Overview:
The BSA Investigator Senior is responsible for fulfilling the Anti-Money Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity, including but not limited to OFAC laws and the Bank's internal policies and procedures. In addition, a demonstration of extensive banking and compliance knowledge in working with AML/BSA/OFAC related issues, as well as adhere to confidentiality in handling information received in the course of responsibilities.
Principal Duties & Responsibilities:
- Analyzes customer activity and background information in order to detect suspicious activity and make decisions on appropriate action to take for potential red flags, money laundering risks, financial crimes, and terrorist financing. Reviews types may include subpoena analysis, 314(a) and 314(b) reviews, unusual referrals, lending referrals, escalated monitoring alerts and employee reviews which are essential to the sound business operations of the bank.
- Ensures timely and effective transaction analysis in order to identify potential unusual activity. Failure to comply can expose the Bank to regulatory fines and criticism.
- Properly complete a Suspicious Activity Report for Management review and agreement. Compile a client and transactional analysis with well-supported outcome.
- Takes ownership for identifying and mitigating risk within assigned areas of responsibility and for supporting risk mitigation across the business.
- Provides assistance in identifying systematic procedural weaknesses and additional training requirements for the Bank.
- Formulates 314b communication to exchange information with other financial institutions.
- Recommends relationship retention or closure.
- Conducts Enhanced Due Diligence on clients through in-depth on-line research.
- Conducts research utilizing the various Bank repositories, as well as the Internet and Public Databases.
- Meets assigned regulatory/departmental deadlines. Performs audit preparations.
- Prepares SAR backup documentation for any law enforcement requests as well as communication with law enforcement agencies as necessary for casework.
- Communicates with all areas of the bank including keeping the FIU Manager and BSA/AML Officer informed of high profile cases.
- Stays up-to-date on money laundering and terrorist financing trends and typologies to support findings.
- Timely execution of instructions received from BSA/AML Officer, FIU Manager, and/or Team Lead.
- Performs other special projects or assignments, as requested.
- Supports other analyst positions during vacations and sick times.
Qualifications:
- 5-7 years experience in reviewing and performing AML/BSA reviews.
- Banking experience and knowledge Required
- Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting.
- Completed and filed SARs to FinCEN.
- Strong analytical skills required to organize and analyze multiple, complete data sets as well as strong interpersonal and organizational skills.
- Excellent attention to detail and follow through skills. Strong technical and research skills.
- Strong ability to quickly grasp and understand business unit specific AML risks.
- Strong writing, analytical, and communication skills.
- Ability to understand and draw conclusions from research conducted.
- Takes initiatives, is proactive, self-motivator, self-starter, result driven out of the box thinker.
- Demonstrates desire for excellence and efficiency.
- Knowledge of various systems including core banking systems, Hyland Web Director, BI and Microsoft Office required.
- Strong excel skills with knowledge of Pivot Tables.
- Must have ongoing sense of urgency and high level of flexibility.
- Maintain current on BSA/AML/OFAC news and events as well as regulatory updates.
Education:
- Bachelor's Degree in Business or equivalent work experience.
Special Instructions to Candidates:
- Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
- Please view Equal Employment Opportunity Posters provided by OFCCP here.
- The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
- Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-###-#### or by e-mail at ...@citynational.com.
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