Senior Quality Control Analyst presso Thread Bank

Description

Who We Are

Thread Bank is a digital-first financial technology community bank that aims to enhance customer engagement through innovative solutions. Thread Bank offers a modern website, a CRM system, and a mobile app to simplify banking for businesses and individuals. Our embedded banking solution helps business technology platforms provide secure banking experiences. We also partner with other banks, credit unions, and FinTechs to integrate compliant financial solutions. Thread Bank values innovation, collaboration, and flexibility, offering excellent benefits and a family-friendly culture.

What We Are Looking For

We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.

What you'll do

•  Ensure Thread Bank’s quality control (QC) program’s efficacy and relevance

•  Review, monitor, and execute the structured escalation system, program efficacy measures, confidence levels, Tolerance rates

•  Review, monitor, and determine targets of enhanced scrutiny and/or increased sampling

•  Work closely with other Bank departments to enhance and/or correct workflows impacting BSATest, including but not limited to: Customer information program (CIP), customer due diligence (CDD), and enhanced due diligence (EDD), New customers/accounts, exceptions, high risk customer/accounts. Suspicious activity reports (SARs) and monitoring including but not limited to account closure, alert disposition, non-SAR investigations, SAR filings, subpoenas and national security letters. Currency transaction reports (CTRs), Reconciliation and currency aggregation, filings and exemptions. Including Information sharing including 314(a) and (b) requests. Recordkeeping of funds transfers, and record retention. Monetary instruments and associated logs (MIL), Office of Foreign Assets Control (OFAC) including but not limited to New customer/account screening, Transactional screening -specially designated national (SDN) name variations, systems update and BSA management information system (MIS)

•   Assist with assessing impacts to business processes, controls, and strategies to provide 

recommendations on ratings and escalate broad themes or trends accordingly based on business 

knowledge

•  Assist with ongoing review of the BSA Risk Matrix based on QC results

•  Assist with preparing for regulatory examinations and audits by gathering necessary 

documentation and information

•  Support reviews with all business units and fintech partners for any BSA/AML policy and 

procedure deficiencies to ensure adherence and compliance

•  Monitor the regulatory environment and industry trends related to BSA, AML, and OFAC

•  Assist in producing BSA/AML reports for Management and relevant committees

•  Stay updated on regulatory changes and industry best practices related to BSA/AML 

compliance

Qualifications

•  4-year degree; bachelor’s degree or master’s degree in applicable field preferred; Certified Anti-Money Laundering Specialist (CAMS) certification preferred

•  Specialized knowledge of BSA, AML, OFAC, and financial crimes as related to banks, embedded banking, and fintech companies

•  Use of sound analytical skills and possession of product, business, and technical expertise to execute assigned reviews and testing

•  Ability to exercise critical thinking and judgment to effectively challenge and influence internal and external partners

•  Broad experience with Microsoft Office programs

•  Strong technical skills and demonstrated ability to adapt quickly to new technology

•  Ability to work in a fast-paced and team-oriented environment and exhibit a sense of urgency, a commitment to customer service, quality, and timely completion of duties without oversight

•  Detail-oriented with excellent communication/presentation skills (both written and verbal)

Employee must be able to perform essential functions of the position and, if requested, Thread Bank will make reasonable accommodations to enable employees with disabilities to perform the essential functions of their job, absent undue hardship, in accordance with the ADA.

Thread Bank is an Equal Opportunity Employer. Thread Bank does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

By submitting your application, you give Thread Bank permission to email, call, or text you using the contact details provided. We will only contact you with job-related information.