FCRM Investigations and Reporting Analyst I (Hybrid)

The Bancorp Bank, N.A. • Sioux Falls, SD

15d • Hybrid

About The Position

Work Arrangement: After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office. Investigates and analyzes potential Anti-Money Laundering (AML) and fraudulent transactions and document findings up to and including filing out Suspicious Activity Reports (SARs) and escalating cases to the proper government enforcement authorities.

Requirements

• Undergraduate degree in a related field preferred. Otherwise, a non-related undergraduate degree and combination of training and experience will be considered.
• 3 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.
• Excellent verbal, written, and interpersonal communication skills.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.

Nice To Haves

• Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
• Strong working knowledge of AML and KYC rules and regulations with exposure to SARs documentation.

Responsibilities

• Conducts financial forensic investigations on Anti-Money Laundering (AML) cases involving complex transaction patterns, including those derived from internal escalations, referrals from business lines, law enforcement requests, and department intelligence.
• Determines and pursues the best investigative approach for each unique case, ensuring material risk factors are addressed in compliance with AML department policies and regulatory expectations.
• Writes and prepares Suspicious Activity Reports (SAR), following established regulatory guidelines and time frames.
• Documents steps taken through the investigation escalation process through supporting research and data.
• Communicates findings, status, open issues, and other AML-related items to management regularly.
• Interfaces with internal and external partners to obtain information, as needed, on questionable transaction activity.
• Works closely with internal groups to ensure understanding of SAR and investigative requirements.
• Provides feedback, input, and suggestions on Know Your Customer (KYC) issues, acting as a subject matter expert on the operations and processes to streamline and improve function effectiveness.
• Performs other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees