Specialty Banking Risk and Compliance Analyst I

Description

SPECIALTY BANKING RISK AND COMPLIANCE ANALYST I

Job Summary:

The Risk and Compliance Analyst is responsible for conducting initial and ongoing due diligence related to Specialty Banking clients and accounts, with a focus on high-risk industries such as cannabis and fintech. This role performs detailed reviews of account activity, compares financial data, and ensures compliance with internal policies and regulatory standards. The analyst works closely with internal departments and customers to support the onboarding and monitoring of specialized accounts while enhancing the customer experience and mitigating risk.

Primary Responsibilities:

• Account Monitoring: Conduct comprehensive daily and monthly reviews of client accounts using analytical tools. Identify unusual or suspicious activity patterns and ensure all transactions align with internal compliance frameworks and regulatory standards. Certify all CIP information is accurate and up to date.
• Daily Funding Reviews: Perform daily reviews of funding activity to ensure transactions are accurately recorded and compliant with applicable policies and regulations.
• Background Checks: Conduct thorough background checks on new and existing clients using third-party screening tools, ensuring all required information is documented.
• Licensing and Business Verification: Review and verify state-issued cannabis or business licenses for accuracy and active status. Maintain up-to-date records using regulatory databases and internal compliance systems.
• Business Account Applications: Process and review business account applications. Collaborate with Relationship Managers and other internal departments to ensure application accuracy and documentation completeness.
• Account Onboarding: Manage workflows using internal software platforms to support efficient account onboarding. Serve as a backup for account openings and provide workflow improvement suggestions.
• Case Management: Handle assigned casework in accordance with bank procedures. Investigate, document, and escalate policy or regulatory violations as needed. Coordinate with the BSA/AML team to ensure compliance.
• Fintech & Cannabis Banking Oversight: Stay current on developments in high-risk banking sectors. Support fintech and cannabis banking operations, tracking issues to resolution while balancing customer service and risk mitigation.
• Regulatory Compliance: Adhere to all applicable laws and regulations, including the Bank Secrecy Act (BSA). Report and document irregularities promptly and maintain records for audit readiness.
• Training and Development: Participate in ongoing compliance and industry training. Maintain and grow knowledge of BSA/AML regulations, cannabis operations, and financial crime risk.
• Other Duties as Assigned: Support team initiatives, assist with training and mentorship, and contribute to continuous improvement in operations and risk processes.

Job Specifications:

Education:

• Bachelor’s degree in finance, Accounting, Business, or a related field preferred
• Equivalent experience (minimum 3–5 years in banking, compliance, or financial risk analysis) will be considered in lieu of a degree

Experience:

• 6 months to 2 years in banking, risk, compliance, or accounting preferred
• Experience with high-risk clients (cannabis, fintech) or BSA/AML a plus

Skills & Competencies:

• Strong critical thinking and analytical skills
• Proficient in interpreting business financial statements
• Skilled in researching and presenting compliance findings
• Professional communication and team collaboration
• Sound judgment and decision-making under pressure
• Initiative to drive operational efficiency and accuracy
• Effective time management and ability to meet deadlines in a fast-paced environment
• Adaptable, resilient, and open to change
• Upholds confidentiality and regulatory integrity
• Demonstrates accuracy, thoroughness, and independent work ethic

Essential Functions:

• Some mobility
• Use of hands
• Vision
• Some form of communication

Accuracy & Accountability:

Measured by the completeness and accuracy of work performed.

Supervised By:

Specialty Banking Assistant Manager

Supervises:

None

 Dart Bank has an immediate opening for a Specialty Banking Analyst.  Dart Bank is a community bank, serving our community since 1925.  We specialize in providing financial services, but we are passionate about serving the community and building real relationships with people.  Dart Bank provides innovative financial services for both personal and business banking, consumer and mortgage loans, commercial loans and lines of credit, merchant credit card processing, investment services and more. Our array of products and services and our longstanding history within our communities shows we care about what matters most for our customers and we are there for them for the most important times in their lives.  Dart Bank. For What Matters Most.

We offer:

• Medical Benefits
• Dental
• Vision
• 401(K) Employee Stock Ownership Plan
• Paid vacation & sick time
• Flexible scheduling
• Employee Assistance Program
• Dart Bank University

At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we delivery exceptional customer service.  We are a local business that cares about our employees and our community.

The Company is committed to providing equal opportunity in employment and prohibiting all forms of unlawful discrimination and harassment. 

All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws.  The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law (individually and collectively, “Protected Class”).