BSA/Fraud Analyst

About the role

First State Bank is seeking a BSA/Fraud Analyst to support the Bank’s BSA/AML and fraud monitoring programs. This position is responsible for reviewing and investigating suspicious activity, monitoring financial crime risks, preparing regulatory filings, and identifying emerging fraud trends. The BSA/Fraud Analyst serves as a key resource to management, branches, and Deposit Operations by helping identify, investigate, and mitigate financial crime risks while supporting compliance with applicable regulatory requirements.

Responsibilities

• Review and investigate BSA/AML and fraud-related alerts, suspicious activity, customer risk alerts, and other monitoring exceptions using Verafin and related systems
• Conduct investigations, document findings, prepare supporting documentation, and draft SAR narratives for review by the BSA Officer
• Prepare and file Currency Transaction Reports (CTRs) and perform other BSA/AML monitoring and reporting activities
• Perform customer risk assessments, Enhanced Due Diligence (EDD) reviews, and ongoing monitoring of higher-risk customer relationships
• Monitor fraud risks, including ACH, wire, payment, and other high-risk transactions, and assist with fraud investigations and escalation activities
• Assist with administration and optimization of the Verafin platform, including identifying opportunities to improve monitoring effectiveness and fraud detection capabilities
• Monitor emerging fraud trends and financial crime risks and provide recommendations regarding fraud prevention, monitoring practices, and internal controls
• Assist with regulatory examinations, audits, and other compliance-related reviews and requests

Qualifications

• Associate’s or Bachelor’s degree in Business, Finance, Criminal Justice, Accounting, Risk Management, or a related field preferred
• 2–5 years of experience in banking, fraud, BSA/AML, or related operational risk role
• Hands-on experience utilizing Verafin for transaction monitoring, alert review, investigations, case management, CTR processing, customer risk monitoring, or related BSA/AML activities required
• Experience with fraud monitoring, fraud investigations, payment fraud, business email compromise, elder financial exploitation, ACH fraud, wire fraud, check fraud, or related financial crime activities strongly preferred
• Strong analytical and investigative skills with attention to detail
• High level of integrity and ability to handle confidential information