Financial Intelligence Alert Analyst II

Summary:

Financial Intelligence Alert Analyst II 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 II 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. The Financial Alert Analyst II will assist the Investigator & Alert Supervisor in the training and ongoing performance management of the other Financial Alert Analysts. This role may be asked to assist in the creation of departmental procedures and provide insight to the FIU leadership when necessary.

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.