Financial Crimes Investigator

Evolve Careers•Memphis, TN

32d

About The Position

The Financial Crimes Investigator will contribute to the day-to-day operations of the AML Investigations team within the AFC Department. The Investigator will conduct investigations into suspicious activities, gathering evidence and drafting narratives to resolve reputational, regulatory, and conduct risks to the bank. The investigator will manage an individual queue of diverse matters and ensure that department Service Level Agreements are met, regulatory expectations are adhered to, and maintain quality excellence with every matter.

Requirements

Bachelor's degree preferred or relevant experience in financial services.
Minium five (5) to seven (7) years of banking experience with an emphasis in anti-money laundering operations, OFAC operations, investigations, or consumer compliance functions.
CAMS, CFE, or equivalent certification(s) or willingness to obtain certification(s).
Minimum of five (5) years of experience writing BSA reports.
Focus on customer service to both external and internal customers.
Minimum of five (5) years of experience drafting and executing investigative plans.
Minimum of five (5) years of experience actively managing an individual queue in a case management system, effective at deconfliction and link analysis.
Advanced knowledge of Bank Secrecy Act, USA Patriot Act, OFAC and related regulations.
Ability to explain BSA concepts with confidence such as AML, KYC, CIP, CDD, EDD, OFAC.
Ability to organize, analyze and interpret data to explain complex irregularities or trends.
Ability to observe strict confidentiality requirements.
Analytical skills and the ability to resolve complex problems with minimal guidance.
Attention to detail and accuracy.
Strong verbal and written communication skills.
Effective time management, planning and organizational skills.
Ability to manage multiple tasks/projects and deadlines simultaneously.
Can work independently, requiring little to no prompting from your supervisor.

Responsibilities

Review escalated AML transaction monitoring alerts and/or unusual activity referrals for suspicious activity for retail bank and fintech partner transaction activity within the established Service Level Agreement (SLA)s.
Demonstrate proficiency in identifying and remediating criminal methods and AML typologies, applying these characteristics through proactive analysis of transaction data and facts collated.
Conduct complex investigations aimed at identifying money laundering, significant regulatory, reputational or conduct risk to the bank.
Demonstrate competency gathering evidentiary information and maintaining case files.
Draft in depth narrative summaries of suspicious activity; prepare and submit Suspicious Activity Reports (SARs) as needed.
Stay current on industry standards and developments in the areas of KYC, BSA/AML, and OFAC, and apply regulatory requirements and internal policies to your analysis.
Make recommendations on adverse action and account closure requests.
Share knowledge and help train other investigators.
Assist with special projects within the department as needed.
Assist in preparing reports and presentations requested by management.
Follow all applicable federal laws, rules, and regulations relating to the Bank Secrecy Act, Anti-Money Laundering and the Office of Foreign Assets Control (BSA/AML/OFAC).
Determine if case reviews need to be expanded based on findings.
Document case findings, maintaining supporting documentation for the case decision.
Develop and maintain effective relationships with regulatory bodies, law enforcement intelligence agencies, sister bank networks, and industry professional associations.
Keep abreast of the threat landscape, threat vectors and actors.
Perform other job duties as assigned.