Job Description
Purpose : The BSA/AML Case Investigator is primarily responsible for conducting thorough case investigations generated from numerous sources (e.g., escalated transaction monitoring alerts, internal bank referrals, 314(b) requests, law enforcement requests, etc.) by utilizing various software systems to determine if suspicious activity has been identified and subsequently recommending the filing of a Suspicious Activity Report (SAR). BSA/AML Case Investigator are also expected to complete special projects as necessary (e.g., TMS tuning enhancements, process improvements, UAT of new software, etc.). Essential Functions: - Reviews escalated alerts and manually created cases (e.g., internal bank referrals, fraud referrals, negative news, etc.) for suspicious activity and recommends the filing of a Suspicious Activity Report (SAR) if warranted; Accurately completes the SAR form and submits completed case investigation documentation to Quality Control for review.
- Responds to external requests for information, such as 314(b) requests from other participating financial institutions, 314(a) requests from FinCEN and Law Enforcement requests for supporting documentation, in line with Bank policies and procedures; completes case investigations generated from these requests as appropriate.
- Demonstrates the ability to make informed, effective decisions in complex situations by using critical thinking and analytical skills to evaluate data, assess risks, and choose the best course of action.
- Conducts a second level review of various BSA functions, such as Currency Transaction Reports (CTR), 314(a) responses, and Office of Foreign Assets Control alerts; files CTRs as appropriate to meet Bank and Regulatory requirements
- Completes initial and annual CTR Exemption Reviews for all Bank-identified Phase I or Phase II CTR Exempt customers, as appropriate, including detailed analysis and final disposition.
- Provides feedback to BSA/AML Alert Analyst and BSA/AML Manager – Alerts on alert reviews as required and through internal roundtable discussions.
- Assists in the performance of testing regarding various BSA/AML functions such as OFAC alert, monetary instrument log, and Customer Identification Program (CIP) verification processes, to ensure that processes adhere to established guidelines.
- Assists in the preparation of documentation for audits and examinations.
- Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.
Job Related Qualifications: Required: - Education: High School Diploma (Bachelor's Degree preferred)
- Prior Experience: 1+ years of BSA/AML or OFAC experience
- Licenses or Accreditation: Certified Anti-Money Laundering Specialist Certification (CAMS), Certified Anti-Money Laundering Fraud Professional (CAFP), or other BSA/AML Certifications preferred.
Competencies: - Knowledge of and ability to learn BSA/AML & OFAC regulations and requirements
- Excellent verbal and written communication skills and ability to interact positively with a wide variety of individuals
- Excellent organizational skills with the ability to manage multiple priorities and meet established deadlines
- Ability to identify trends, interpret data and apply to workflows and compliance techniques and automation
- Possess a high level of attention to detail
- Ability to maintain a high degree of confidentiality
- Proficient with Microsoft applications with the ability to learn and utilize new and existing banking software applications; Ability to utilize the internet to conduct searches related to responsibilities
Physical Requirements: - Able to regularly sit for prolonged periods of time.
- Extensive computer usage is required.
Benefits: - Medical, Dental, and Vision Insurance
- Health Savings Account
- Flexible Spending Account(s)
- Company Paid Life Insurance, Long-Term Disability, and Short-Term Disability
- Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident
- Tuition Reimbursement
- Employee Referral Program
- Wellness Reimbursement Program
- Star Volunteer Program
- Employee Banking and Financial Perks
- Flexible Hybrid Work Schedule
- Paid Time Off (PTO)
- Company Paid Holidays
This job description is not exhaustive. The BSA/AML Case Investigator may be required to perform other duties as assigned. The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.
Job Tags
Holiday work, Temporary work, Flexible hours,