Financial Intelligence Unit Analyst - Financial Crimes
About The Position
The FIU Analyst assists and supports the Financial Intelligence Unit (FIU) within the Fraud, Bank Secrecy Act and Security Admin Department by investigating and protecting the Bank from known or suspected internal and external criminal activities, including fraud, money laundering and BSA issues. This is an entry level position and is responsible for ongoing monitoring of accounts and transactions to help the Bank to identify unusual activity and in addition, will need to be able to identify normal and suspicious transactional activity. This position will be responsible for maintaining and ensuring compliance with the Bank Secrecy Act (BSA) regulations. The position will analyze transactions identified by the Bank’s Fraud/AML systems as potential money laundering, terrorist financing, and/or fraudulent activity.
Requirements
- Must make decisions and take appropriate action on less complex issues related to customer accounts to minimize fraud losses.
- Must possess the ability to make logical interpretation of account activity.
- Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to bank employees, bank customers and others outside the Bank when necessary.
- Must be organized and efficient.
- Ability to manage alert volumes.
- Ability to achieve monthly individual targeted performance goals.
- Strong ability to handle multiple tasks and prioritize assignments.
- Must possess great attention to detail.
- Ability to maintain confidentiality.
- Ability to adjust to a rapidly changing environment.
- Must have strong analytical and problem solving skills.
- Must possess a willingness to learn other assigned duties.
- Must be proficient in Microsoft Office products, including Outlook, Word and Excel.
- Also requires familiarity with internet research.
- Ability to perform internet and bank systems research.
- Ability to learn and use in-house software monitoring system.
- Must have proven propensity to learn new technologies and new skills quickly.
- Ability to effectively use technological resources for meetings, coaching, and training.
- Bachelor’s Degree or four years banking experience or an equivalent combination of education and experience required.
Nice To Haves
- 2+ years of Banking experience preferred with a focus on BSA/AML or Operations a plus.
- Bank Secrecy Act, Anti-Money Laundering, Fraud or Compliance related experience preferred.
Responsibilities
- Investigates and analyzes system generated BSA/AML/Fraud alerts in our monitoring system for evidence of suspicious activity.
- Creates cases from alerts for further review by investigators/supervisors.
- Contacts with banking center personnel and external customers on suspect items.
- Reviews Customer Due Diligence forms and CIP Records for completeness.
- Analyzes customer history to ensure transactions are in line with expected activity.
- Ensures that regulatory, legal, and bank requirements are met.
- Completes all assigned compliance training in a timely manner.
- Attends educational sessions, seminars and advanced training courses.
- Attends and participates in team/department staff meetings.
- Prepares and documents review findings in a concise manner.
- Assumes various duties as assigned by the department manager.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
