BSA/AML Investigator III
About The Position
The individual in this position is responsible for ensuring strict adherence to F&M Bank policies and procedures while adhering to federal/state regulatory requirements, with a focus on comprehensive anti-money laundering and BSA investigations. This individual demonstrates strong organizational skills and the ability to investigate possible suspicious activity while following the Bank’s anti-money laundering procedures. They will report the findings of such investigations to the BSA/AML Manager and work collectively with Manager to report activities to applicable regulatory authorities and to resolve business issues related to BSA quickly and in a professional manner.
Requirements
- Minimum of 3 to 5 years of experience specializing in banking, financial management and BSA/AML.
- Proven knowledge of all applicable federal and state laws/regulations pertaining to BSA/AML, USA Patriot Act and OFAC.
- Must have excellent organizational skills.
- Special skills to include, but not limited to Internet Banking, Personal Compute use, Word Processing, E-mail, EXCEL, Access and Data Entry.
- Successful completion of a credit check review is a condition of employment
Nice To Haves
- Bachelor’s degree in Business or related field is preferred but not required.
Responsibilities
- Assist with high risk customer reviews including: Cash Secured Loan reviews on a periodic basis to for all cash secured loans meeting the Bank’s requirement for review.
- Money Service Business reviews done semiannually on all existing MSB customers.
- CTR Exemption research, documentation provided to the BSA/Fraud Manager and Executive Management on proposed exemptions and annual reviews once a customer is exempted.
- Political Campaign and Political Action Committee account reviews. Research and write reports as required.
- Identifying, researching and reporting suspicious activity
- Managing the investigative process from initial detection to disposition
- Thoroughly and timely reviewing reports and bank records that potentially identify suspicious activity
- Providing case findings to the BSA/Fraud Department Manager for concurrence and/or feedback
- Evaluate, recommend and implement changes to work processes to increase department efficiency.
- Use automated systems when appropriate.
- Maintains current desk procedures and coordinates information/changes with the appropriate Bank personnel and customers.
- The ability effectively prioritize works assignments with changing priorities.
- Present a professional, business-like manner, appearance
- Maintaining confidentiality.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
