Financial Crimes Analyst

Job Description

Job Description

PURPOSE OF THE JOB

This position is responsible for performing day-to-day analysis to ensure the Bank’s compliance with all aspects of the Bank Secrecy Act, USA Patriot Act, and Office of Foreign Assets Control. Financial Crimes Analysts are also responsible for preventing fraud losses to the Bank and its’ customers through transaction monitoring, data analysis and other fraud mitigation efforts. Analysts will collaborate with account officers and relationship managers to obtain pertinent information to decision and report suspicious or fraudulent activity.

MAIN DUTIES OF THE JOB

• Analyzes business, industry and financial data and transactional activity to identify and investigate potential money laundering or other suspicious activity
• Collects and examines financial statements or other business documents to assist in identifying unusual transaction patterns.
• Creates case files to document and report potential suspicious activity
• Performs periodic reviews of the Bank’s high-risk customers
• Communicates with Bank personnel on CDD / EDD deficiencies or potential suspicious activity detected during the account monitoring process
• Analyzes automated money laundering alerts to ensure suspicious activity is reported timely to the Financial Crimes Enforcement Network (FinCEN) with the completion of Suspicious Activity Reports (SARs)
• Analyzes automated fraud alerts to protect the Bank and customers from fraud loss
• Reviews large currency transactions and complete Currency Transaction Reports (CTRs) on a timely basis
• Analyzes large currency transactions for potential suspicious activity
• Assists Management with Regulatory Exams
• Provides guidance and expert support to various business and operational lines regarding BSA / AML regulations or fraud mitigation efforts
• Keep abreast of BSA / Fraud related issues through various training opportunities

WHAT YOU WILL NEED TO SUCCEED

HOME BANK IS AN EQUAL OPPORTUNITY EMPLOYER

GOOD CREDIT IS A MUST

CREDIT REPORT IS REQUIRED FOR EMPLOYMENT