BSA/AML Case Analyst

Responsibilities Include: 

Perform case investigations and analysis using a risk-based approach within Verafin, including the gathering of documentation to disposition a case. Provide in-depth research and detailed analysis to support the decision as to whether the activity can be mitigated or requires a SAR filing.

Make a determination regarding whether to categorize activity as “suspicious.” If activity is deemed suspicious, provide recommendation as to whether the activity should be referred to law enforcement or if it presents a high enough BSA/AML risk to FourLeaf, if maintaining the member’s relationship should be considered.

Write SARs and Continuing Activity SARs within Verafin for submission to FinCEN. Also responsible for reviewing and reporting 314(a) alert matches identified in Verafin to FinCEN.

Perform internet and database searches to gather and save all relevant supporting documentation relating to a BSA/AML case investigation including negative media searches. Save all research for record retention and potential SAR documentation requests from law enforcement and/or regulatory exams or internal audits

Coordinate with other business lines such as Retail Banking, Business Banking, Fraud, Legal, Regulatory Compliance etc., as needed to disposition a case. Send request for information (RFIs) to Retail Banking as necessary to help substantiate activity.

Responsible for identifying and escalating any high-risk cases (i.e. involving terrorism, human trafficking, negative media, employee transactional concerns etc.) to the immediate attention of the BSA/AML Compliance Officer or a Senior BSA/AML Analyst. 

Assist BSA/AML Compliance Officer and Senior BSA/AML Compliance Analysts with all other administrative aspects of the program including monitoring of email inbox to ensure case creation in Verafin for all manual referrals.

Provide expertise and training to more junior BSA/AML analysts and/or contractors as needed.

Monitor regulatory changes as they relate to the BSA program and participate in ongoing training to stay current in BSA/AML industry trends and legislation. Assists the BSA/AML Compliance Officer in ensuring FourLeaf takes necessary actions to comply with all requirements and to reduce FourLeaf’s exposure to lawsuits, penalties, adverse publicity and other risks.