BSA/AML Investigator I
The BSA/AML Investigator will be a member of the Enterprise Risk Management Team and report directly to the Financial Crimes Investigations Manager. This job has no supervisory responsibilities.
Monitors quality control of frontline negotiable instruments in preparation for trend analysis
Maintains 314(a) documentation
Decisions assigned enterprise-wide AML software money laundering and sanctions alerts according to BSA/AML Department procedures
Investigates transactions/scenarios/customer behavior and financial patterns in accordance with BSA/AML Department procedures for potential SAR filings
Drafts SAR narratives in accordance with BSA/AML Department procedures
Completes Enhanced Due Diligence reviews in accordance with BSA/AML Department procedures to include:
Analysis of transactional patterns
Review of applicable beneficial ownership
Negative news search
Risk conclusion narrative
Participates in BSA/AML/CIP/OFAC quality control reviews, audits, and exams by compiling requested items and producing various reports
Collaborates with other lines of business on Dynamic Risk Scoring research
Updates risk mitigation data/tracking as applicable
Successfully completes foundational BSA/AML training and/or certification within 30 days of hire
Participates in meetings necessary to promote efficiency and prioritizing of tasks across the Enterprise Risk Management Team
Provides BSA/AML Back Office Support for the Retail line of business
Partners with various lines of business in an effort to fully understand customer relationships
Maintains a current understanding of BSA/AML money laundering and terrorism financing issue
Maintains strict confidentiality over customer information
Other duties as assigned.
Bachelor’s degree preferred.
One - two years related experience and/or training; or equivalent combination of education and experience.
Skills and Abilities Required:
Strong writing, analytical, and communication skills, and must be able to multi-task and complete projects on time
Should be an organized, detail-oriented, self-starter with the ability to work independently or in teams.
Computer literate; basic proficiency in spreadsheet and database reporting applications; Microsoft Office Suite/internet navigation skills including proficiency with internet search engines.
Ability to understand and analyze specific transactions and trends within customer accounts.
Fundamental knowledge of general banking principles, philosophies, and operations.
Ability to establish and maintain effective work relationships both internally and externally