What are the responsibilities and job description for the BSA Fraud Analyst position at State Bank of Cross Plains?
JOB REQUIREMENTS: Apply Description Lake Ridge Bank is seeking a
motivated professional to join our team as a BSA & Fraud Analyst! The
BSA & Fraud Analyst plays a critical role in safeguarding the bank
against potential risks related to money laundering, fraud, and other
financial crimes. This position is responsible for the research,
investigation, and resolution of alerts generated by the Bank Secrecy
Act (BSA) software, ensuring compliance with all relevant regulatory
requirements. The analyst will monitor, investigate and clear system
generated alerts, conduct thorough reviews and assessments to maintain
the integrity of the institution\'s internal processes and manage the
Currency Transaction Report (CTR) process, including the completion and
Filing Of CTRs, And Conducting Annual Exemption Reviews. ESSENTIAL
RESPONSIBILITIES: Verafin Alert Research and Clearing: \* Monitor,
investigate and clear alerts generated by Verafin or similar BSA/AML
software for potential suspicious activities. \* Conduct detailed
research and analysis of customer transactions, patterns, and behaviors
to identify unusual or suspicious activity. \* Collaborate with internal
departments to gather necessary information and documentation to resolve
alerts. \* Document findings and escalate cases to the BSA Officer or
Fraud Investigator when further investigation is required. \* Maintain
thorough records of all actions taken and ensure timely clearing of
alerts. Quality Assurance/Control Reviews and Reporting: \* Perform
regular quality assurance and control reviews of internal processes
related to BSA/AML compliance and fraud detection. \* Identify areas of
improvement within existing processes and recommend changes to enhance
effectiveness and efficiency. \* Prepare and present reports on findings
from quality reviews, including any identified deficiencies, trends, or
risks. \* Work closely with other financial crimes team members to
ensure that policies and procedures are consistently applied and adhered
to. Manage the Currency Transaction Report (CTR) Process: \* Oversee the
end-to-end process of Currency Transaction Reporting, including\... For
full info follow application link. The State Bank of Cross Plains values
a diverse workforce and is an Affirmative Action/Equal Opportunity
Employer. Minorities, Females, Veterans and Individuals with
Disabilities encouraged to apply. Consistent with State Bank of Cross
Plains\' commitment to employ and advance qualified individuals with
disabilities, State Bank of Cross Plains provides reasonable
accommodation to apply for or perform a job. Some examples of reasonable
accommodation include alternate methods to apply, provide documents in
an alternate format, altering work procedures, specialized equipment or
use of an interpreter. If an individual needs reasonable accommodations
to apply or perform a job here at State Bank of Cross Plains, please
contact Human Resources at (608) 849-2700 or email us. \*\*\*\*\*
APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/9A16A2FDDF0B4250
motivated professional to join our team as a BSA & Fraud Analyst! The
BSA & Fraud Analyst plays a critical role in safeguarding the bank
against potential risks related to money laundering, fraud, and other
financial crimes. This position is responsible for the research,
investigation, and resolution of alerts generated by the Bank Secrecy
Act (BSA) software, ensuring compliance with all relevant regulatory
requirements. The analyst will monitor, investigate and clear system
generated alerts, conduct thorough reviews and assessments to maintain
the integrity of the institution\'s internal processes and manage the
Currency Transaction Report (CTR) process, including the completion and
Filing Of CTRs, And Conducting Annual Exemption Reviews. ESSENTIAL
RESPONSIBILITIES: Verafin Alert Research and Clearing: \* Monitor,
investigate and clear alerts generated by Verafin or similar BSA/AML
software for potential suspicious activities. \* Conduct detailed
research and analysis of customer transactions, patterns, and behaviors
to identify unusual or suspicious activity. \* Collaborate with internal
departments to gather necessary information and documentation to resolve
alerts. \* Document findings and escalate cases to the BSA Officer or
Fraud Investigator when further investigation is required. \* Maintain
thorough records of all actions taken and ensure timely clearing of
alerts. Quality Assurance/Control Reviews and Reporting: \* Perform
regular quality assurance and control reviews of internal processes
related to BSA/AML compliance and fraud detection. \* Identify areas of
improvement within existing processes and recommend changes to enhance
effectiveness and efficiency. \* Prepare and present reports on findings
from quality reviews, including any identified deficiencies, trends, or
risks. \* Work closely with other financial crimes team members to
ensure that policies and procedures are consistently applied and adhered
to. Manage the Currency Transaction Report (CTR) Process: \* Oversee the
end-to-end process of Currency Transaction Reporting, including\... For
full info follow application link. The State Bank of Cross Plains values
a diverse workforce and is an Affirmative Action/Equal Opportunity
Employer. Minorities, Females, Veterans and Individuals with
Disabilities encouraged to apply. Consistent with State Bank of Cross
Plains\' commitment to employ and advance qualified individuals with
disabilities, State Bank of Cross Plains provides reasonable
accommodation to apply for or perform a job. Some examples of reasonable
accommodation include alternate methods to apply, provide documents in
an alternate format, altering work procedures, specialized equipment or
use of an interpreter. If an individual needs reasonable accommodations
to apply or perform a job here at State Bank of Cross Plains, please
contact Human Resources at (608) 849-2700 or email us. \*\*\*\*\*
APPLICATION INSTRUCTIONS: Apply Online: ipc.us/t/9A16A2FDDF0B4250