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Summary:
- Thread Bank is focused on maintaining a strong culture of compliance and has a critical Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) program that contributes to the success of both the institution and the compliance and risk management program.
- The company offers a unique opportunity to grow within a high-growth, cutting-edge fintech startup in the stable and profitable banking industry.
- Ideal candidates are proactive, resourceful, thrive in fast-paced, creative environments, and enjoy building things from the ground up.
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 Currency Transaction Reporting (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 the 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.
