Truist Financial - Coral Gables, FL

posted 6 days ago

Full-time - Mid Level
Coral Gables, FL
Credit Intermediation and Related Activities

About the position

The position is responsible for the execution of end-to-end suspicious activity investigation and reporting process, which includes timely monitoring, identification, investigation, and reporting of suspicious financial and/or fraudulent activity. This encompasses activities such as money laundering, terrorist financing, fraud, and other financial risks or crimes. The role involves leveraging automated transaction monitoring rules and reports, and conducting processes designed to identify activity potentially indicative of criminal behavior. The individual will investigate potentially suspicious financial activity and, when appropriate, file Unusual Financial Observations (UFOs) to Truist Financial Crimes Program Management for review and reporting. Additionally, the position requires integration with governance and the completion of tasks and projects to mitigate fraud risk within the business unit. The individual will work closely with internal departments to ensure current processes and procedures align with the needs of the business and seek opportunities to develop processes and create efficiencies. Monitoring operational and regulatory changes for impacts to the business and pursuing solutions to challenges presented by those impacts is also a key responsibility.

Responsibilities

  • Analyze customer transaction activity to ascertain legitimacy of the business and the business transactions.
  • Communicate with Relationship Managers, branch associates, and others to gather additional client information.
  • Analyze and track escalations of elder concerns and connect with Advisors and Supervisors as needed.
  • Analyze and track other escalations of potential fraud from various sources and escalate as appropriate.
  • Conduct and monitor negative news screening.
  • Assist with International client onboarding.
  • Act as subject matter experts for Unusual Financial Observation filings and liaise with AML Officer as necessary.
  • Conduct regular reporting on fraud escalations.
  • Maintain a strong knowledge of all applicable current and proposed regulations.

Requirements

  • Bachelor's degree
  • A minimum of 7 years of industry experience in a financial institution with emphasis in operations, supervision and/or risk management
  • FINRA Series 24
  • Knowledge of retail financial institutions with emphasis in operations, supervision, compliance, and/or risk management
  • Knowledge of securities markets and the retail brokerage business
  • Knowledge of regulatory environment
  • Strong analytical skills and experience working with data and reporting
  • Strong written and oral communication skills
  • Detail oriented and able to work independently while juggling multiple priorities

Nice-to-haves

  • FINRA Series 7 and/or 66
  • 7 to 9 years of business experience in retail brokerage with an emphasis in operations, supervision, compliance, and/or risk management
  • Bachelor's degree in business, accounting, finance, banking or equivalent education and related training
  • Banking or Investment securities experience
  • SQL and/or advanced MS Excel skills

Benefits

  • Medical, dental, vision, life insurance
  • Disability insurance
  • Accidental death and dismemberment insurance
  • Tax-preferred savings accounts
  • 401k plan
  • Vacation days (minimum of 10 days)
  • Sick days (minimum of 10 days)
  • Paid holidays
  • Defined benefit pension plan (depending on position)
  • Restricted stock units (depending on position)
  • Deferred compensation plan (depending on position)
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