Financial Intelligence Group Investigator

S&T Bank•Hilliard, OH

3d•Onsite

About The Position

Assists the Financial Intelligence Group Senior Coordinator – High Risk Customer Team in performing investigations for unusual/suspicious activity to ensure S&T Bancorp, Inc (S&T) operates in accordance with federal and state laws and regulations related to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) rules, USA PATRIOT Act (USAPA), the Anti-money Laundering Act of 2020 and Office of Foreign Assets Control (OFAC) to protect the Bank from legal/compliance, and transaction risk.

Requirements

Requires a bachelor’s degree or equivalent in Business, Legal Studies, Law Enforcement or related major, or equivalent experience. plus specialized training.
Responsible for possessing or the capability of understanding basic knowledge of US regulations regarding Bank Secrecy (BSA), Anti-Money Laundering rules, USA Patriot Act, the AML Act of 2020, Office of Foreign Assets Control, suspicious activity and Federal crimes.
Requires two to five years of general experience and one to two years of specialized experience in fraud monitoring/detection, Verafin or similar monitoring software, BSA/AML Compliance

Responsibilities

Maintains and uses knowledge and understanding of relevant laws, rules, regulations, policies, and procedures that apply to position responsibilities. In addition, maintains knowledge of current money laundering, terrorist financing (ML/TF), and other financial crime methodologies and emerging trends.
Assists in identifying risk, including control assessments, as directed.
Conduct Enhanced Due Diligence (EDD) investigations on high-risk customers and high-risk geographies or industries.
Review and analyze customer identification documents, including Beneficial Ownership, business structures, and source of wealth/funds information.
Assists with suspicious activity investigations.
Assists the Financial Intelligence Group Senior Coordinator – High Risk Customer Team in communicating and ensuring corrective actions are taken for any identified procedural or training weaknesses to preclude regulatory violations.
Assists in conducting preliminary research, analysis, and investigation for suspicious activity (including: money laundering, terrorist financing, fraud, etc.) cases as directed by the Financial Intelligence Group Senior Coordinator – High Risk Customer Team in accordance with S&T’s corporate policy/procedures and U.S. Federal regulations.
Prepares preliminary analysis and findings of suspicious account activity for a lead investigator on complex cases.
Collects documentation associated with law enforcement and court research requests for information related to suspicious activity report (SAR) filings.
Reviews Section 314(a) and 314(b) requests and scans operational information to determine existence of a target.
Assists with reporting to Federal government.
Reviews alerts and cases from automated monitoring system.
Properly dispositions and creates a case file when necessary for Senior FIG Investigator II.
Effectively uses computer tools including automated software monitoring applications in performing, monitoring, and reporting activities.
Exercises a high-level of accuracy, initiative, interpersonal skills and confidentiality while performing tasks in order to contribute to the success of the department and the organization.
Maintains a good working relationship with all bank employees and adheres to S&T’s Cultributes.
Demonstrates the ability to work independently.
Works as a team player to contribute to the success of the department and in turn the organization.
Performs additional duties as required.