Financial Crimes Analyst - SIU Agent Fraud (Hybrid)

Transamerica • Cedar Rapids, IA

5d • Hybrid

About The Position

The Financial Crimes Analyst conducts routine to moderately complex reviews, investigations, monitoring, due diligence, and regulatory support to identify potential fraud, money laundering, sanctions, or related financial crimes risks. Working with general supervision, the Analyst applies procedures and investigative methods to document supported conclusions, recommend actions within guidelines, and escalate complex or higher-risk matters for further guidance.

The role includes investigating SIU matters such as suspected fraud, misconduct, misrepresentation, unauthorized activity, application fraud, claims fraud, and agent misconduct. It also supports transaction monitoring, alert investigations, sanctions screening, enhanced due diligence for higher-risk customers, and related regulatory obligations. The Analyst documents findings and helps determine whether escalation, regulatory reporting, SAR filing, sanctions reporting, or other action is warranted.

This is a hybrid position requiring three days in the office per week at a hub location in Cedar Rapids, Denver, or Philadelphia. Occasional travel of less than 10% may be required for meetings and industry conferences. Relocation assistance is not provided. Applicants must be legally authorized to work in the U.S. without immigration-related employment sponsorship.

Requirements

• Bachelor’s degree in business, finance, legal studies, criminal justice, risk management, compliance, or a related field.
• At least 2 years of relevant experience in financial crimes, compliance, fraud investigations, AML, sanctions, banking, insurance, law enforcement, risk management, or a related analytical or investigative function.
• Experience analyzing information, researching issues, documenting findings, and making risk-based recommendations.
• Strong analytical, investigative, critical thinking, organization, communication, and time-management skills.
• Ability to interpret and apply procedures, meet service standards, and use Microsoft Office applications.
• Legal authorization to work in the U.S. without immigration-related employment authorization sponsorship.

Nice To Haves

• Experience supporting AML, Fraud/SIU, sanctions, customer due diligence, transaction monitoring, suspicious activity monitoring, or financial crimes programs.
• Experience using case management systems, databases, reporting tools, or risk identification systems.
• Knowledge of financial crimes laws, regulations, industry guidance, audits, examinations, testing, or regulatory inquiries.
• Insurance, securities, banking, or financial services experience.
• Professional certification such as CAMS, CFE, CFCS, ACSS, or a similar designation.

Responsibilities

• Conduct routine to moderately complex reviews, monitoring, triage, investigations, and due diligence involving potential financial crimes or regulatory concerns.
• Analyze information from systems, transactions, customers, agents, claims, policies, and other sources to identify risks and support disposition decisions.
• Prepare clear investigative files, findings, recommendations, and case documentation in accordance with procedures and regulatory expectations.
• Support audits, examinations, reporting obligations, management reporting, dashboards, testing, projects, and system enhancements.
• Collaborate with internal partners to obtain information, communicate findings, and support risk mitigation.
• Manage assigned work accurately and promptly while meeting service standards and KPIs.
• Maintain knowledge of relevant regulations, typologies, investigative methods, and assigned program requirements.
• Evaluate suspected fraud, misconduct, misrepresentation, unauthorized activity, application fraud, claims fraud, agent misconduct, or other SIU matters.
• Prepare investigative documentation and support referrals to external parties, including law enforcement, fraud bureaus, state reporting programs, or Departments of Insurance.
• Support SIU regulatory obligations, including anti-fraud plans, annual reporting, referral tracking, adult protective services reporting, and state insurance fraud requirements.
• Perform transaction monitoring, alert investigations, sanctions screening, and other risk-based reviews for unusual activity or financial crimes risks.
• Conduct enhanced due diligence reviews of higher-risk customers, including review of customer information, source of funds or wealth, and relevant risk factors.
• Complete investigations and document whether escalation, regulatory reporting, SAR filing, sanctions reporting, or other action is warranted.

Benefits

• Annual bonus eligibility based on the Company Bonus Plan and individual performance, at the Company’s discretion.
• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Paid Time Off starting at 160 hours annually for employees in their first year of service
• Ten paid holidays per year
• Be Well Company holistic wellness program, including Wellness Coaching and Reward Dollars
• Paid parental leave of fifteen days per calendar year for eligible employees with at least one year of service
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs
• Competitive pay

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level