Financial Intelligence Alert Analyst I

Summary:

Financial Intelligence Alert Analyst I will work semi-independently under the direction of the Investigator & Alert Supervisor and is responsible for the ongoing review of BSA/AML/Fraud system-generated alerts. This position will review all alerts and evaluate any contributing evidence and take immediate action to mitigate bank losses through account/access restrictions and case escalation. The Financial Intelligence Alert Analyst I will conduct all alert investigations with a sense of urgency and with the intent of preventing known or potential losses, recover incurred losses and/or refer matters to appropriate parties for immediate action.

Principal Accountabilities:

• Analyze BSA/AML/Fraud system-generated alerts.
• Investigate accounts and determine if alerts may be cleared or require further investigation.
• Restrict accounts, online access, and debit/credit cards as needed.
• Notate through addendums and warnings on client portfolios & accounts.
• Make sound, risk-based conclusions and recommendations to clear activity or conduct additional monitoring.
• Document decisions accurately in the bank’s case management system.
• Conduct investigations of criminal acts perpetrated against the bank including fraudulent checks, new account fraud, wire fraud, exploitation, misuse of position, etc.
• Investigate and validate new business and consumer relationships opened at banking centers, via Treasury Sales, and the organization’s online platform(s).
• Conduct interviews with the victims and witnesses when necessary.
• Obtain detailed written statements when necessary.
• Review CCTV records to identify witnesses and potential suspects.
• Acquire case information from various web-based databases; both private and public.
• Prepare and submit cases to BSA/AML when appropriate in consideration of regulatory guidelines.
• Consult with the Legal and Human Resources Departments as necessary.
• Assess probability of recovery and/or restitution.
• Attempt recovery through account offset, charge off and collection, or court ordered restitution.
• Complete investigative memorandums as assigned.
• Report findings, make recommendations, and/or refer case to appropriate business units.
• Create ALERTs for distribution to banking centers and appropriate business units.
• Assist in filing reports with appropriate law enforcement agencies and attend court as directed by the Enterprise Fraud Officer or Legal Department.
• Work with local, state and federal law enforcement when appropriate or as directed by the Enterprise Fraud Officer or Legal Department.
• Subpoena research as assigned by the Legal Department.
• Actively participate in career development, 1:1's, department meetings and complete other specified duties related to bank compliance as may be assigned.
• Attend Fraud and BSA/AML compliance training sessions to maintain current knowledge of industry best practices, laws, regulations, policies, and procedures.
• Conduct all duties in compliance with applicable laws, regulations, and Bank policies and procedures.
• Contact branch associates and other business units for clarification of client activity, as needed, while maintaining client information in complete confidence.
• Understand, embody, communicate, and instill corporate initiatives and vision, including the Six Pillars of Success.