sponsor bank models
• Quality control (2nd line of defense) experience
• Eagerness to get involved in projects outside of regular assignments
• Ability to thrive in a fast-paced, dynamic environment
• Innovative thinking, proactivity, and solution-focused mindset
• Intuitive approach to reviews and investigations
• Effective task prioritization
• Proactive in escalating concerns and asking questions
• Strong attention to detail
• Proficiency with Microsoft suite products (i.e. Excel, Word, PowerPoint)

Benefits:

Benefits package includes Health, Dental and Vision insurance, 401(k) with company match, life and disability insurance, supplemental insurance, EAP, wellness reimbursement program, phone reimbursement, PTO and performance based quarterly bonus program.

We are an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.