BSA/AML Analyst II

First United Bank

72d

About The Position

The BSA/AML Analyst II is responsible for analyzing complex events of suspicious activity and/or money laundering to ensure that all potentially suspicious events are appropriately identified, documented, and reported within specified timeframes in accordance with the Bank Secrecy Act Compliance Program. Assists BSA Operations Manager with maintaining necessary records and files to ensure efficient and consistent reporting of all suspicious investigations.

Requirements

• High School Diploma or GED required.
• Bachelor’s Degree in Criminal Justice/Criminology or Finance/Banking/Business preferred.
• ACAMS and/or CFE Certifications preferred.
• Minimum 3-5 years Banking/Compliance experience required.
• Knowledge of federal BSA/AML regulations required.
• Familiar with bank operations in general.
• Ability to professionally interface with Management and Team members, State and Federal regulators and officials, and business partners.
• Ability to work with highly-confidential and sensitive business information.
• Proficient in Microsoft Office or similar software programs.
• Must possess a high level of initiative and a natural investigative demeanor.
• Ability to work independently and in a team environment.

Responsibilities

• Review daily tasks, perform independent analysis, and quality control to determine activity that should be escalated for potential suspicious activity reporting.
• Determine if case should be created and/or escalated SAR consideration; obtain approval from the BSA Operations Manager as necessary; and assist with documentation within regulatory timeframes.
• Compile data and maintain necessary records and files to ensure efficient and consistent reporting of all suspicious investigations.
• Serve as a subject matter expert for BSA department staff with a proficiency in investigations related to money laundering and other potentially suspicious activities.
• Compose narratives to document potentially suspicious activity for reporting purposes and create reports based on available information related to the investigation.
• Make recommendations for closing accounts and perform associated follow up to ensure the closure of the accounts.
• Research, analyze, and investigate customer account behavior on a daily basis for potential suspicious activity and/or money laundering.
• Track trends and detect unusual activity or behavior; monitor large currency activity and transactions.
• Review large currency transactions and reports for completeness and accuracy.
• File appropriate currency transaction reports within required deadlines.
• Assume responsibility for special projects including Bank’s OFAC and Information Sharing Program.
• Assist in updating and maintaining BSA/AML/OFAC policies and procedures.

Benefits

• Career opportunities and a wide array of benefits for staff.
• Recognition as a 'Best Places to Work' organization by OKCBiz Magazine.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees