Risk Specialist II - Suspicious Activity Monitoring

First Horizon•Knoxville, TN

4d•Onsite

About The Position

The position is responsible for performing confidential research and investigations of money laundering and other financial crimes with the suspicious activity monitoring (SAM) team of BSA Compliance. The role involves analyzing client account transactions from various internal monitoring sources, including the bank’s automated transaction/scenario monitoring system (Actimize), to detect potentially suspicious activity. Decisions are made on the appropriate action to take regarding the need for further investigation. The specialist adheres to internal BSA Compliance SAR team procedures by documenting the summary of investigative findings, performing investigative cases for review and approval by management, and preparing Suspicious Activity Reports (SAR) to be submitted to the Financial Crimes Enforcement Network (FinCEN). The role may also assist with manual monitoring reports and processes, ensuring all investigative tasks are completed on a timely and accurate basis, and participate in exams/audits by gathering data for regulators, auditors, quality control reviewers, and law enforcement.

Requirements

At least 5 years or more of prior banking experience.
5 years or more of direct experience with either Bank Secrecy Act (BSA) Compliance, Fraud, or other financial crimes-related investigations/monitoring.
Strong ability to organize and prioritize workflow, ensure accuracy and commitment to detail, and to work independently while taking ownership of assignments.
Proficient with use of Microsoft Office suite products.

Nice To Haves

Bachelor’s degree preferred; and preferably with an emphasis on financial, audit, law enforcement, or other risk-related field.
Prior experience with automated transaction monitoring systems, especially NICE Actimize, is a plus.
CAMS, CAFP, or equivalent is a plus.

Responsibilities

Analyze client account transactions from various internal monitoring sources, including the bank’s automated transaction/scenario monitoring system (Actimize), to detect potentially suspicious activity.
Make decisions on appropriate action to take regarding the need for further investigation.
Adhering to internal BSA Compliance SAR team procedures by documenting the summary of investigative findings (e.g., thorough notes supporting decisions, including copies of supporting documents such as statements/checks, media search results, results from internal system searches, etc. as needed).
Performing investigative cases for review and approval by management, including preparation of Suspicious Activity Reports (SAR) to be submitted to the Financial Crimes Enforcement Network (FinCEN).
Assist with performing duties associated with manual monitoring reports and processes, if requested to do so by management.
Ensure all investigative tasks are completed on a timely and accurate basis, including the necessity to meet established federal and internal timelines and standards.
Participate in exams/audits by assisting in gathering of data for regulators, auditors, quality control reviewers, and law enforcement.
Perform all other duties as assigned by management.