Senior Investigator BSA/AML

Bank of Hawaii•Honolulu, HI

13d

About The Position

Under the direction of Bank Secrecy Act Officer, this position is responsible for reviewing and researching customer transactions to identify, investigate, and report suspicious activity to ensure compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Requirements

Bachelor’s degree in business or related area, or equivalent business experience.
6 to 8 years of comprehensive technical knowledge of bank operations in order to assess suspicious activity.
General knowledge of BSA and AML regulations.
Personal computer skills must include the use of Microsoft Office (Word, Excel, and Access), Metavante systems (Insight, BI), and accessing signature card images, conduct internet searches, and utilize network environments.
Strong verbal and written communication skills.
Strong organizational and prioritization skills.
As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.

Responsibilities

Performs an investigation of all “alerts” generated by the anti-money laundering monitoring system to determine whether transactions identified qualify as suspicious activity.
Manages ongoing investigations utilizing an electronic case management system for “alerts” that require filing a Suspicious Activity Report (SAR) and documenting results.
Monitors, updates, and tracks the results of all suspicious activity “alerts” reported to cost centers.
Handles technically complex and multiple cases concurrently involving multiple relationship accounts, tiered and complex transactions, and international wires involving high risk jurisdictions, and complex cash structuring schemes.
Prepares and submits Suspicious Activity Reports to the Financial Crimes Enforcement Network as required by law.
Coordinates contact with Corporate Security to provide information regarding ongoing investigations for reported SARs.
Maintains information on customers with repeat SAR activity and prepares periodic reports on SAR activity as necessary.
Serves as a Team Leader to other junior investigators and provides consultation on cases.
Reviews waived cases for appropriate decision making and validates that case files are appropriately documented.
Assists in developing and updating department operation policies, procedures, forms and other documentation to provide guidance and direction to BSA investigative unit staff.
Prepares, reviews, and interprets policies, procedures, forms and other documentation.
Provides guidance and direction to all applicable BOHC lines of business on the requirements for identification and reporting of suspicious activity.
Documents processes, procedures, and updates to manage the automated anti-money laundering system.
Conducts system tests of the anti-money laundering system including tests of updates provided by vendors.
As directed, communicates with vendors and IMSG to report and resolve any outstanding issues.
Coordinates systems modifications and initiatives as necessary to meet new regulatory requirements.
Participates in regulatory examinations and internal audits of the BOHC BSA compliance program.
Performs all other miscellaneous responsibilities and duties as assigned.