BSA Investigations Analyst I

Summary Statement The BSA Investigations Analyst I is responsible for conducting research and investigations of customer and transactional activity to identify potential money laundering, fraud, cyber-crime, terrorist financing, human trafficking, and other suspicious activity. This position documents investigative findings, prepares required reports, and supports compliance with applicable BSA/AML, fraud, and regulatory requirements.

Principal Duties And Responsibilities

• Performs daily review and analysis of various reports, referrals, and escalations to effectively determine if money laundering, cyber-crime, identity theft, terrorist financing, human trafficking, fraud, or other types of suspicious activity are occurring.
• Conducts research utilizing various public and non-public sources and make final decisions based on research findings.
• Identifies the information needed to clarify situations and make appropriate requests from third-party service providers and/or 314(b) participating institutions.
• Maintains a high level of sensitivity and confidentiality when compiling investigative information, and in interacting with internal and external resources.
• Collaborates with other team members to identify trends and make final determinations, share knowledge, and ensure consistency in investigative processes.
• Creates and maintains case files for all investigated activity to fulfill recordkeeping requirements.
• Writes qualitative summaries of each investigation.
• Recommends account closure, customer termination, and/or Suspicious Activity Report (SAR) filing as warranted, and ensures necessary actions are completed by all responsible parties.
• Prepares and files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) within required timeframes.
• Takes appropriate action on all internal and external notifications and requests.
• Assists and provides support to others in the department during high volume monitoring periods or absences.

Non-Essential Functions : Performs other duties as assigned. Qualifications EDUCATION AND/OR EXPERIENCE

• Associates degree in criminal justice or related field, or equivalent work and/or educational experience, required.
• 1-2 years’ BSA/AML/OFAC, fraud or compliance experience, required.
• 1-2 years’ prior banking experience in banking operations, fraud operations, customer service, or compliance and/or risk operations.

Knowledge, Skills, And Abilities

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Knowledge of regulatory environment(s) and emerging BSA/AML and fraud trends.
• Strong investigative, written and oral communication skills.
• Strong commitment to ethics, and the ability to understand a variety of issues and perspectives.
• Understanding of the banking industry, including bank partnerships with fintech companies.
• Multitasks effectively and takes action promptly, both independently and in a team environment.
• Handles highly confidential information with appropriate discretion and works in a high volume, fast paced environment.