BSA/Fraud Operations Specialist

John Marshall Bank•Reston, VA

17h

About The Position

John Marshall Bank is seeking a BSA/Fraud Operations Specialist to support efforts to maintain full compliance with Bank Secrecy Act, Anti-Money Laundering (AML), OFAC, and Fraud prevention regulations. This role is responsible for conducting transaction monitoring, daily data validation, investigations, and reporting to help safeguard the bank and its customers from financial crime, while promoting John Marshall Bank’s commitment to integrity, accountability, and community trust. Requirements Conduct transaction monitoring, investigations, and reporting to help safeguard the bank and its customers from financial crime. Perform data validation and ensure data integrity of the AML monitoring system and conduct research of non-validated transactions. Understand the Bank’s Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements. Assist with reviewing CDD, EDD, CIP, and Know Your Customer documentation (KYC) information and documentation for completeness and accuracy as needed. Review daily and other periodic reports related to cash transactions, monetary instrument sales, missing EDD on DDM, and others as needed. Review Currency Transaction Reports (CTRs) suspects and prepare CTRs for filing and submission. Perform quality assurance reviews on completed CTRs as needed. Assist with CTR training monthly. Assist the Fraud Analyst and Fraud Specialist or serve as a back-up in reviewing fraud alerts as needed. Assist the BSA/AML Lead Analyst and Investigator in monitoring daily transaction alerts and exception reports for unusual or suspicious activity using the bank fraud monitoring tool and BSA/AML software. Communicate with Bank personnel as needed regarding cash transactions, CTRs, monetary instrument sales, CIP/CDD, and other BSA related matters. Collaborate with other team members in researching wire fraud, ACH and EFT fraud, and other fraud related matters. Review, track, and/or respond to inquiries or requests from Bank personnel such as suspicious memos, fraud incidents, CTR inquiries, and CDD/DDM inquiries. Other duties as assigned. Individual will be cross trained in other areas of BSA and Fraud.

Requirements

Minimum High School Diploma
Minimum 3 years’ experience in Bank retail or Bank Operations.
Experience with BSA preferred.
Moderate level of analytical and problem-solving skills
Self-motivated, resourceful and detailed oriented
Excellent communication, both verbal and written, with the ability to summarizing findings and presenting in a clear, concise manner to management.
The ability to navigate the internet and perform research from additional online resources.
Proficiency utilizing current technology and software applications related to the position, including the Microsoft Office Suite of applications.
Understand the confidentiality of work environment and respond accordingly to protect and preserve sensitive information.

Responsibilities

Conduct transaction monitoring, investigations, and reporting to help safeguard the bank and its customers from financial crime.
Perform data validation and ensure data integrity of the AML monitoring system and conduct research of non-validated transactions.
Understand the Bank’s Customer Identification Program (CIP) and Customer Due Diligence (CDD) requirements.
Assist with reviewing CDD, EDD, CIP, and Know Your Customer documentation (KYC) information and documentation for completeness and accuracy as needed.
Review daily and other periodic reports related to cash transactions, monetary instrument sales, missing EDD on DDM, and others as needed.
Review Currency Transaction Reports (CTRs) suspects and prepare CTRs for filing and submission.
Perform quality assurance reviews on completed CTRs as needed.
Assist with CTR training monthly.
Assist the Fraud Analyst and Fraud Specialist or serve as a back-up in reviewing fraud alerts as needed.
Assist the BSA/AML Lead Analyst and Investigator in monitoring daily transaction alerts and exception reports for unusual or suspicious activity using the bank fraud monitoring tool and BSA/AML software.
Communicate with Bank personnel as needed regarding cash transactions, CTRs, monetary instrument sales, CIP/CDD, and other BSA related matters.
Collaborate with other team members in researching wire fraud, ACH and EFT fraud, and other fraud related matters.
Review, track, and/or respond to inquiries or requests from Bank personnel such as suspicious memos, fraud incidents, CTR inquiries, and CDD/DDM inquiries.
Other duties as assigned.
Individual will be cross trained in other areas of BSA and Fraud.