Fraud Investigator-Security Specialist, FISU

Central Bank & Trust•Lexington, KY

6d•Onsite

About The Position

Responsible for the daily activities relating to the bank’s compliance with its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Policy and serves as backup to the AML/CFT Officer.

Requirements

Bachelor's degree and five+ years’ experience with specific emphasis on investigations (including conducting enhanced due diligence on individuals and entities that are the subject of an investigation) related to AML/CFT, BSA or Fraud at a financial institution, regulatory agency or law enforcement agency; or equivalent combination of education and experience
Certification in Anti-Money Laundering
Strong experience conducting investigations involving clients in the Retail, Commercial and Wealth Management lines of business
Strong experience conducting investigations involving high-risk clients
Detail oriented with the ability to multi-task and meet deadlines with accurate results
Ability to quickly learn and manage new software programs
Practical knowledge with the Microsoft Office suite of software
Ability to complete assignments with minimal supervision
Working knowledge of bank products, services and transaction types
Strong communication and customer service skills
Strong grammatical and writing skills
Ability to establish and maintain amicable relationships with co-workers, other business units and law enforcement agencies

Nice To Haves

In depth understanding of the varied methods customers use to conduct banking transactions is preferred

Responsibilities

Supervisory duties to include interviewing and selection, training and development, delegating responsibilities, monitoring work flow, ensuring quality control, helping employees establish goals and objectives, monitoring and tracking employee performance, completing officer performance appraisals, coaching and counseling, sales management and ensuring compliance to bank and trust department policies and procedures.
Performs analysis of cash transactions and customer activity to detect fraud and/or money laundering. Develops an action plan for reporting and tracking any suspicious activity uncovered.
Maintains a practical knowledge of the comprehensive principles of the Anti-Money Laundering (AML/CFT) and Bank Secrecy Act (BSA) regulations, including Suspicious Activity Reporting (SAR).
Responsible for investigating, researching, and analyzing varying degrees of suspicious financial activity for possible money laundering or terrorist financing violations involving all bank lines of business.
Responsible for detecting suspicious trends and activity by monitoring transactions through various systems/applications and will perform enhanced due diligence on high-risk individuals and businesses using all available resources.
Develops ongoing contacts with Local, State and Federal law enforcement to stay current on money laundering and terrorist finance trends and typologies and to enhance cooperation during investigations.
Reviews and analyzes large currency transaction information and processes CTR’s (Currency Transaction Reports) as required. Prepares reports on CTR compliance issues to the Compliance Council. Escalates the need for corrective action of employees to the AML/CFT Manager.
Monitors and annually reviews accounts of Designation of Exempt Persons (DOEP) to maintain compliance with Bank Secrecy Act. Recommends customers eligible for DOEP exemption.
Monitors and annually reviews accounts of High Risk customers in compliance with Bank Secrecy Act. Completes Suspicious Activity Reports (SARs) for suspicious and/or unexpected behavior.
Reviews daily BSA/AML reports for suspicious activity, structuring and OFAC matches and processes FinCEN 314a Secure Information Sharing data.
Retrieves and prepares all AML/CFT examination documents requested by primary regulators and the bank’s external and internal auditors.
Monitors new and existing business customers for high risk activity and generates appropriate AML fee notification letters to those customers that meet the fee requirement.
Assists AML/CFT Officer as needed with assigned duties and serves as backup to AML/CFT Officer.
Performs other duties as assigned.