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- Assist in and perform investigations for cases elevated from monthly exceptions or targeted monitoring.
- Assist in investigations for subpoenas received as well as accounts with OFAC and FinCEN 314a matches for unusual activity and document findings accordingly.
- Prepare and file Suspicious Activity Reports (SARs) within regulatory timeframes and in accordance with BSA/AML Compliance policies and procedures.
- Administer essential workflow functions such as monthly exception distribution, documenting complex cases as well as ensuring that SAR narratives include all pertinent data elements.
- Assist in and perform the research, analysis, and investigation of account behavior for potential unusual activities in accordance with the BSA/AML/OFAC monitoring policy.
- Ensure all records are maintained in an organized manner and according to legally prescribed retention schedules.
- Maintain tracking of monthly pending items and statistics in the BSA/AML Dept.
- Participate in alert tuning exercises to enhance the effectiveness of the monitoring system.
- Provide effective and accurate compliance support to the Bank’s business and operating units in connection with BSA/AML/OFAC matters.
- Assist in and perform investigations into cases referred by Bank personnel for unusual activity and document findings accordingly.
- Assist in the monitoring of new and revised BSA/AML/OFAC laws and regulations, including regulatory changes and new/emerging issues, assessing impact on the Bank, and implementing the changes.
- Assist in updating and maintaining BSA/AML/OFAC policies and procedures to maintain compliance.
- Assist in providing training and support as needed.
- Perform other duties as assigned.
- CAMS or CRCM certification is preferred.
- 5+ years of related experience with emphasis on BSA transaction monitoring;
- Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, the US Patriot Act, OFAC, and Suspicious Activity Reporting;
- Strong analytical skills are 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 and Excel skills;
- Excellent writing, analytical, and communication skills;
- Ability to understand and draw conclusions from research conducted;
- Must have an ongoing sense of urgency and a high level of flexibility;
- Maintains current on BSA/AML/OFAC news and events as well as regulatory updates.
- PC proficiency with Microsoft Office products, including Word and Excel, and knowledge of Database and Internet software.
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