BSA Investigator I

The BSA Investigator I is responsible for ensuring the requirements of the BSA/AML/OFAC Program are maintained at a level commensurate with regulatory examinations. The role is responsible for performing suspicious activity monitoring to identify customers which pose a risk for money laundering and terrorist financing. This role also is responsible for conducting high risk customer investigations, regulatory screening reviews, transaction reporting, and suspicious activity reporting. The BSA Investigator compiles, analyzes, and documents applicable activities in compliance with BSA/AML/OFAC procedures and regulatory requirements.

PRINCIPAL DUTIES AND RESPONSIBILITIES

1. Independently researches, analyzes, and decisions customer activity for potential money laundering, terrorist financing, or suspicious activity.
2. Compiles data and maintains necessary records and files to assure efficient and consistent reporting of alerts and investigations.
3. Reviews and analyzes automated alerts for potential suspicious activity maintaining production and performance standards.
4. Develops, maintains, and as necessary facilitates contact with federal and state law enforcement agencies to facilitate investigations.
5. Communicates with customers and other departments to further gather evidence for investigations and provide coaching and interviews related to BSA topics.
6. Performs periodic file reviews to ensure activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.
7. Performs customer due diligence (CDD) and enhanced due diligence (EDD) on heightened-risk customers.
8. Investigates potentially suspicious activity, make risk-based SAR recommendations and prepare SARs.
9. Serves as a resource on suspicious activity monitoring to Line of Business by communicating BSA/AML/OFAC requirements and implications to their operations.
10. Maintains a current thorough understanding of money laundering and terrorist financing including policies, procedures, regulations, industry best practices, criminal activities, and developing trends
11. Takes appropriate action on all internal and external notifications and requests.
12. Assists and provides support to others in the department during high volume monitoring periods or absences.
13. Performs other duties as assigned.

EDUCATION AND/OR EXPERIENCE

• Associates or bachelor’s degree in criminal justice or related field, or equivalent work or educational experience required.
• 1-2 years' BSA/AML/OFAC, Fraud or Compliance experience required, or equivalent combination of education and experience.
• Preferred to maintain or pursue the Certified Anti-Money Laundering Specialist (CAMS) certification, Certified AML and Fraud Professional (CAFP), and/or Certified Fraud Examiner (CFE).

KNOWLEDGE, SKILLS, AND ABILITIES

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Knowledge of regulatory environment(s) and emerging BSA/AML and fraud trends.
• Strong investigative, written and oral communication skills.
• Strong commitment to ethics, and the ability to understand a variety of issues and perspectives.
• Understanding of the banking industry, including bank partnerships with fintech companies.
• Multitask effectively and action matters promptly both independently and in a team environment.
• Handle highly confidential information with appropriate discretion and work in a high volume, fast paced environment.