Compliance Analyst

Compliance Officer Dallas, TX

Covered Compliance is growing FAST! We're looking for a driven, strategic, and hands-on BSA Analyst to help take our BSA/AML compliance program to the next level. This role is ideal for a seasoned professional with 10+ years of experience applying BSA/AML requirements within FinTech, consumer finance, and/or Banking-as-a-Service (BaaS) environments, supported by an active CAMS certification.

The Compliance Officer will play a critical role in strengthening Covered's BSA/AML framework, risk management practices, and regulatory compliance infrastructure. This position will help ensure the Company's program remains risk-based, effective, and responsive to evolving regulatory expectations, emerging financial crime risks, changes in the business, and the complexities of operating within a BaaS ecosystem.

The Compliance Officer will support and enhance core elements of the Company's BSA/AML program through risk assessment, regulatory analysis, monitoring, testing, issue management, reporting, control development, and program governance. The role will translate regulatory requirements and identified risks into practical, scalable controls and processes that support effective compliance while enabling responsible business growth and innovation.

As a subject matter expert, the Senior BSA Analyst will work closely with Compliance, Operations, Servicing, Product, Technology, the Bank, Westlake, third-party service providers, and other stakeholders to identify regulatory and operational risks, evaluate control effectiveness, develop remediation strategies, and strengthen the overall BSA/AML control environment.

As both a strategic contributor and tactical executor, the BSA Analyst will own and enhance key program components across Application Processing, 314(a) Requests, Issue Management, BSA/AML Risk Assessments, Compliance Testing, Regulatory Reporting, Complaint Management, and Transaction Monitoring. The role will directly influence how Covered identifies and manages financial crime risk, demonstrates regulatory compliance, strengthens operational controls, and enables innovation and trust across the Covered ecosystem.

Primary Responsibilities

BSA/AML Program Advisory & Coordination

• Provide day-to-day BSA/AML compliance guidance to business and operational stakeholders.

• Serve as a senior BSA/AML subject matter expert for the Bank, Westlake, and internal stakeholders.

• Coordinate BSA/AML-related requests, escalations, inquiries, and corrective actions.

• Evaluate regulatory requirements and translate them into operational controls and monitoring requirements.

• Identify emerging BSA/AML risks and recommend appropriate control enhancements.

AML, OFAC & Regulatory Requirements

• Support administration and ongoing enhancement of the BSA/AML Compliance Program.

• Monitor compliance with applicable BSA/AML requirements, including Customer Identification Program (CIP), Customer Due Diligence (CDD), beneficial ownership, suspicious activity monitoring, and recordkeeping requirements.

• Manage and/or support OFAC screening requirements and related escalations.

• Manage 314(a) requests and coordinate appropriate research, documentation, and responses.

• Support SAR-related investigations, escalation, decisioning, documentation, and regulatory reporting.

• Maintain awareness of applicable federal and state financial crime requirements.

Monitoring, Testing & Reporting

• Conduct risk-based manual and automated testing of BSA/AML controls.

• Review monitoring outputs and identify potential control weaknesses, production defects, and compliance exceptions.

• Support development and enhancement of automated compliance monitoring.

• Prepare monthly, quarterly, and annual BSA/AML compliance reporting.

• Review and validate compliance metrics, trends, exceptions, and management reporting.

• Testing may be conducted monthly, quarterly, bi-annually, annually, or on a risk-based schedule.

Audits & Examinations

• Coordinate BSA/AML responses to internal and external audits.

• Support Bank audits and examinations.

• Coordinate responses to state and regulatory examinations involving BSA/AML.

• Prepare documentation, evidence, testing results, policies, procedures, and management responses.

• Track examination and audit findings through resolution.

Training

• Develop and/or deliver BSA/AML-related compliance training.

• Support required Compliance Training, including FIS University assignments.

• Identify training gaps based on monitoring, testing, complaints, audit findings, and regulatory developments.

Issue & Escalation Management

• Identify, document, escalate, and monitor BSA/AML compliance issues.

• Perform root-cause analysis and recommend corrective actions.

• Monitor remediation through closure and validate that corrective actions adequately address identified risks.

• Escalate material BSA/AML risks to appropriate Compliance and management personnel.

Key Regulatory Areas

• AML/CFT / OFAC / 314(a) / CIP / CDD / Beneficial Ownership / Red Flags / Identity Theft where applicable to financial crime risk / Applicable state BSA/AML requirements / Regulatory examination and audit requirements

• The position also provides subject matter support for ECOA, FCRA, Reg E, TILA, UDAAP, GLBA, FACTA, FDCPA, SCRA, MLA, TCPA, CAN-SPAM, E-Sign, and other consumer compliance requirements where a BSA/AML nexus exists.

Qualifications

• Bachelor's degree in Finance, Business, Accounting, Criminal Justice, Compliance, or related field preferred.

• 5+ years of experience in BSA/AML, financial crime compliance, banking, financial services, or regulatory compliance.

• Strong knowledge of BSA/AML, OFAC, SAR, CIP/CDD, and 314(a) requirements.

• Experience with compliance monitoring, testing, risk assessments, audits, and regulatory examinations.

• Strong analytical, investigative, documentation, and communication skills.

• Ability to translate regulatory requirements into practical business controls.

• Experience working with financial institutions, bank partners, servicing organizations, or third-party service providers preferred.

• CAMS or equivalent certification preferred.

Core Competencies

• BSA/AML Subject Matter Expertise / Regulatory Interpretation / Risk-Based Compliance / Compliance Monitoring & Testing / Audit & Examination Management / Issue Management / Analytical & Investigative Reasoning / Regulatory Reporting / Written & Verbal Communication

Why Join Covered Compliance

• Be part of a rapidly scaling FinTech compliance team shaping the future of Fraud and AML strategy

• Play a direct role in building and enhancing enterprise-wide compliance program from the ground up

• Thrive in a collaborative, tech-forward and innovation-driven environment

• Competitive compensation, benefits and opportunities for long-term professional growth

FULL-TIME BENEFITS

• Medical, Dental, and Vision benefits
• Life Insurance and Long-term disability plans
• Flexible Spending Account
• 401K matching
• Employee Stock Ownership Program in a $18.2 Billion Company, plus company matching
• Wellness Programs
• Career Path Opportunities
• Discounts