Description
Responsible for analysis of suspicious activity, including referrals from internal sources, account activity monitoring, and transaction monitoring. Provides assistance in conducting investigations of suspicious activity and completion of required documentation. Responsible for assigned Customer Due Diligence and Enhanced Due Diligence activities governed by BSA and AML/CFT regulations. Strict adherence to BSA AML/CFT regulations and internal policy and procedures governing oversight, document retention and accurate and timely regulatory reporting. . Participates in all internal and external BSA AML/CFT audits and examinations. Responsible for the review and investigation of system and/or reports to detect potential BSA AML/CFT violations. Position requires analytical skills to examine account activity and recognize suspicious or unusual patterns, as well as research skills using bank records and online sources to gain an understanding of customers and their activity and the consistent and accurate use of specific BSA AML/CFT risk management software. Requires absolute confidentiality. Engages in first line of defense risk identification and reporting.
Essential Job Responsibilities
1. Analyze suspicious activity referrals from all business lines of the company, as well as third parties and law enforcement.
2. Assist in conducting suspicious activity investigations, using discretion in elevating concerns to appropriate levels of personnel, preparing SARs, and maintaining documentation.
3. Provide ongoing monitoring of suspicious accounts. Investigates cash (and other transactions such as checks, wires and ACH) transactions and complete SAR's. Completes and maintain case files for all activity in accordance with prescribed retention practices.
4. Participate in all internal and external BSA AML/CFT audits and examinations, while insuring that no violations of law or repeat findings from previous audits or examinations occur.
5. Responsible for the review and necessary investigation of output from any systems, reports or processes used to detect activity/transaction/data governed by BSA and AML/CFT regulations.
6. Responsible for assigned Customer Due Diligence and Enhanced Due Diligence activities governed by BSA and AML/CFT regulations.
Bona Fide Occupational Qualifications
1. B.A. degree in Business, Finance, Criminology or related field, or equivalent experience required.
2. A minimum of 1 year previous banking experience required, preferably compliance or fraud related and involved with client transactions, and a basic knowledge of BSA/AML.
3. Proficient interpersonal skills so as to work effectively with clients, employees, regulatory officials and law enforcement regarding BSA/AML issues.
4. Requires a valid driver's license and ability to travel as necessary/needed within FCB's regional banking network.
5. Proficient reading, writing, and grammar skills; proficient analytical and mathematical skills; proficient communicative and interpersonal relations skills.
6. Ability to comply with established budgets and operate within budgetary constraints.
7. May be eligible for Telecommuting.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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)
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