BSA Digital Asset Analyst - Dart Bank
Mason, MI
About the Job
I. Job Summary:
As part of the Compliance department, the BSA Digital Asset Analyst is tasked with ensuring the bank's compliance with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations, particularly within the high-risk arena of digital assets and cryptocurrency. This role involves the comprehensive review and analysis of customer transactions to identify potential suspicious activities, ensuring that the bank's policies and procedures align with regulatory requirements to mitigate risks associated with digital assets.
II. Job Duties:
Conduct detailed reviews of transactions involving digital assets to ensure compliance with BSA/AML/CFT regulations.
Identify and escalate unusual or suspicious activities across various digital asset products and customer types.
Manage a portfolio of investigations, ensuring adherence to deadlines and compliance standards.
Review customer documentation and KYC information to assess risks related to digital asset transactions.
File Suspicious Activity Reports (SARs) with FinCEN when necessary, ensuring all required documentation is complete and accurate.
Communicate findings clearly to relevant stakeholders to facilitate appropriate action and remediation.
Stay updated on regulatory changes, industry best practices, and emerging risks in the digital asset and cryptocurrency space.
Complete required training and proactively seek additional learning opportunities related to BSA/AML and digital assets.
Collaborate with cross-functional teams on BSA/AML/CFT compliance initiatives.
Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
Other duties as assigned.
III. Job Specifications:
Education:
High School Diploma or equivalent
Bachelor's degree in criminal justice, finance, business, or a related field preferred.
Skills:
Strong analytical and organizational abilities with attention to detail and the capacity to resolve complex compliance issues.
Excellent written and verbal communication skills, with the ability to provide constructive feedback and clear documentation.
In-depth understanding of BSA/AML-related laws and regulations, including the Bank Secrecy Act, PATRIOT Act, OFAC rules, and familiarity with the FFIEC Exam Manual.
Knowledge of digital asset technologies and their associated money laundering and terrorist financing risks.
Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook) and experience with AML compliance software.
Experience with cryptocurrency exchanges, wallets, and DeFi platforms is highly desirable.
Familiarity with advanced transaction monitoring tools and the ability to analyze transactions.
Ability to work independently and collaboratively in a fast-paced, dynamic environment while maintaining high-quality standards.
Experience:
5+ years in banking or financial compliance, or a role related to criminal justice, fraud, or investigations, with a strong focus on BSA/AML regulations, especially if experience is related to the Digital Asset or other High-Risk industries.
Professional Certifications:
CAMS certification from ACAMS preferred.
CCAS certification from ACAMS preferred.
IV. ESSENTIAL FUNCTIONS:
Some Mobility
Use of Hands
Vision
Some Form of Communication
Strict Confidentiality
V. ACCURACY AND ACCOUNTABILITY:
Measured by the completeness and accuracy of work performed
Ability to meet strict deadlines
VI. SUPERVISED BY:
BSA Officer
VII. SUPERVISES:
None
As part of the Compliance department, the BSA Digital Asset Analyst is tasked with ensuring the bank's compliance with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations, particularly within the high-risk arena of digital assets and cryptocurrency. This role involves the comprehensive review and analysis of customer transactions to identify potential suspicious activities, ensuring that the bank's policies and procedures align with regulatory requirements to mitigate risks associated with digital assets.
II. Job Duties:
Conduct detailed reviews of transactions involving digital assets to ensure compliance with BSA/AML/CFT regulations.
Identify and escalate unusual or suspicious activities across various digital asset products and customer types.
Manage a portfolio of investigations, ensuring adherence to deadlines and compliance standards.
Review customer documentation and KYC information to assess risks related to digital asset transactions.
File Suspicious Activity Reports (SARs) with FinCEN when necessary, ensuring all required documentation is complete and accurate.
Communicate findings clearly to relevant stakeholders to facilitate appropriate action and remediation.
Stay updated on regulatory changes, industry best practices, and emerging risks in the digital asset and cryptocurrency space.
Complete required training and proactively seek additional learning opportunities related to BSA/AML and digital assets.
Collaborate with cross-functional teams on BSA/AML/CFT compliance initiatives.
Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
Other duties as assigned.
III. Job Specifications:
Education:
High School Diploma or equivalent
Bachelor's degree in criminal justice, finance, business, or a related field preferred.
Skills:
Strong analytical and organizational abilities with attention to detail and the capacity to resolve complex compliance issues.
Excellent written and verbal communication skills, with the ability to provide constructive feedback and clear documentation.
In-depth understanding of BSA/AML-related laws and regulations, including the Bank Secrecy Act, PATRIOT Act, OFAC rules, and familiarity with the FFIEC Exam Manual.
Knowledge of digital asset technologies and their associated money laundering and terrorist financing risks.
Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook) and experience with AML compliance software.
Experience with cryptocurrency exchanges, wallets, and DeFi platforms is highly desirable.
Familiarity with advanced transaction monitoring tools and the ability to analyze transactions.
Ability to work independently and collaboratively in a fast-paced, dynamic environment while maintaining high-quality standards.
Experience:
5+ years in banking or financial compliance, or a role related to criminal justice, fraud, or investigations, with a strong focus on BSA/AML regulations, especially if experience is related to the Digital Asset or other High-Risk industries.
Professional Certifications:
CAMS certification from ACAMS preferred.
CCAS certification from ACAMS preferred.
IV. ESSENTIAL FUNCTIONS:
Some Mobility
Use of Hands
Vision
Some Form of Communication
Strict Confidentiality
V. ACCURACY AND ACCOUNTABILITY:
Measured by the completeness and accuracy of work performed
Ability to meet strict deadlines
VI. SUPERVISED BY:
BSA Officer
VII. SUPERVISES:
None
Source : Dart Bank
