BSA/AML Investigator

WaFd Bank•Boise, ID

1d•$24 - $41

About The Position

The BSA/AML Investigator is responsible for performing BSA/AML and OFAC Investigations of account activity, and recommending the filing of Suspicious Activity Reports, as appropriate. Along with the key functions listed below, this position will be expected to uphold the value that Washington Federal places on simply being kind when working alongside colleagues and servicing our clients. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned: Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the the resolution of case reviews and investigations. Collect and examine financial statements and documents to assist in identifying unusual transaction patterns. Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.) Perform sanctions screening for customers and incoming and outbound payments. Investigate sanctions issues and provide recommendations as necessary. Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements. Recommend relationship retention or termination and track account closures as required. Adhere to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.

Requirements

Bachelor of Science or Bachelor of Arts degree
One (1) to three (3) years of related experience -- AML, transaction monitoring, alert clearing, escalation investigations, and SAR drafting.
May also have relevant experience in areas such as risk, operations, and audit
Knowledge of common money laundering methods and trends
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
Research skills including experience with online search tools
Knowledge of transaction monitoring systems and applicable rules
Effective writing, analytical, and communications skills

Nice To Haves

Relevant industry qualifications in AML (e.g., ACAMS) preferred

Responsibilities

Conduct research over available Bank systems, the Internet and Commercial Databases consistent with the the resolution of case reviews and investigations.
Collect and examine financial statements and documents to assist in identifying unusual transaction patterns.
Document and report the review/investigation findings and prepare case files with required supporting documentation (e.g. media search results, copies of statements/checks, results from internal system searches etc.)
Perform sanctions screening for customers and incoming and outbound payments.
Investigate sanctions issues and provide recommendations as necessary.
Draft and file Suspicious Activity Reports (SARs) consistent with FinCEN requirements.
Recommend relationship retention or termination and track account closures as required.
Adhere to bank policies and procedures designed to comply with Federal regulations, including but not limited to the Bank Secrecy Act, USA Patriot Act and OFAC regulations.