BSA Analyst

Thread Bank maintains a strong culture of compliance, and this is a unique opportunity to continue to grow our risk-focused Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) program, which is critical to the success of both the institution and the compliance and risk management program. Ideal candidates will be those who are proactive, resourceful, and thrive in a fast-paced, creative, hands-on environment, and who truly enjoy building things from the ground up! 

We are looking for people who thrive in a growth environment while consistently and effectively deploying controls to maintain a fully compliant institution. Thread Bank provides a unique opportunity to be a part of a high-growth, cutting edge, ntech startup within the stable and protable banking industry. This is an excellent opportunity for a professional looking to rapidly advance their career as the company grows. 

Duties and Responsibilities

• Assist BSA Officer with system integration as Thread Bank moves towards a singular best-in-class enterprise wide BSA control framework
• Perform complex research and analysis of customer and transaction data
• Conduct regular High-Risk and Enhanced Due Diligence reviews
• Monitor and manage designated high-risk customers and accounts
• Manage exempt person filings for CTR purposes
• Assist BSA Officer with the management of the Currency Transaction Reporting process
• Assist Quality Control Lead for monitoring and testing of FinTech partnerships
• Review, decision, and escalate suspicious activity alerts on our transaction monitoring platform
• Investigate transactions and activities that are suspicious in nature, and submit Suspicious Activity Reports (SARs) for BSA/AML/OFAC-related activities
• Assist in the administration of independent, state, and federal regulatory and auditor examinations and reviews
• Conduct FinCEN 314(a) searches
• Assist BSA Officer with the migrations of BSA/AML platform(s)
• Conduct requests for information (RFIs)
• Maintain the BSA-related compliance monitoring programs and periodic testing procedures, including work papers and report formats