BSA Alert Investigator

GENERAL DESCRIPTION OF POSITION

The Bank Secrecy Act (BSA) Alert Investigator is responsible for identifying and escalating patterns of activity that are consistent with red flags for money laundering or terror financing as presented by the transaction monitoring system.

The Alert Investigator is tasked with making determinations associated with the reasonableness of transaction behaviors in relation to specific customers and recommending such relationships for custom monitoring based on the expected activity of the relationship.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Maintains continuous awareness of policy / procedure updates resulting from changing regulatory requirements and adheres strictly to the Code of Ethics and all BSA / AML information security and suspicious activity confidentiality requirements, without exception.

This duty is performed daily, about 20% of the time.

2. Evaluates output of transaction monitoring system, as Alerts, to determine the presence of unusual patterns of activity, behavior or product / service use;

additionally, provide clear justification for Alerted activity that was not indicative of unusual or suspect patterns. This duty is performed daily, about 50% of the time.

3. Recommends customers for custom monitoring profiles based on investigation history and the alignment of declared behavior with actual behavior or actual behavior patterns that have been established over a significant period of time.

This duty is performed as needed, about 10% of the time.

4. Reviews and interprets output of report-based monitoring via manual transaction analysis using information available in the transaction monitoring system or through manual data analysis in spreadsheets or similar tools;

notify the Case Investigation team of scenarios that require additional review. This duty is performed monthly, about 10% of the time.

5. Supports Alert Investigation Team participation in BETA opportunities presented within the transaction monitoring system for BSA / AML-related detection scenarios;

may also assist with certain user tests for updated or new detection scenarios, as assigned by management. This duty is performed as needed, about 10% of the time.

6. Completes required BSA AML training and other compliance training as assigned. This duty is performed quarterly.

7. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.

8. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 12 to 18 months related experience and / or training, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals;

ability to write routine reports and correspondence.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.

Ability to compute rate, ratio, and percent and to prepare and interpret bar graphs.

CRITICAL THINKING SKILLS

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate : Spreadsheet, Word Processing / Typing

Basic : 10-Key, Accounting, Alphanumeric Data Entry, Contact Management, Database, Presentation / PowerPoint

WORKING CONDITIONS

Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing 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 ACTIVITIES

The following physical activities 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 and expectations.

Semi-repetitive, low physical. Semi-repetitive type work, which requires periods of concentration for varied time cycles as prescribed by the tasks.

• While performing the functions of this job, the employee is continuously required to sit, use hands to finger, handle, or feel, talk or hear;
• occasionally required to stand, walk, reach with hands and arms, stoop, kneel, crouch, or crawl. The employee must occasionally lift and / or move up to 25 pounds;

frequently lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision; and color vision.

ADDITIONAL INFORMATION

• Twelve (12) to Eighteen (18) months of related experience and / or training. Qualifying experience must have been continuous, recent, and within a financial institution.
• Bachelor's degree focus desirable for position : Criminal Justice, Banking Compliance, AML Specialized, Political Science, Mathematics, or Economics.
• Strong proficiency working with bank-related technology is preferred.
4 days ago