BSA Case Investigator

BSA Case Investigator

The Bank Secrecy Act (BSA) Case Investigator is responsible for the analysis of customer account transactions to detect suspicious activity and make determinations of proper action based on the results of the investigation. This Investigator is tasked with making recommendations to Financial Intelligence Unit (FIU) Management related to the effectiveness of monitoring methodology and / or investigative techniques employed, both automated and manually executed, to ensure appropriate Money Laundering / Terrorist Financing (ML / TF) countermeasures are in place.

Essential Duties and Responsibilities :

1. Maintains continuous awareness of policy / procedure updates resulting from changing regulatory requirements and adheres strictly to the Code of Ethics and all BSA / AML information security and confidentiality requirements, without exception. This duty is performed daily, about 15% of the time.

2. Receives and investigates customers that have been escalated within the FIU based on red flags identified by the Alert Investigation Team to determine the reasonableness of the scenario identified and to take appropriate action based on findings up to and including recommendations for suspicious activity reporting. This duty is performed daily, about 40% of the time.

3. Coordinates with Branch partners, Back-Office personnel, and other groups within the Enterprise AML Group to obtain all relevant information pursuant to system-generated scenarios, as well as referrals of unusual activity that have been escalated for investigation. This duty is performed daily, about 20% of the time.

4. Provides feedback on the meaningfulness of escalated scenarios to support training enhancement opportunities for the overall FIU monitoring and investigation approach (es). This duty is performed as needed, about 10% of the time.

5. Supports the BSA Case Investigation Team participation in BETA opportunities presented within the monitoring system for suspicious activity detection; may also assist with certain user tests for updated or new monitoring agents, as assigned by management. This duty is performed as needed, about 15% of the time.

6. Completes required BSA AML training and other compliance training as assigned. This duty is performed quarterly.

7. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.

8. Perform any other related duties as required or assigned.

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Education and Experience : Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 3 years related experience and / or training, or equivalent combination of education and experience.

Communication Skills : Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.

Mathematical Skills : Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to prepare and interpret bar graphs.

Critical Thinking Skills : Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Required Certificates, Licenses, Registrations : Not indicated.

Preferred Certificates, Licenses, Registrations : Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)

Software Skills Required : Intermediate : Spreadsheet, Word Processing / Typing. Basic : 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database, Presentation / PowerPoint.

Working Conditions : Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

Environmental Conditions : The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Physical Activities : The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations. Semi-repetitive, low physical. Semi-repetitive type work, which requires periods of concentration for varied time cycles as prescribed by the tasks. While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, talk or hear; occasionally required to stand, walk, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and / or move up to 25 pounds; frequently lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.

Additional Information :

• Three (3) years of qualifying experience must have been continuous, recent, and within a financial institution.
• Bachelor's degree focus desirable for position : Criminal Justice, Banking Compliance / AML Specialized, Political Science, Mathematics, or Economics.
• Experience working with transaction monitoring models, inclusive of models with multiple concurrent monitoring methodologies, is preferred.
• Certified Anti-Money Laundering Specialist (CAMS) and Certified Fraud Examiner (CFE) certifications preferred.