FCRM Investigations and Reporting Analyst II (Hybrid)

Bancorp Bank, The•Sioux Falls, SD

10d•Hybrid

About The Position

Investigates and analyzes more complex potential anti-money laundering and fraudulent transactions and document findings up to and including filing Suspicious Activity Reports 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.
5 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.
Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements.

Nice To Haves

Extensive working knowledge of BSA/AML and KYC rules and regulations with exposure to SARs documentation.
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.
No travel required.

Responsibilities

Conducts financial forensic investigations on AML (Anti-Money Laundering) 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.
Escalates and coordinates cases with law enforcement as applicable. Obtains information and assistance from law enforcement agencies, peer banks, and other external groups on AML issues and cases.
Works closely with internal groups to ensure understanding of SAR and investigative requirements.
Provides feedback, input, and suggestions on and 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.