Compliance Investigative Analyst

Summary:

The day-to-day responsibilities of this role is heavily in the pre-paid card program area, as well as core banking responsibilities as necessary. Responsible for reviewing transaction monitoring alerts, program manager reports/escalations and internal referrals and escalating unusual activity to case for further investigation.

Qualifications:

Education: Bachelor's degree.

Licenses/Certifications: CAMS, CFE or related certification preferred.

Experience: Three years of BSA/AML, fraud, SAR writing experience or equivalent banking experience in other related area of banking required; preferably in a commercial bank with thorough knowledge of banking laws and regulations and understanding of financial services in a regulatory and compliance environment. Or equivalent combination of education and experience.

Essential Functions:

A: Job Specific:

• Identifies, investigates, researches and documents transactional analysis findings involving unusual activity or trends. Prepares and files Suspicious Activity Reports (SARs) and Continuation SARS (CSARs) as necessary.
• Manages a caseload of investigations for prepaid card and core banking products, by performing a complex analysis of account activities. The analyst will complete the investigations from beginning to completion according to Sutton Bank's AML procedures and policies.
• Acts as a liaison with various law enforcement agencies; responds to law enforcement related inquiries including Subpoenas and Search Warrants.
• Assists with 314a, Subpoenas, 314b participant requests and other BSA/AML related escalations, fraud instances, requests or inquiries.
• Interacts with bank examiners, internal auditors, and compliance personnel during BSA and AML related audits and examinations, if necessary.
• Reviews system generated alerts, and escalating where necessary, to assess the presence of illicit activity that may require reporting based on BSA/AML requirements.

Knowledge/Skills/Abilities:

• The ability to communicate effectively and clearly, both in verbal and written communications.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks.
• Excellent problem-solving skills.
• Superior analytical skills.
• Ability to respond to common inquiries or complaints from employees, customers, regulatory agencies, or members of the business community.
• Ability to effectively present information to top management and employee groups.
• Ability to write training documents, policies, procedures and correspondence.
• Well versed in regulations and laws that affect the Bank's Compliance Program.
• Ability to comprehend government instructions, develop programs and train personnel.
• Demonstration and application of core knowledge of money laundering patterns, BSA and Patriot Act, financial crime activity and other compliance regulations is required.