Job Description

: Description:

Position Purpose:

Responsible for investigating, researching, analyzing and evaluating varying degrees of complex cases of suspicious financial activity for possible Anti-Money Laundering (AML) violations involving all lines of business including retail, commercial, treasury management and mortgage.

Position Responsibilities:

• Investigate, research, analyze and evaluate complex account transactions and relationships for suspicious or unusual activity to mitigate regulatory, reputational and compliance risk.
• Utilizes independent judgment to review Suspicious Activity Notifications (SAN) from lines of business and internal AML software, to determine appropriate course of action.
• Prepares detailed investigation reports that logically and chronologically outlines investigative steps taken, researched and recommends if a Suspicious Activity Report (SAR) should be filed with the Financial Crimes Enforcement Network (FinCen).
• Review internal account relationships and activities where money laundering or employee misconduct allegations are possible.
• Perform and document due diligence reviews on exempt customers, high risk customers and new customers, as required.
• Attend various training seminars in order to maintain a proficient working knowledge of BSA/AML rules.
• Assumes departmental projects and initiatives as assigned to define and solve problems that involve issues of BSA and OFAC regulatory compliance.
• Assists the BSA Officer and Director of Compliance with additional duties, as assigned.
• Review BSA Manager Audit log to ensure feeds and information are imported during nightly processing and perform data validation, as needed.
• Perform Currency Transaction Reporting (CTR) reconciliation in CTR Manager and review/prepare CTRs for e-filing.
• Review daily reports to include but not limited to Large Cash, Returned Checks, and Overdrafts for Regulation O compliance.
• Perform Due Diligence Manager (DDM) report reviews and maintain contact with branch personnel for incomplete reports.
• Perform Branch Entry (MI Log) review utilizing the daily official checks report and maintain contact with personnel to verify the entries have been validated.
• Create monthly Branch Entry (MI Log) for review by the BSA Officer.
• Perform database scans utilizing the bank's AML software for OFAC and FinCen 314A. Conduct due diligence on suspect matches and report findings to BSA Officer.
• Perform updates to Watch List Manager module in the bank's AML software, as notified by Abrigo.
• Tag accounts identified as higher risk in the bank's AML software.
• Update/administer users of the bank's AML software, as notified of new hires, separation, or changes with appropriate user access.
• Other tasks as assigned.
• Create value for the bank and its employees.
• Be a good teammate.
• Live our core values.

Organizational Relationship

This position reports to the Bank Secrecy Act (BSA) Officer.

Position Administration

FLSA: Exempt

Requirements:

Education:

• High School Diploma.

Skills:

• Three (3) years of BSA/AML related experience within the financial industry.
• Strong computer skills relevant to Microsoft Office Suites (e.g., Word, Excel, Outlook, etc.).
• Organizational skills and attention to detail.
• Strong decision-making/problem resolution skills.
• Demonstrate strong analytical and math skills, organizational skills, and customer service skills.
• Effective verbal and written skills to effectively communicate in the English language required.
• Experience within Banking or similar field.

Abilities:

• Ability to learn bank programed software.
• Ability to build and maintain relationships with accounts while providing exceptional customer service.
• Ability to work all branch hours, remote or in office, including weekend and evenings.
• Ability to work within a team environment.
• Ability to read and comprehend simple instructions, short correspondence, and memos.
• Ability to read and interpret documents such as procedure manuals, general business correspondence, and/or journals, or government regulations.
• Ability to deal directly with the public, on the phone or face to face, following the Bank's Customer Service Standards.

Preferred Qualifications:

• Certified Anti-Money Laundering/Fraud Professional (CAFP) or willingness to obtain.
• Previous experience with Jack Henry operating system."

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