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The Federal Savings Bank (“TFSB”) is a veteran-owned national bank with a focus on residential lending. Recently named one of Inc. 5000’s fastest growing private companies in America for two consecutive years, TFSB is actively searching for an experienced BSA/AML Risk Analyst to join our BSA/AML team. Based out of our Chicago, IL headquarters, the BSA/AML Risk Analyst is responsible for developing, implementing, and overseeing all aspects of the Bank Secrecy Act Compliance Program at The Federal Savings Bank.
Essential Duties & Responsibilities:
Help BSA/AML Manager implement and oversee a BSA/AML Program consistent with regulatory expectations and the basic BSA/AML pillars.
Ensure compliance with a BSA/AML training program
Apply effective processes for customer due diligence, customer risk rating, and enhanced due diligence for higher risk customers.
Apply processes for transaction monitoring and investigate of potentially suspicious activity.
Make certain that transaction monitoring is risk-based and adequately covers higher-risk products, customers, and regions identified in the Bank’s AML risk assessment.
Maintain compliance with reporting requirements, including but not limited to Suspicious Activity Reporting and Currency Transaction Reporting
Utilization of necessary Fraud Prevention and BSA/AML tools/systems.
Support the BSA/AML Manager while working with internal & external auditors and regulatory examiners by providing full cooperation and timely delivery of requested documentation and information.
Adhere to all state and federal BSA/AML requirements such as Bank Secrecy Act, USA PATRIOT Act, Anti-Money Laundering, OFAC regulations
Identify new and revised laws and regulations impacting bank operations and the BSA Program
Minimum of 5+ years of experience as a BSA/AML Officer, BSA/AML Analyst, AML Investigator or similar function in a financial institution.
Bachelor’s degree in a relevant discipline strongly preferred
The Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status