BSA & Regulatory Compliance Analyst I

This job was posted by https://www.kansasworks.com : For more information, please see: https://www.kansasworks.com/jobs/13681050 First Federal Bank of Kansas City is one of the largest mutually owned banks in the Midwest and has been a strong banking and lending partner to families in Kansas and Missouri for decades. We are a community-oriented, culture-focused, progress-driven organization on a mission to help people, businesses and communities build a better financial future. At First Federal, youll be supported by diverse, talented, energetic individuals moving toward a common vision of prosperity and a home for all. Youll have boundless opportunities for growth whether its personal or professional development to reach your career goals, company events to strengthen your connections, or volunteer work to champion our community partners. Your success is our success. When our employees feel valued, our customers feel valued, and our community grows. Hear what our team members have to say: https://www.youtube.com/watch?v=GNPKmutbydo{cke-saved-href="https://www.youtube.com/watch?v=GNPKmutbydo"} ABOUT THE ROLE:\ This position supports First Federal Bank of Kansas City's Bank Secrecy Act (BSA), anti-money laundering (AML), sanctions, and Office of Foreign Assets Control (OFAC) (BSA/AML/OFAC) program, its enterprise compliance risk program, and its Fintech Partner Program. The BSA & Regulatory Compliance Analyst I (Analyst I) performs day-to-day BSA/AML analysis, compliance risk support, and regulatory affairs tasks across retail banking, commercial banking, and the Bank's Fintech Program under the direction of the BSA Officer and the Compliance & Risk Officer.\ \ This is a shared position. The Analyst I reports directly to the Bank Secrecy Act Officer (BSA Officer) and supports both BSA Operations, under the direction of the BSA Officer, and Compliance Operations, under the direction of the FFBKC Compliance & Risk Officer. Work assignments and priorities are coordinated jointly by the BSA Officer and the Compliance & Risk Officer, and the Analyst I is expected to balance and communicate competing demands between the two functions. Performance is evaluated by the BSA Officer with input from the Compliance & Risk Officer.\ \ The Analyst I is a developing professional who works within established procedures, escalates unusual matters, and build the technical knowledge needed to support the Bank's compliance obligations. Work is reviewed regularly for accuracy, completeness, and adherence to procedures.\ \ LOCATION/WORK SCHEDULE:\ The Analyst I will be assigned to the Corporate Administration Center in Leawood, KS in a hybrid work arrangement. The Analyst I is required to work in the office Tuesday through Thursday and may be eligible to work remotely on Monday and Friday. Generally, the Analyst I will be expected to work Monday through Friday during regular business hours. The hybrid schedule and in-office requirements may change at management's discretion. ESSENTIAL DUTIES AND RESPONSIBILITIES:\ BSA/AML/OFAC Analysis - Works alerts and cases generated by the Bank's transaction monitoring, fraud, and sanctions screening systems for retail and fintech partner accounts; documents dispositions clearly and escalates potential suspicious activity to the BSA Officer. - Prepares draft Suspicious Activity Report (SAR) narratives, Currency Transaction Reports (CTRs) and CTR exemption documentation for review and filing. - Performs OFAC screening review, clears or escalations potential matches, and assists with FinCEN 314(a) searches and 314(b) information-sharing requests. - Performs Customer Identification Program (CIP), customer due diligence (CDD), beneficial ownership, and enhanced due diligence (EDD) reviews for new and existing cus omers, including higher-risk customers referred by the retail bank or fintech partners. - Assists with reviewing and validating fintech partner KYC/CIP files, EDD packages, and sanctions screening results submitted through the Fintech Partner Program. - Supports subpoena, law enforcement, and other legal process responses by gathering and organizing records under direction. - Assists with maintaining BSA/AML record retention in accordance with applicable laws and regulations. Risk Duties Assists in gathering data and documentation for the Bank's BSA/AML/OFAC risk assessment, fintech program risk assessment, and compliance risk assessments. Tracks and updates key performance indicators (KPIs) and key risk indicators (KRIs) for assigned areas and flags trends or threshold breaches to the BSA Officer. Maintains issue and finding logs from audits, examinations, and partner reviews; follows up with business owners and partners on remediation status. Assists with vendor and fintech partner due diligence requests (e.g., collecting