FCRM Investigations and Reporting Analyst III (Hybrid)

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

3d•Hybrid

About The Position

Overview Work Arrangement: After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office. Investigates and analyzes the most 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. Cross trains in other FCRM functions. Responsibilities Essential Functions Conducts financial forensic investigations on AML cases involving complex transaction patterns. Case sources include internal applications, referrals from business lines, law enforcement and department intelligence. Determines and pursues the best investigative approach for each unique case, ensuring that key questions are addressed, and that compliance AML department policies and regulatory expectations are satisfied. Assesses risk represented by the customer and/or the activity in which the customer has engaged. Prepares Suspicious Activity Reports (SAR) in compliance with established regulatory guidelines and time frames. Communicates findings, status, open issues, and other AML-related items to management regularly. Interfaces with internal stakeholders to obtain information related to their client’s transaction activity. Sends requests for information during the investigative and fact-finding processes, as needed. Escalates and coordinates cases with law enforcement as applicable. Effectively obtains information and assistance from appropriate 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. Trains and works across FCRM departments as needed including one or more of the following areas: Sanctions, KYC, or Surveillance and Monitoring. Provides feedback, inputs and suggestions on AML (Anti-Money Laundering) 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.

Requirements

Undergraduate degree in a related field preferred. Otherwise, a non-related undergraduate degree and combination of training and experience will be considered.
6 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.

Nice To Haves

Extensive experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
Extensive working knowledge of BSA/AML and KYC rules and regulations with exposure to SARs documentation.
Experience in training, coaching, and/or mentoring others.
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 cases involving complex transaction patterns.
Determines and pursues the best investigative approach for each unique case, ensuring that key questions are addressed, and that compliance AML department policies and regulatory expectations are satisfied.
Assesses risk represented by the customer and/or the activity in which the customer has engaged.
Prepares Suspicious Activity Reports (SAR) in compliance with established regulatory guidelines and time frames.
Communicates findings, status, open issues, and other AML-related items to management regularly.
Interfaces with internal stakeholders to obtain information related to their client’s transaction activity.
Sends requests for information during the investigative and fact-finding processes, as needed.
Escalates and coordinates cases with law enforcement as applicable.
Effectively obtains information and assistance from appropriate 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.
Trains and works across FCRM departments as needed including one or more of the following areas: Sanctions, KYC, or Surveillance and Monitoring.
Provides feedback, inputs and suggestions on AML (Anti-Money Laundering) 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.