Job Description
Summary The BSA Fintech Analyst plays a key role in supporting the oversight and execution of Dickinson Financial Corporation’s (“DFC”) BSA/AML Program within the Banking-as-a-Service (BaaS) segment. Reporting to the Director of BSA, this position is responsible for managing critical components of the Fintech BSA/AML framework in close collaboration with leadership. The Analyst contributes to DFC’s mission of delivering BaaS solutions in a safe, sound, and compliant manner by identifying, monitoring, investigating, and reporting suspicious activities related to fraud, money laundering, and other potential violations of law. This role ensures timely and accurate completion of all related tasks and reporting obligations, maintaining strong alignment with regulatory expectations and internal standards.
Responsibilities - Support the development and ongoing maintenance of BaaS-related policies and procedures in alignment with current regulations, including BSA, AML, CIP, and OFAC requirements.
- Assist the Director of BSA in evaluating prospective Fintech partners through interviews, policy and procedure reviews, and risk assessments.
- Monitor daily BSA/AML/CFT and OFAC-related activities of BaaS partners to ensure timely and effective investigation of suspicious or potentially fraudulent transactions.
- Compile and prepare data for reporting to various levels of management, including the Board of Directors.
- Gather and organize documentation for BSA/AML-related exams, audits, model validations, law enforcement inquiries, subpoenas, and other regulatory requests.
- Respond to Section 314(a) Patriot Act search requests by collecting and documenting relevant information.
- Ensure regulatory reports are prepared accurately, submitted on time, and properly documented and retained.
- Investigate and draft recommendations for BaaS-related Suspicious Activity Reports (SARs), ensuring thorough and accurate reporting.
- Maintain quality control standards for all BaaS-related report filings.
- Collaborate with other business units to streamline and improve compliance-related processes.
- Actively engage in professional development, including one-on-one meetings, departmental discussions, and other assigned BSA compliance duties.
- Attend BSA/AML training sessions to stay current on industry best practices, laws, regulations, and internal policies.
- Conduct all responsibilities in full compliance with applicable laws, regulations, and bank policies.
- Communicate with branch associates and other departments to clarify client activity, while maintaining strict confidentiality.
- Make sound, risk-based decisions and recommendations regarding client activity, including escalation or continued monitoring as needed.
- Protect all client and bank information confidentially and follow all company policies.
- Understand, communicate, and instill the Company’s mission, vision, and values (Pillars of Success).
- Complete monthly training in a timely manner to ensure knowledge of bank regulatory requirements, policies, and procedures.
- Working at the worksite during regular business hours and/or assigned hours.
- Other specified duties as assigned.
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