BSA Fintech Analyst III

The BSA Fintech Analyst reports to the Director of BSA and assists with the oversight and management of the Dickinson Financial Corporation (“DFC”) Fintech BSA/AML Program specific to the Banking-as-a-Service (BaaS) segment. The BSA Fintech Analyst is responsible for specific aspects of the BaaS BSA/AML Program listed below in collaboration with the Director of BSA on a regular basis. The BSA Fintech Analyst is responsible for a variety of functions in support of our mission to provide BaaS in a safe, sound, and compliant manner while also working to identify, monitor, investigate & report suspicious activity relating to fraud, money laundering, or other suspected violations of law. This position is responsible for ensuring that all related actions are tracked to completion with accurate and timely reporting to the appropriate parties.

Principal Accountabilities

• Assist with developing and maintaining BaaS policy and procedures consistent with current regulations, including those pertaining to the BSA, AML, CIP, and OFAC.
• Assist the Director of BSA with the evaluation of prospective Fintech’s, including interviews, policy and procedure review, evaluating risks.
• Monitor BaaS partners’ daily execution of processes/procedures pertaining to BSA/AML/CFT and OFAC. Monitor to ensure timely investigations pertaining to suspicious activity and/or potential fraudulent transactions.
• Assist in gathering data for reporting as needed for various levels of management up to and including the Board of Directors.
• Assist in gathering documentation for BaaS BSA/AML exams, audits, model validations, law enforcement requests, subpoenas, etc.
• Assist in BaaS search requests and documentation for Section 314(a) of the Patriot Act and serve as a 314(b) contact for the Bank.
• Ensure preparation of regulatory reports is accurate, timely, appropriately documented, and
• Investigate and prepare all BaaS suspicious activity report (SAR) recommendations to ensure strong and accurate reporting is being presented for filing.
• Maintain reasonable Quality Control results on all BaaS report filings.
• Assist with other business line collaborations for process streamlining/improvement.
• Actively participate in career development, 1:1’s, department meetings and complete other specified duties related to BSA compliance as may be assigned.
• Attend BSA/AML compliance training sessions to maintain current knowledge of industry best practices, laws, regulations, policies, and procedures applicable to BSA/AML/CFT.
• Conduct all duties in compliance with applicable laws, regulations, and Bank policies and
• Contact branch associates and other business units for clarification of client activity, as needed, while maintaining client information in complete confidence.
• Make sound, risk-based conclusions and recommendations to clear activity or conduct additional monitoring.
• Understand, embody, communicate, and instill corporate initiatives and vision, including the Six Pillars of Success.
• Regular attendance required, working at the assigned worksite, or assigned remote location during regular business hours and/or assigned hours.