BSA/AML Investigator I
Job Description
Position Summary
The Financial Crimes Investigator I will be a member of the Enterprise Risk and Compliance Team and report directly to the Financial Crimes Investigations Manager. This job has no supervisory responsibilities.
Essential Duties & Responsibilities
Monitors quality control of frontline negotiable instruments in preparation for trend analysis
Decisions assigned enterprise-wide transaction monitoring, inclusive of Unusual Activity Referrals, 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
Collaborates with other lines of business on Dynamic Risk Scoring research
Updates risk mitigation data/tracking as applicable
File maintains customer risk score updates (High Risk customers, Money Service Businesses and Independent ATM Owner/Operators)
Reviews Cashier's Checks Issued Not Paid reports
Maintains 314(a) documentation
Drafts SAR narratives in accordance with BSA/AML Department procedures for standard financial crime typologie
Participates in BSA/AML/CIP/OFAC quality control reviews, audits, and exams by compiling requested items and producing various reports
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 issues
Maintains strict confidentiality over customer information
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
Experience & Education
Bachelor’s degree (B.A.) preferred.
One - two years related experience and/or training; or equivalent combination of education and experience.
Skills & 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, without supervision.
Strong Technical Skills and proficiency in launching applications and maneuvering in a Windows based environment.
Proficient in spreadsheet (formula usage and pivot tables) 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.
Ability to adjust to a rapidly changing environment.
Work Environment
The work environment characteristics described here maybe encountered while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Moderate noise (i.e. business office with computers, phone, and printers, light traffic).
Ability to work in a confined area.
Ability to sit at a computer terminal for an extended period of time. Occasional stooping or kneeling may be necessary.
While performing the duties of this job, the employee is regularly required to stand, sit, talk, hear and use hands and fingers to operate a computer keyboard and telephone.
Specific vision abilities are required by this job due to computer work.
Light to moderate lifting is required.
Regular, predictable attendance is required.
Add any travel or other physical requirements, as needed.
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Application Instructions
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