BSA & Fraud Quality Assurance Analyst

The BSA and Fraud Quality Assurance Analyst is responsible for performing BSA and Fraud Quality Assurance and Testing and related to financial crimes compliance functions within the BSA and Fraud departments.

PRINCIPAL DUTIES AND RESPONSIBILITIES

1. Performs quality assurance reviews of Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering, Fraud Prevention, OFAC, Customer Identification Program, and Customer Due Diligence compliance for the Bank and its third-party partners, as applicable.  
2. Provides insight for enhancements to BSA and Fraud Quality Assurance and Testing policies, procedures, and related program documentation.
3. Assists in administering the BSA and Fraud Quality Assurance and Testing Framework in order to evaluate the adequacy, effectiveness, and efficiency of internal controls, as well as compliance with the Bank’s policies and procedures.
4. Gathers data for reviews through a variety of methods including data queries, financial research, interviews and downloads.
5. Documents relevant information to support the conclusions and recommendations for each quality assurance and testing review completed in accordance with the BSA and Fraud Quality Assurance and Testing Plan.
6. Gathers and summarizes testing results, including root cause analysis, to make recommendations for the remediation of identified issues, including training and procedure/program enhancements, as needed.
7. Participates in discussions with the management and operating personnel of both the Bank and its third-party partners to verify and obtain explanations of identified issues.
8. Tracks identified issues and remediation efforts in accordance with the Bank’s Issues Management policies and procedures.
9. Applies in-depth knowledge and experience to ensure testing activities and workpapers adhere to standards and quality expectations.
10. Performs other duties as assigned.

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree, preferred.
• 3-5 years’ experience in BSA/AML compliance, fraud and/or case investigation, or experience in quality assurance/control or internal audit, required.
• CAMS and/or CAFP certifications, preferred.

KNOWLEDGE, SKILLS, AND ABILITIES