BSA Investigator Lead - NANO BANC

Position Summary: Responsible for assisting the BSA/AML Department with the daily monitoring of account activity, detection, and documentation of suspicious activity in customers' accounts and the subsequent filing of suspicious activity reports as required under the Bank Secrecy Act and the Bane's BSA/AML Compliance Program and Procedures. As directed by the BSA Officer, further responsible for the periodic Enhanced Due Diligence Review of high-risk customers. Will assist with BSA internal investigations and automated monitoring system validation testing.

Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Utilizing the Bane's automated BSA/AML monitoring software program and procedures, investigate and assess all bane deposit accounts for suspicious activities related to money laundering, terrorist financing and violations of the Bank Secrecy Act.
• Take lead in ensuring efficient identification and monitoring of suspicious activities and transactions.
• Ensure timely, efficient reporting of suspicious activities and transactions to BSA Officer.
• Manage cases of potentially suspicious activity from the Bane's BSA/AML monitoring program, including analysis of transaction activity and balances for review by the BSA Officer.
• Ensure timely, efficient reporting of all currency transaction reports and maintain record keeping for retention requirements.
• Monitor the sales of monetary instruments and ensure the accuracy of any required reporting.
• Monitor and maintain the Wire Log
• Review BSA risk rating for all new accounts and validate risk rating using the Bane's risk rating criteria.
• For new customers identified as high-risk, establish enhanced due diligence and monitoring efforts.
• Perform ongoing enhanced due diligence, as required, of all high-risk in accordance with the established procedures and monitoring schedule.
• As scheduled, perform validation testing of core application and Bane's monitoring system report that identify potential suspicious activity.
• Responsible for the timely and efficient review of daily BSA reports.
• Perform review for compliance with FinCEN 314(a) and 314(b) requests. Assist with preparation of weekly, bi-weekly, monthly and quarterly reports as needed. 
• Take lead in identifying systemic procedural weaknesses and additional training requirements for the Banc. 
• As an AML subject matter expert, provide direction and guidance to employees on appropriate remediation action as needed. 
• Assist with AML Compliance Training, especially on identification and reporting of suspicious transactions. 
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practices, criminal typologies and developing trends. 
• Assist in the development of related procedures or revisions to the BSA Program with the BSA Officer. 

Competencies: To perform the job successfully, an individual should demonstrate the following.

• High degree of accuracy and attention to detail
• Strong analytical skills
• Ability to multi-task and work in high volume environment
• Strong communication skills, written and verbal
• Organizational and time management skills
• Ability to work well independently and with other

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience: Bachelor's Degree in Business, Finance or other related field; or seven (7) years of related work experience and/or training. Prior BSA/AML compliance experience required.

Language Ability: Read, analyze and interpret business, professional, technical or governmental documents. Write reports, business correspondence and procedure manuals. Effectively present information and respond to questions from managers, customers and the public.

Mathematical Ability: Add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Compute rate, ratio and percent, and draw and interpret bar graphs.

Reasoning Ability: Apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Deal with problems involving several concrete variables in standardized situations.

Computer Skills: Proficiency with Windows, Excel and Automated Monitoring Software

Certificates and Licenses: Certified Anti-Money Laundering Specialist (CAMS) Certification preferred. 

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk. The employee must be able to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Training: Must complete all required mandatory and regulatory training by assigned due date.

Bank Secrecy Act (BSA): Follow all policies and procedures of Bank Secrecy Act, (BSA) Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC). Complete online compliance training as required.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.

SALARY RANGE: $82,000 - $120,000 per year; Exact compensation may vary based on skills, experience, and location.