Financial Intelligence Analyst

JOB DESCRIPTION

Role: Financial Intelligence Analyst

Location: Winchester, VA / Vienna, VA / Pensacola, FL / San Diego, CA (Hybrid)

Position Status: W2

Pay Rate: BOE

Responsibilities

We would like candidates that have experience with filing BSA/AML SARs and using the transaction monitoring tool – Verafin.

Description

To perform research and analysis of Client account activity to identify red flags and suspicious activity. Create and maintain Suspicious Activity Reports (SARs). Maintain knowledge of BSA/AML history, regulations, and industry guidance. Support Business Units staff, particularly Branch and Contact Center, in complying with established BSA/AML policies and procedures. To support day-to-day Office of Foreign Assets Control (OFAC) operations, compliance analyses and projects across the enterprise in compliance with Client BSA/AML & OFAC Compliance Program. To respond to ad-hoc OFAC related queries and provide subject matter expertise to partner business units when applicable. Maintain knowledge of OFAC history, regulations, and industry guidance. To perform research and analysis of Client Account activity related to suspicious transactions and identify red flags. Create and maintain Suspicious Activity Reports (SARs) associated with suspicious account activity requiring more complex research or in- depth investigation. Identify, review, and report suspicious activity and risk exposure across various delivery channels. Ensure adherence to applicable federal and state laws, rules and regulations.

Responsibilities

• Investigate various types of transactions/activities/cases (Anti-Money Laundering, Structuring) including reported or alleged loss of assets from various business channels

• Collect evidence and related documentation via available systems and methods; ensure chain of evidence/documentation is maintained in accordance with federal and state laws, rules, regulations and Client policies and procedures

• Research public record databases to identify, analyze and verify information related to investigations, discrepancies associated with information provided, and assess potential risk

• Compile, prepare and maintain data for analysis and reference

• Create detailed reports of investigations to include actions taken and results, including completing Suspicious Activity Reports (SARs) when appropriate

• Assist junior level teammates with evaluating, preparing and completing Currency Transaction Reports (CTRs), as required

• Recommend enhancements to BSA/AML and/or OFAC rules and models

• Monitor timeline from identification/notification of BSA/AML activity to closure, ensuring service level agreements and regulatory requirements are met

• Support projects related to sanctions, AML detection, prevention or root cause analysis

• Support day-to-day OFAC operations, including completing scans of members and other parties as required by Client risk-based policies

• Perform ad-hoc analyses/scanning against OFAC/other lists when necessary

• Make recommendations to supervision regarding rejecting or blocking of funds

• Maintain required documentation for NCUA, Internal Audit and government law enforcement agencies

• Complete required training as directed by policy/supervision

• Maintain knowledge of applicable federal/ state laws, rules, regulations, and Client policies and procedures

• Performs other duties as assigned

Qualifications

• Familiarity with applicable federal and state laws, rules and regulations (e.g., Bank Secrecy Act, USA Patriot Act, and OFAC regulations)

• Familiarity with money-laundering trends and threats

• Exposure to working with all levels of staff, management, stakeholders, vendors

• Ability to maintain confidentiality and demonstrate integrity

• Desired - Familiarity with Client products, services, programs, policies, and procedures

• Desired - Experience in the field of anti-money laundering and/or risk management

• Desired - Fraud or AML Certifications: Certified Fraud Examiner, Certified Anti Money Laundering Specialist, etc.

• Basic skill managing multiple priorities independently and/or in a team environment to achieve goals

• Basic skill assimilating information, analyzing facts, and developing logical conclusions

• Basic skill interpreting and synthesizing large amounts of information

• Basic skill exercising initiative and using good judgment to make sound decisions

• Basic organizational, planning and time management skills

• Basic investigative, research, analytical, and problem-solving skills

• Basic skill following, interpreting, and applying relevant data/instructions to guidelines, procedures, practices, and regulations

• Effective active listening skills to accurately respond to inquiries and account requests

• Basic skill building relationships through rapport, trust, diplomacy, and tact

• Basic skill to influence, negotiate, and persuade to reach agreeable exchange and positive outcomes

• Basic verbal and written communications skills

• Basic word processing, spreadsheet, and presentation software skills

• Associate degree in Business Administration, Criminal Justice, Finance, or related field, or the equivalent combination of education, training, and experience

• Desired - Bachelor's degree in Business Administration, Criminal Justice, Finance, or related field