What are the responsibilities and job description for the Financial Crimes BSA/AML Investigator position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Financial Crimes Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Investigator completes thorough Financial Crimes Unit (FCU) BSA/AML investigations of potentially suspicious activities including money laundering, terrorist financing, fraud, and other financial crimes. Associates at this level are considered analytical or procedural experts capable of making and supporting difficult decisions and making suggestions for overall process improvements, when necessary. Day-to-day focus is on resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines, or processes.
Primary Responsibilities
Performs a variety of highly complex investigative functions to assist FCU BSA/AML with compliance of all Anti-Money Laundering program requirements
Takes responsibility for investigating suspicious activity, reporting money laundering, terrorist financing, and other illicit activities
Prepares comprehensive detailed narratives summarizing the analysis of investigations and reviews all cases for completeness and accuracy
Determines whether a suspicious activity report (SAR) is required to be filed
Ensures compliance with approved policies and procedures related to BSA/AML including case documentation
Offers advice and guidance to junior investigators, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
Leads projects that contribute to workflow or process change and redesign
Quickly and confidently identify trends and patterns of activity which fall outside the bank’s collected EDD/KYC records
May work with local and federal law enforcement partners for case resolution
Identify trends and changes in financial activity indicating fraud or money laundering
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor’s degree and five (5) years of BSA/AML investigation or loss prevention/fraud experience
Or High School Diploma or GED and nine (9) years of BSA/AML investigation or loss prevention/fraud experience
Advanced knowledge of Private Banking, Wire Transfers, BSA/AML, OFAC, and FinCEN related laws and regulations
Advanced knowledge of AML laws (e.g. USA Patriot Act), regulations (e.g. Federal, SEC, FINRA), and their applications to the supported products/LOBs
Experience with search engines, open-source data, case management systems, databases, and similar automation platforms
Preferences
Bachelor's degree in Business, Criminal Justice, Finance, or other related field
Advanced financial investigations experience in BSA/AML, fraud, law enforcement, or corporate security
Previous experience in other FCU BSA/AML areas is a plus
Experience analyzing complex customer financial activity
Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or other applicable certifications
Skills and Competencies
Ability to manage multiple priorities
Ability to work under pressure and meet deadlines
Familiarity with the Bank's mainframe systems and applications
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong attention to detail and accuracy
Strong decision-making and problem-solving skills
Strong interpersonal and negotiation skills
Strong presentation skills are an asset
Strong verbal, written communication, and organizational skills
This position is currently offsite and needs to be within a reasonable driving distance to a Professional Office Building with the primary location being for Birmingham, AL. A ssociates will work from their home primarily. They may be expected to go on site for meetings or other events as needed. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $79,671.35 USD
Median: $98,820.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Riverchase Operations Center
Location: Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Financial Crimes Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) Investigator completes thorough Financial Crimes Unit (FCU) BSA/AML investigations of potentially suspicious activities including money laundering, terrorist financing, fraud, and other financial crimes. Associates at this level are considered analytical or procedural experts capable of making and supporting difficult decisions and making suggestions for overall process improvements, when necessary. Day-to-day focus is on resolution of complex problems or transactions, where expertise is required to interpret against policies, guidelines, or processes.
Primary Responsibilities
Performs a variety of highly complex investigative functions to assist FCU BSA/AML with compliance of all Anti-Money Laundering program requirements
Takes responsibility for investigating suspicious activity, reporting money laundering, terrorist financing, and other illicit activities
Prepares comprehensive detailed narratives summarizing the analysis of investigations and reviews all cases for completeness and accuracy
Determines whether a suspicious activity report (SAR) is required to be filed
Ensures compliance with approved policies and procedures related to BSA/AML including case documentation
Offers advice and guidance to junior investigators, assisting in the development of necessary skills and the promotion of continuous improvement initiatives
Leads projects that contribute to workflow or process change and redesign
Quickly and confidently identify trends and patterns of activity which fall outside the bank’s collected EDD/KYC records
May work with local and federal law enforcement partners for case resolution
Identify trends and changes in financial activity indicating fraud or money laundering
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor’s degree and five (5) years of BSA/AML investigation or loss prevention/fraud experience
Or High School Diploma or GED and nine (9) years of BSA/AML investigation or loss prevention/fraud experience
Advanced knowledge of Private Banking, Wire Transfers, BSA/AML, OFAC, and FinCEN related laws and regulations
Advanced knowledge of AML laws (e.g. USA Patriot Act), regulations (e.g. Federal, SEC, FINRA), and their applications to the supported products/LOBs
Experience with search engines, open-source data, case management systems, databases, and similar automation platforms
Preferences
Bachelor's degree in Business, Criminal Justice, Finance, or other related field
Advanced financial investigations experience in BSA/AML, fraud, law enforcement, or corporate security
Previous experience in other FCU BSA/AML areas is a plus
Experience analyzing complex customer financial activity
Certified Anti-Money Laundering Specialist (CAMS), Certified Fraud Examiner (CFE), or other applicable certifications
Skills and Competencies
Ability to manage multiple priorities
Ability to work under pressure and meet deadlines
Familiarity with the Bank's mainframe systems and applications
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong attention to detail and accuracy
Strong decision-making and problem-solving skills
Strong interpersonal and negotiation skills
Strong presentation skills are an asset
Strong verbal, written communication, and organizational skills
This position is currently offsite and needs to be within a reasonable driving distance to a Professional Office Building with the primary location being for Birmingham, AL. A ssociates will work from their home primarily. They may be expected to go on site for meetings or other events as needed. Regions will not provide relocation assistance for this position, and relocation would be at your expense.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $79,671.35 USD
Median: $98,820.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Riverchase Operations Center
Location: Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Salary : $79,671 - $98,820
