BSA Analyst

Position: BSA Analyst

BMTX Overview

BM Technologies, Inc. (NYSE American: BMTX) - formerly known as BankMobile - is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial wellness. It is focused on technology, innovation, easy-to-use products, and education with the mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. BM Technologies, Inc. is a technology company and is not a bank, which means it provides banking services through its partner bank. More information can be found at www.bmtx.com.

Our Mission

We are on a mission to financially empower millions of Americans by providing a more affordable, transparent, and consumer-friendly banking experience. And we are passionate about having fun while making an impact!

Job Description:

We are looking for a passionate, hard-working individual to join our Compliance Team as a BSA Analyst. The BSA Analyst reports directly to the BSA Officer and is responsible for ensuring the company maintains compliance with its BSA/AML Program and Policy through effective monitoring and reporting of suspicious activity.

To be successful in this role you should possess the following abilities:

• Review alerts generated from the AML monitoring system and analyze questionable activity detected, as well as determine if an inquiry and/or investigation is warranted.
• Conduct in-depth research into customer accounts, properly document findings to ascertain if activity is reasonable with the purpose of account.
• Thoroughly document findings by preparing reports in a manner that is clear and comprehensible to BSA supervisors/managers, internal auditors and regulatory examiners.
• Review new accounts and/or customer profile updates, which are verified against Office of Foreign Assets Control (OFAC) lists through the OFAC system.
• Ability to proactively identify compliance risks, evaluate corporate operations for regulatory issues and develop and/or refine existing processes, to ensure that Company’s exposure to compliance failures and related fines and penalties are minimized.
• Report all findings to manager.
• Exercise discretion in setting priorities, identifying accounts that require further investigation and taking action to obtain the information required.
• Perform any other assignments as directed by manager.
• Participate in all team meetings.
• Actively assist in special projects that are both system related or involve special investigations.
• Routine interaction with all FCB Digital Banking Department, Chief Information Officer, Chief Risk Officer, Chief Financial Officer (FCFS), Chief Compliance Officer, Internal Audit Manager, Chief Operating Officer, CFO, Director – Deposit Services, Director – Compliance, Director of Information Technology Services, and all impacted staff

Required Experience/ Qualifications:

• Bachelor's degree required.
• Minimum of 1-3 years of directly related work experience in banking BSA/AML compliance
• Certificates, licenses, registrations: None but CAMS is a plus
• Candidate must understand back-office bank processing for all deposit products.
• Thorough knowledge of USA PATRIOT Act, Bank Secrecy Act, OFAC and other related deposit banking rules and regulations
• Experience in performing analysis of compliance practices and procedures.
• Excellent analytical and communication skills
• Should be a self-starter and organized; able to work independently, without supervision; able to solve problems and offer solutions.

BMTX will provide consideration for employment to qualified applicants without regard to their race, color, religion, national origin, sex/ gender, sexual orientation, gender identity, protected veteran status or disability.