Financial Intelligence Unit Analyst

THREAD BANK•Nashville, TN

About The Position

The Financial Intelligence Unit (FIU) Analyst is responsible for assisting with BSA related functions that can include: analysis, investigation, and disposition of alerts generated from the Bank’s BSA/AML automated surveillance monitoring software, completing and documenting case investigations, and/or completing suspicious activity reports (SAR). Essential functions can vary based on specific duties assigned.

Requirements

Strong critical thinking, analytical, and problem-solving skills.
Ability to identify fraudulent, unusual and/or suspicious activity and understand when it needs to be escalated.
Ability to perform a detailed analysis of accounts and relationships.
Ability to work and thrive in a fast paced, high intensity, high demand and deadline driven environment.
Self-motivated, dependable, adaptable, and detail-oriented with strong research and organizational skills.
Ability to handle and accomplish multiple tasks and resolve competing priorities effectively.
Proficient with PC work, including Microsoft Outlook, Word, Excel, PowerPoint, and other varying software if/as needed. knowledge of and ability to use internal bank systems a plus.
Excellent oral and written communication skills.
Ability to draft reports, prepare documents, and compose letters, memorandums, and business correspondence.
Ability to interface with all business lines and legal entities and people of varying level, title and knowledge.
Ability to read, analyze and interpret Federal and State banking regulations related to the Bank Secrecy Act and related requirements.
Knowledge and understanding of BSA/AML regulations.
2-3 years of case management/SAR filing experience.
Familiarity with various AML monitoring systems and commercial research databases.
Strong understanding of bank operations including but not limited to navigating banking systems, understanding teller transactions and interpreting customer transactions.

Nice To Haves

CAMS (Certified Anti-Money Laundering Specialist) and/or CAFP (Certified AML and Fraud Professional) preferred

Responsibilities

Analyze accounts for unusual or suspicious activity through the use of various reports and alerts generated by the Bank’s AML platforms.
Process alerts by making a determination to clear or to escalate for further investigation based on an analysis of findings.
Conduct account investigations and research in an effort to address any account irregularities and determine whether escalation is warranted.
Ensure all determinations can be supported by evidence and are well documented in an organized, cohesive manner.
Document all findings in a centralized case management system to ensure complete documentation is secured and maintained as required by regulation.
Communicate with Bank personnel and management on CDD/EDD deficiencies detected during the account monitoring process.
Utilize a wide variety of public and non-public resources to investigate matters involving possible financial criminal activity fully.
Escalate activity that meets the established criteria for investigating suspected fraudulent or potential unusual activity.
File suspicious activity reports (SARs) in a timely and regulatory compliant manner.
Maintain proficiency in all aspects of BSA/AML and/or fraud compliance.
Adhere to all provisions of Thread Bank’s policies and procedures, including the confidentiality policy, code of ethics, and BSA/AML/OFAC policies and procedures.
Other duties and responsibilities may be assigned, according to the needs of the Bank.