Financial Crimes Risk Analyst

Origin Bank • Ruston, LA

94d

About The Position

Assists in ensuring the Bank’s compliance with the applicable aspects of the Bank Secrecy Act (BSA), USA PATRIOT Act, and Office of Foreign Assets Control (OFAC) regulations by monitoring, identifying, reporting, and investigating suspicious activity relative to potential money laundering activity, financial crimes and/or terrorist financing. The FCRM Analyst will assess the financial crimes risk of customers so as to ensure compliance with the myriad of Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations related to customer identification procedures (CIP), customer due diligence (CDD), procedures for enhanced due diligence (EDD), and beneficial ownership (BO).

Requirements

• Bachelor's degree (B. A.) from four-year college or university preferred.
• Minimum three years of banking experience required including recent bank BSA compliance experience within the last 12 months.
• Equivalent combination of education and experience.
• Certified Anti-Money Laundering Specialist (CAMS) and/or Certified AML and Fraud Professional (CAFP) certification preferred or willingness to obtain within a specified time (1 year).
• Knowledge of the Internet, Outlook, Microsoft Word and Excel.
• Ability to learn bank-specific software such as Verafin, IBS (Core), IBS (Teller Insight), etc.

Nice To Haves

• Maintains proficient knowledge of the rules and regulations, including but not limited to, the Bank Secrecy Act, USA Patriot Act, and OFAC as well as the bank’s policies and procedures.
• Ability and judgment to interact and communicate appropriately with other employees, customers and supervisor.
• Ability to serve customers, both internal and external, in a manner that will reflect superior customer relations.

Responsibilities

• Performs scheduled Enhanced Due Diligence (EDD) reviews of accounts deemed as high risk, including but not limited to Money Service Businesses (MSBs), Marijuana or cannabis-related or cannabis-adjacent related businesses (MRBs), Non-Bank Financial Institutions (NBFIs), Politically Exposed Persons (PSPs), Non-Resident Alien (NRA), privately-owned ATM operators (POATMs), Crypto-Currency, etc.
• Documents EDD monitoring and tags accounts appropriately in Verafin.
• Accurately analyzes transactional account trends and patterns, identification documentation to efficiently document a conclusion upon completion of EDD reviews of high risk customers.
• Makes recommendations to accept high risk, mitigate to medium/moderate risk, or refer for account closure.
• Provides updated information to the appropriate Financial Crimes Risk Manager for updating/revising procedures for the handling of newly identified high-risk customers.
• Reviews reports in Verafin to determine if there are NGO (Non-Government Organizations), MRBs (Marijuana-Related Businesses), or MSB (Money Services Businesses) unidentified in the BSA system.
• Evaluates transactional activity in accounts identified as Privately Owned ATMS (POATMs) or MSBs to determine any unusual patterns or lack of cash activity based on trends.
• Stays up-to-date on MSB and MRB requirements for Louisiana, Mississippi and Texas, Alabama, and Florida as well as federal guidelines.
• Communicates with applicable bank personnel to obtain any further documentation and/or information necessary to complete the investigations or reviews of high risk accounts.
• Tracks documentation required on all MSBs and directly works with retail and lending employees to resolve any exceptions.
• Processes alerts in Verafin that reflect any Privately-Owned ATM type transactions for accounts not previously identified as POATM owners.
• Adds comments to new Remote Deposit Capture (RDC) accounts in Verafin with risk rating assigned.
• May be assigned alerts in Verafin for red flags or new account scenarios and others as assigned to review and determine if the alert can be cleared or needs further investigation.
• Utilizes a variety of internal bank systems and external research tools to investigate, research, and prepare documentation related to anti-money laundering investigations.
• Develops an understanding of the industry and AML related regulations, as well as patterns of behavior that represent suspicious activity.
• Stays up-to-date on current and new policies and regulations as they relate to anti-money laundering schemes and characteristics.
• Supports any special projects or critical casework regarding BSA/AML matters.

Benefits

• Career development and leadership coaching.
• Wellness programs.
• Recognition of contributions and fostering a team environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree