POSITION PRIMARY PURPOSE:
Under general supervision, review for suspicious activity both systems generated reports and escalated alerts from various business lines regarding consumer and business accounts. Assist in communication, investigation and dissemination of information concerning BSA regulatory requirements and AML policies. Conducts account research, review and monitoring. Responsible for mastering several computer applications used to research, review and write a comprehensive narrative.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Core duties and responsibilities include the following. Other duties may be assigned.
Essential Job Functions and Responsibilities
Responsible for fulfilling the Anti-Money-Laundering/Bank Secrecy Act requirements through identification and investigation of suspicious activity
• Actively ensures compliance with company and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures.
• Evaluates and analyzes the information uncovered during the investigation and makes recommendation regarding whether a Suspicious Activity Report (SAR) must be filed.
• Prepares Suspicious Activity Reports (SARs).
• Prepares and reviews case files with all required documentation for BSA retention.
• Maintains watch list customers and investigates for continued suspicious activity.
• Reviews new account information for compliance with CIP.
• Communicates with employees and/or management to follow-up on questionable CIP items/exceptions. Appropriately escalates material risks to manager.
• Other duties as assigned.
Examines establishment policies, procedures, and practices to ensure compliance with laws and regulations.
Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations.
Assist business units in implementing processes necessary to comply with regulations.
Stays abreast of changes to federal and state banking laws and regulations affecting the management, operations, and product offerings of the establishment.
EDUCATION AND EXPERIENCE REQUIREMENTS:
Four-year college or university program certificate.
2 + years’ experience working with Anti-Money-Laundering/Bank Secrecy Act requirements in a commercial bank, credit union or payments company setting.
A broad knowledge of the Bank Secrecy Act, Anti-money laundering compliance, general compliance and/or risk-based compliance with an understanding of technology and best practices in the BSA/AML/Compliance field.
CAMS or equivalent certification preferred.
COMPETENCIES:
Strong Analytical skills - Synthesizes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs workflows and procedures.
Problem Solving Skills - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Works well in group problem solving situations; Uses reason even when dealing with emotional topics.
Written Communication - Writes clearly and informatively; Edits work for spelling and grammar; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed.
Quality Management - Looks for ways to improve and promote quality; Demonstrates accuracy and thoroughness.
Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
Strategic Thinking - Develops strategies to achieve organizational goals; Understands organization's strengths & weaknesses; Analyzes market and competition; Identifies external threats and opportunities; Adapts strategy to changing conditions.
Judgment - Displays willingness to make decisions; Exhibits sound and accurate judgment; Supports and explains reasoning for decisions; Includes appropriate people in decision-making process; Makes timely decisions.
Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.
Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
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