BSA Investigations Analyst III

The BSA Investigations Analyst III is responsible for the research and investigation of customer and transactional data, as well as reporting to applicable governmental agencies and law enforcement. Investigations involve the collection, analysis, and evaluation of information from various sources, the documentation of research findings, and the completion of reports as required by bank regulations. The Analyst III acts as a senior analyst and team lead for the BSA Investigations team.

Principle Duties And Responsibilities

• Creates and maintains case files, writes qualitative summaries of each investigation, and prepares and files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) within required timeframes.
• 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 during investigations, and in interacting with internal and external resources.
• Ensures new trends and potential threats are evaluated, documented, and escalated to management.
• Assists with the secondary review of regulatory forms, to ensure quality and accuracy before filing with governmental agencies.
• Performs enhanced due diligence (EDD) reviews on high-risk accounts and services, and maintains related customer due diligence (CDD) and risk rating processes and documentation.
• Ensures that all internal and external notifications and requests are being handled in an appropriate and timely manner, including responses to 314(b) information requests.
• Applies in-depth knowledge of the Bank’s business lines, systems, and product offerings to optimize investigation functions and processes, and identifies updates needed for new products and services.
• Assists with the management of daily operations and prioritization of work to maintain regulatory timeframes and service levels.
• Provides training, direction, and mentoring to members of the Investigations team.
• Develops and maintains procedures, and provides recommendations for improved processes, investigation methods, risk mitigation, and efficiency.
• Assists management in developing operational strategies, critical measurements, and reporting.
• Assists with quality assurance reviews, to ensure team member training and performance meets required standards.
• Fosters strong collaboration between team members, the supported business lines, and service providers.
• Leads special projects and initiatives as assigned.
• Performs other duties as assigned.
  
  

Qualifications

EDUCATION AND/OR EXPERIENCE

• Bachelor’s degree or combination of equivalent education and work experience, required.
• 3-5 years’ experience in BSA/AML, fraud, analysis, or case investigation, required.
  
  

Knowledge, Skills, And Abilities

• Comprehensive knowledge of Banking policies and procedures, with a specific focus in Bank Secrecy Act regulations.
• Ability to proactively identify potential concerns and act on them appropriately to resolve issues.
• 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.