Sr. Associate – Bsa

Sr. Associate – Bsa

Requirements

• B.A. or B.S. degree or equivalent experience (3-5 years financial crimes compliance experience) required with emphasis in Business Administration, Finance, Criminal Justice, etc. preferred.
• 3-5 years financial crimes investigation experience or know your customer (KYC) practices
• Strong knowledge of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements
• Proven ability to independently research, comprehend, extract and utilize information gathered from regulations
• Strong analytical and problem-solving skills with the ability to conduct logical investigations of financially related activities
• Ability to multi-task while adhering to multiple timetables of completion
• Excellent written and oral communication skills as evidenced by the ability to communicate recommendations to Sr. Management in a thorough, concise and business friendly way
• Advanced proficiency in Microsoft Word, Excel, and PowerPoint and experience with the Internet and on-line research
• Self-starter and organized, and ability to work independently, without supervision.
• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred as well as compliance with those business segments
• AML subject-matter expert, CAMS certification strongly encouraged within 24-36 months.

Responsibilities

• Recommend, develop, and implement enhancements for operational or technological processes within Financial Crimes Program
• Assist in the development and enhancement of the AML Program and all related policy, processes, and procedures
• Understand, advise, and assist in the development and implementation of key standards, guidance, and tools
• Help identify enhancements to controls and develop action plans
• Develops training for internal and external audiences
• Research and investigate individuals and enterprise-wide issues related to possible money laundering and other illicit activity
• Conduct transaction analysis by using financial crimes management tools, reports and systems to detect risk as they relate to money laundering, fraudulent or terrorist activity
• Review events, individuals and transactions to decipher patterns and spot anomalies
• Identify appropriate issues for escalation to the case investigation team and/or management as appropriate
• Complete alert inquiries within allotted timeframes, meeting or exceeding operational goals regarding number of inquiries completed as well as alert effectiveness
• Organizes investigative results to document and determine the outcome of the investigation and support the conclusion with evidence and well written notes while ensuring that alert decisions are completed in a timely and accurate manner
• Open cases on matters requiring further investigation and possible SAR filing
• Recognize the effectiveness of data collection and analysis and recommend improvements to existing procedures
• Process other government lists, search the FNB customer database, research any potential matches, and escalate as appropriate
• Conduct in-depth and complex financial crimes assessments, evaluations, and investigations of high profile or special interest to the company and/or law enforcement
• Assess best means to and conduct review and analysis of financial information to detect risk as they relate to money laundering, fraudulent or terrorist activity
• Review events, individuals and transactions to decipher patterns and spot anomalies
• Interact with and interview clients/suspects and other external sources in order to obtain relevant information and documents
• Conduct internal investigations of theft, embezzlement and other highly sensitive matters
• Identify appropriate issues for escalation. Triage cases and identify items appropriate for Senior Management escalation
• Organize investigative results to document and determine the outcome of the investigation and support the conclusion with evidence and a well written report while ensuring that the all reports are completed in a timely and accurate manner
• Make critical SAR filing decisions; file SARs and other police reports when appropriate
• Be supportive and work closely with law enforcement to further investigate and prosecute persons involved in possible money laundering and other illicit activity. Represent the Bank in public settings such as FISA meetings, law enforcement meetings, and when testifying in court
• Complete detailed analysis focused on customers and third parties, as well as mitigate economic sanctions / OFAC risk
• Performing initial and ongoing enhanced due diligence reviews focused on highest risk business customers, performing analysis and follow-up, making a recommendation to management regarding a customer’s risk level
• Conduct in-depth financial crimes assessments and evaluations of the bank’s customers and third parties, including prohibited and complex customer reviews
• Identify slight differences in each review by understanding the customer’s unique risk profile based on their geographic location, customer type, products and services utilized, and transaction activity
• Working economic sanctions alerts to identify potential sanction evasion activity by an account owner from a broadly sanctioned country
• Complete economic sanctions escalation reviews for mitigation of risk
• Understand, enhance, and comply with the Bank’s Financial Crimes Program, which includes, but is not limited to the following:
• Comply with the Bank’s Customer Identification Program and Customer Due Diligence Policy
• Assess the effectiveness of data collection and analysis and recommend improvements to existing procedures
• Complete Financial Crimes training in a timely manner as directed by management
• Utilize data and develop tools to effectively identify and report complex events focused on the eight National AML priorities. Be the subject matter expert on the eight National AML priorities. Provide subject matter expertise to the Alerts & Inquiries team and act as a point of contact for day-to-day issues
• Act as a leader on the team mentoring junior staff by providing advice and direct
• Act as a point of contact for the bank for BSA, AML and Fraud matters on the highest priority, high profile and/or sensitive investigations
• Liaise with Senior and Executive Leadership as appropriate
• Assist with advanced responsibilities, including client communication and recovery efforts
• Liaise with other banks’ Financial Investigation units, other banks’ BSA/AML compliance and fraud teams and Law Enforcement
• Develop presentations used to engage in community outreach efforts promoting fraud and financial crimes awareness
• Exhibits professional behavior and promote positive working relationships
• Complete special projects within allotted time frames
• Be accountable for continuous best efforts to complete the required job
• Exercise a willingness to be a resource to colleagues
• Be solution oriented as issues arise
• Act as a change agent and leader on the team to drive the BSA/AML Program forward
• Practice FNBO values and support the goals and strategic plan
• Be proactive and respectful in all relationships
• Maintain constructive working relationships.

Preferred Qualifications

• General understanding of Senior Public Figures, Money Service Businesses, Wealth Management and Retail Banking preferred as well as compliance with those business segments
• CAMS certification strongly encouraged within 24-36 months.