BSA Analyst

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!

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, DirectorDeposit Services, DirectorCompliance, 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.