FUNCTIONAL PURPOSE:
Performs daily Bank Secrecy Act/Anti-Money Laundering (BSA/AML) screening activities for the purchase, use and clearing of financial products and services covered under the Bank Secrecy Act (BSA). Supports the research and investigation within group to identify suspicious activity, determine if a crime has occurred, and write reports on suspicious activity involving financial products and services.
DUTIES AND RESPONSIBILITIES:
1. Performs daily screening and analysis of data to identify and track potential money laundering and other suspicious activity involving financial products and services under the BSA. Escalates cases to senior analysts for further review and analysis.
2. Researches and analyzes routine escalated cases of suspicious activity to determine whether a financial crime has occurred. Presents recommendations to team members.
3. Conducts, researches, and prepares Continuing Activity Reports to provide useful intelligence to law enforcement.
4. Reviews and evaluates reports of transactional data to identify suspicious activity and where further investigation is needed. Escalates cases to team for completion or further review.
5. Researches and investigates identified suspicious transactions and activity for standard cases. Escalates cases to team for further review.
6. Develops reports documenting suspicious activity, transactions, and money laundering methods; makes recommendations for potential solutions.
SUPERVISION:
Manager of unit to which assigned.
REQUIREMENTS:- Knowledge of Bank Secrecy Act / Anti-Money Laundering Compliance Programs sufficient to conduct research, detect suspicious transaction activity, and provide recommendations for ongoing cases.
- Ability to research and investigate standard money laundering cases and other suspicious activity involving financial instruments.
- Ability to communicate clearly, both orally and in writing to stakeholders regarding suspicious activities and financial transactions.
- Ability to use Microsoft Office Suite (Word, Excel, PowerPoint,) sufficient to respond to inquiries, analyze data, and create and format reports and presentations.
- Ability to determine suspicious transactions involving financial instruments.
- Ability to use internal and external sources (e.g., Lexis Nexis, Open Source Intelligence, USPS BSA Reports) to conduct research and standard investigations involving suspicious activity and money laundering.
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