Job Description

Job Description

Job Description

Functional Title: BSA/Fraud Analyst

Reports to: BSA Officer

Grade: 5

FLSA: Exempt

Date: November 2025

Middletown Valley Bank is a growing organization, and we are looking for people who believe in providing an Absolutely Exceptional Experience to our customers, communities, and fellow team members. Become a part of our team and join a company with a professional and positive work environment, caring culture, great benefits and rewarding work opportunities. 

General Summary

The BSA/Fraud Analyst (BFA) plays a critical role in safeguarding the integrity of the Bank. This position is responsible for supporting compliance with key regulations, such as the Bank Secrecy Act (BSA), the Office of Foreign Assets Control (OFAC), fraud monitoring, and loss prevention programs. The BFA will assist with investigations, monitoring transactions, assisting with regulatory reporting, and ensuring the Bank remains in compliance with applicable regulations and laws.

The BFA will also contribute to annual BSA-related risk assessments, support internal teams with compliance-related questions, and serves as a resource across departments for BSA and fraud-related matters.

Primary Duties and Responsibilities

Bank Secrecy Act (BSA) & Compliance:

• Monitors and communicates updates on deposit and BSA compliance issues, including changes in laws, regulations, internal policies.
• Assists the BSA Officer with compliance inquiries and helps prepare the annual BSA/CIP effectiveness report to the Board of Directors.
• Prepares and files required regulatory reports such as Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and High-Risk Reviews.
• Responds promptly to information requests under the FINCEN 314 program.
• Assists the BSA Officer with conducting regular transaction monitoring and reviews worklists for BSA using transactions surveillance software.
• Investigates and documents activity that may require SAR filings, ensuring reports are accurate and timely.
• Supports investigations referred by bank staff, including counterfeit currency reporting and other unusual activity.

Fraud Monitoring and Loss Prevention:

• Conducts and documents fraud investigations; escalates findings to the BSA Officer.
• Reviews daily fraud alerts and flagged transactions, initiating follow-up investigations as appropriate.
• Stays informed on fraud mitigation practices through industry resources and forums.
• Acts as a resource for staff inquiries related to potential fraudulent or suspicious activity.
• Administers transaction monitoring rules and reviews flagged items daily, taking appropriate action.
• Collaborates with the BSA Officer to analyze and report suspicious activity and strengthen fraud prevention strategies.

Other:

• Maintains positive working relationships with regulators, industry peers, business partners, and internal departments.
• Develops, coordinates, and assists in the implementation of policies and procedures and identifies process efficiencies.
• Follows up on complaint log items reported from across the Bank, ensuring appropriate documentation and resolution.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
• Other duties necessary to meet businessobjectives.
• Supports andparticipatesin community activities and initiatives.

Knowledge, Skills, and Abilities

• Requires a bachelor’s degree in business, finance, or related field of study. In lieu of a degree, a comparable combination of education and related experience may be considered.
• 3-5 years of related work experience in compliance, anti-money laundering and Bank Secrecy compliance in the financial services industry.
• Strong knowledge of banking regulations and compliance requirements in the financial services industry.
• Proficient in Microsoft Office applications.
• Solid analytical and critical thinking skills; able to make sound decisions based on available data and regulatory guidelines.
• Strong written and verbal skills; able to collaborate effectively across departments and present findings clearly.
• Ability to manage multiple priorities, meet deadlines, and maintain accuracy in a fast-paced environment.
• Comfortable working in an evolving technological and regulatory landscape.
• Willingness to occasionally work extended hours and travel as needed for training and relationship building.
• Commitment to Middletown Valley Bank’s Code of Ethics and Values.

Work Environment:

• While performing the duties of this job, the employee is regularly required to stand, walk, see, use hands to type, carry, handle, and feel objects, reach with hands and arms, talk, and hear.
• The employee must occasionally lift and/or move up to 25 pounds or more.
• The job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines.
• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

Full Time Benefits:

• Health, Dental, and Vision Insurance
• Life Insurance
• Short Term & Long-Term Disability
• 401k Savings Plan
• Paid Holidays
• Paid Time Off
• Professional Development
• Employee Assistance Program

This job description represents a summary of typical functions of the job, not an exhaustive list of all possible responsibilities, tasks, and duties.

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