BSA Specialist II - Investigations

Wintrust Financial Corporation•Rosemont, IL

8d•Hybrid

About The Position

The BSA Specialist II - Investigations position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and from enterprise-wide referrals. This role has a working knowledge of BSA/AML/OFAC regulations and an overall understanding of banking products and services, preferably holds industry certifications, has experience working with anti-money laundering software, conducting investigations, and filing Suspicious Activity Reports (SARs). Coverage includes enterprise-wide review of our accountholders and their transactions: looking for unusual or suspicious activity; investigating potential suspects and provide adequate documentation of identified cases; and is responsible for the completion of filing of suspicious activity reports when appropriate. The position supports the overall BSA compliance efforts as required under the Bank Secrecy Act and the Bank's BSA/AML/ USA Patriot Act and OFAC Compliance Program and Procedures.

Requirements

3-5 years banking experience and 3-5 years BSA experience.
Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC.
Strong communication, critical thinking, problem solving and time management skills.

Nice To Haves

Experience preparing and filing SARs (Suspicious Activity Reports) preferred.
Experience with automated anti-money laundering software preferred.
Bachelor’s degree preferred

Responsibilities

Identify and analyze customer relationships for unusual and suspicious activity. Which at times may include a review of system generated Actimize alerts.
Provide accurate documentation of the suspicious activity and recommends appropriate actions.
Prepare Suspicious Activity Reports (SARs) and follows appropriate review, documentation and follow-up steps as outlined in Bank’s BSA/AML Program.
Maintain confidentiality of reports and documentation as required by law.
Review legal requests, 314b reviews, law enforcement requests, fraud investigation referrals, and conducts account reviews from a BSA/AML/USA Patriot Act perspective.
Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure.
Provides other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank’s BSA/AML and OFAC Compliance Program.