Position Summary:

The BUSA AML Investigations team will execute investigations based on Branch referrals; Transaction Monitoring referrals; Government sources and referrals from business partners and other control areas. In addition, the AML Investigations team is responsible for conducting investigations, filing SARs, recommending relationship retention or termination and track account closures as required. This team will work closely with various AML Partners (AML Advisory, AML Legal Counsel etc.) throughout the duration of an investigation.
The consultant will be responsible for understanding the bank s products, services, customers, entities and geographic locations in order to conduct investigations of client accounts for potential suspicious behavior. As part of the investigation the consultant will:
• Execute investigations based on:
- Branch and Transaction monitoring referrals.
- Government sources (e.g., subpoenas, 314(A and B)).
- Referrals from business partners and other control areas.
• Conduct analysis of AML Monitoring system generated alerts. Determine if the alert should be cleared or if it requires further investigation based on findings.
• Conduct research over available bank systems, the internet and various databases in an effort to support the investigative conclusion.
• Collect and examine financial statements and documents to assist in identifying unusual transaction patterns in order to prepare case reports of investigation findings for review by management. (e.g., media search results, copies of statements/check, results from internal system searches, transactional analysis etc).
• Review and prepare at the guidance of the BSA Officer Suspicious Activity Reports (SARs), recommend relationship retention or termination and track account closures as required.
• Liaise with other FIU units, Advisory, Business Compliance teams, FIU Legal, GIU and relationship managers.
• Monitor Know Your Customer, OFAC, cross-border wire transfers, and currency activity, etc.
• Conduct quality assurance reviews of case files, tracking logs and various AML processes.
• Escalation of critical or reputation risk matters to BUSA management when appropriate.

EXPERIENCE, EDUCATION, CERTIFICATIONS:
Required:
• Prior work experience in a financial institution with job specific work experience in AML
• Knowledgeable of the laws applicable to money laundering, including the Bank Secrecy Act, The USA PATRIOT Act, US Treasury AML guidelines, OFAC requirements, and Suspicious Activity Reporting requirements.
• 4-Year College Degree or equivalent experience.
• 3+ years experience in reviewing and approving Know-Your-Customer files for complex banking products.
• 3+ years experience in investigating customer transactions and reviewing customer information
• 3+ years experience with creating SARs.
• Strong writing, analytical, and communication skills, and must be able to multi-task and complete projects on time.
• Should be a self-starter and organized, and must have the ability to work independently, without supervision.
• Excellent attention to detail and follow-up skills.
• Strong research skills, advanced skills in the use of Microsoft Word, Excel, Outlook, and experience with the Internet and on-line research systems.
• Knowledge of Patriot Officer case management tool a plus but not required.
• Fluent in Spanish a plus but not required.
• CAMS certified a plus but not required.