BSA and Fraud Solutions System Admin I

At a glance

Summary by MCA Job Board

Role type

Collections

Experience asked

3+ years

Work setup

Hybrid

Company type

Bank or credit union

About the role

About the employer

Headquartered in Chicago, the employer, a subsidiary of the employer Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. The employer has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. The employer offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. The employer is a member of FDIC and an Equal Housing Lender.
At the employer, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
• Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
• Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
• Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
• Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, the employer is the place for you.

Objective of Position

The Bank Secrecy Act (BSA) and Fraud Solutions System Administrator I is responsible for the implementation, administration, optimization, and ongoing support of Anti-Money Laundering (AML), fraud detection, and sanctions screening platforms supporting the Bank's traditional banking and fintech/BaaS programs. The role serves as the primary administrator for the Bank's fintech transaction monitoring platform and leads partner onboarding activities including system configuration, data mapping, testing, user administration, and production deployment of new fintech and sponsorship banking relationships.

Duties and Responsibilities

• Assist in the administration of AML, fraud detection, sanctions screenings and watchlist filtering systems, including user access provisioning, role assignments, and basic configuration updates.
• Support system monitoring activities, including review of alerts, cases, and transactional activity across traditional banking, BaaS, and Sponsorship Banking programs, and escalate as appropriate.
• Lead AML system onboarding and implementation for new BaaS and Sponsorship Banking partners, including requirements gathering, configuration, testing, validation, training, and production readiness.
• Manage and validate data integrations, file transmissions, Application Programming Interface (API) connections, data mapping configurations, and data quality controls to ensure accurate monitoring and alert generation within AML and fraud platforms.
• Coordinate with solution providers, implementation partners, fintech organizations, and internal technology teams to facilitate system enhancements, issue resolution, upgrades, and implementation activities.
• Support system governance and change management processes by documenting system changes, configuration updates, implementation activities, testing results, and production releases.
• Configure, test, tune, and maintain transaction monitoring rules, fraud detection scenarios, alert workflows, watchlists, user roles, and system parameters in accordance with regulatory requirements and business objectives.
• Assist with troubleshooting system or data issues, including those impacting partner integrations, and coordinate resolution with internal and external stakeholders.
• Perform testing for system upgrades, patches, new products, and partner implementations.
• Maintain and update system documentation, including procedures, job aids, and controls, with consideration for BaaS and Sponsorship Banking requirements.
• Assist in generating reports and dashboards to support BSA/AML, sanctions, and fraud monitoring, including reporting specific to BaaS and Sponsorship Banking activity.
• Support audits and regulatory examinations by providing system data, reports, and documentation.
• Identify opportunities for process improvements, automation, and enhanced controls across both traditional and partner-related system activities.
• Perform administrative and support tasks as needed to ensure efficient team operations.
• All other duties as assigned.

Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications

• Bachelor’s degree in information systems, risk management, or related field preferred (or equivalent work experience).
• 3+ years of experience in banking, financial services, or related environment, with experience in Bank Secrecy Act and OFAC regulatory requirements.
• Certified Anti-Money Laundering Specialist (CAMS) designation or comparable credential preferred; if not already obtained, expected within a reasonable period based on role requirements and exam availability.
• Familiarity with one or more BSA/AML transaction monitoring, fraud detection, or sanctions watchlist screening systems.
• Experience supporting or working with fintech, Banking-as-a-Service (BaaS), or Sponsorship Banking programs, either in a front-line (operations, onboarding, support) or back-end (systems, data, integrations, or risk/compliance) capacity preferred.
• Experience participating in system implementations, conversions, onboarding projects, or software deployment initiatives preferred.
• Experience administering platforms such as Verafin, Oscilar, Actimize, or similar AML/fraud monitoring solutions preferred.
• Experience or exposure to Artificial Intelligence/Machine Learning-driven tools, data analytics, or automation technologies supporting fraud detection, AML monitoring, or fintech/BaaS environments preferred.
• Strong technical aptitude with the ability to learn new systems and tools quickly.
• Detail-oriented with strong organizational and problem-solving skills.
• Effective written and verbal communication skills.
• Ability to manage multiple tasks and prioritize in a fast-paced environment.
• Proficiency in Microsoft Office (Excel, Word, PowerPoint).
• Ability to handle confidential information with discretion.
• Demonstrated willingness to learn and grow within system administration and financial crime compliance.

PHYSICAL DEMANDS/WORK ENVIRONMENT

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.
At the employer, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.
The employer offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
The salary range for this position is $80,000 to $95,000
Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, the employer offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with the employer, you’ll find a far-reaching choice of benefits and incentives.

Additional Information

The employer is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.
All employment decisions at the employer are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. The employer will not tolerate discrimination or harassment based on any of these characteristics.
The employer is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process.
If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note to Recruitment Agencies and Third-Party Recruiters

The employer kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of the employer, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.