Account Risk Analyst II

FIRST INTERNET BANK; Fishers (IN); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Free snacks and beverages

Continuing education opportunities

Volunteer time off

Regular team events

Job summary

First Internet Bank is seeking an Account Risk Analyst II to monitor new and existing account relationships for financial crime risk. You will review alerts across BSA/AML/Fraud systems and support OFAC compliance while driving process improvements.

In this role you will investigate suspicious activity, document cases, and recommend SAR filings, while helping with CIP, CDD and EDD for customer relationships and training internal teams as needed.

Qualifications

• A minimum of three years of account risk analysis with at least one year in BSA/AML/OFAC compliance.
• Experience in financial services and data analysis, fraud investigations, and reporting.
• Solid understanding of AML software and technology; MS Office experience required.

Responsibilities

• Review and research new customer account applications to identify fraud.
• Review alerts in AML/Fraud systems to identify suspicious activity.
• Investigate suspicious activity, create cases, and recommend SAR filings.
• Assist in OFAC compliance and 314(a) processes.
• Document processes, procedures, and training materials.
• Support product/process migrations with analysis and insights.
• Identify automation gaps and implement improvements for compliance.
• Review ACH trial deposits daily for potential fraud.
• Perform CIP, CDD, and EDD for designated accounts; provide training as needed.

Skills

Account risk analysis

BSA/AML/OFAC compliance

Data analysis

Fraud investigations

AML software

Microsoft Office

Tools

AML software

Microsoft Office

Job description

About the Position:As the Account Risk Analyst II you will be responsible for reviewing data utilizing a broad range of technical skill sets combined with AML/KYC/Investigative knowledge in order to proactively monitor new and existing account relationships to prevent or minimize financial, reputational, and financial crimes risk to the Bank. You will review alerts in the Bank’s BSA/AML/Fraud and Sanctions monitoring software system(s) to identify potentially suspicious and fraudulent activity. You will also provide support for anti-money laundering and OFAC compliance. You will also perform process analysis to identify changes in regulations, operational processes, or systems and makes recommendations for procedural and process changes.What You Will Do:Reviews and researches new customer account applications referred by internal Bank departments to identify fraudulent account applications.Suspicious Activity IdentificationResearch, document, and close and/or escalate alerts in the Bank’s BSA/AML/Fraud software within documented time frames.Investigate suspicious activity, create cases, and make recommendations for SAR filings to the SAR Committee.Assist in fraud investigations by reviewing and investigating potentially fraudulent activity.Assist in technical system functions to ensure compliance with OFAC and 314(a) processes.Responsible for contributing to documentation of processes, procedures and training materials.Assist in supporting current and future product and process migrations by providing insight and analysis.Assist with identifying automation, gap analysis, and process improvements to ensure compliance with all regulations and identification of suspicious activity.Review ACH trial deposits daily to identify and return potentially fraudulent transfers.Responsible for customer account reviews, ensuring compliance with CIP, CDD and Beneficial Ownership regulations; perform EDD on designated customer account relationships.Provide training to internal departments as required.Perform other duties as assigned.What We’re Looking For:A minimum of three years of account risk analysis, or equivalent, along with at least one year of specialized experience in BSA/AML/OFAC complianceExperience in the financial services industryExperience in analyzing data, conducting fraud investigations, and summarizing conclusions, including problem solving and investigative skillsetSolid understanding of AML software and technologyMicrosoft Office experience requiredWorking Conditions/Demands:Professional office settingPrimarily sedentary position requiring long periods of time working at a computerMust be able to move throughout the office and buildings to obtain or relay informationMust be able to perform the essential functions of the position with or without reasonable accommodationWho Are We?We’re not just another bank and we’re not looking for just another employee. Since 1999, First Internet Bank has been dedicated to finding a better way to bank and doing things that have never been done before. Yes, we really were the first state-charted, FDIC insured bank to operate entirely online and we have been leading the way ever since.We seek the game changers, the innovators…those who challenge the status quo because change really is the only constant. Ready to join a team of imaginative, driven individuals like you? It’s your career, you deserve to imagine more. Keep reading, we think you will like you what see.Why Join Us?At First Internet Bank, our workplace is built around people. Guided by four core competencies—Collaborate to Win, Adapt with Agility, Decide for Impact, and Put People First—we’ve created an environment where individuals feel empowered, supported, and inspired to do their best work. This commitment to collaboration and growth has earned meaningful recognition, including being named a Top Workplace multiple times and one of the Best Banks to Work For. We’re proud of these honors because they reflect what matters most to us: our team.This culture comes to life at our 175,000‑square‑foot headquarters in downtown Fishers, designed with our people in mind. Inside, you’ll find thoughtfully designed workspaces, an onsite fitness center and The Backyard, our 18,000‑square‑foot open‑air deck with fire pits, covered pergolas, a waterfall, and plenty of greenery for stepping away and recharging. Add free snacks, soft drinks, beer on tap, unlimited volunteer time off, continuous education opportunities for development and regular team events, and you’ll find plenty of ways we support connection and a great workday.Our benefits package includes the following and so much more:Medical, Dental, and Vision Insurance for Full-Time employees - Eligibility begins on day one of employment401(k) Retirement Plan with Generous Match for Full-Time and Part-Time employees - Eligibility begins on day one of employmentProfessional Development ReimbursementAt Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start DateEleven Paid HolidaysPaid Volunteer TimeAnnual First Internet Bank-branded merchandise allowanceEqual Opportunity Employer - Women, Minorities, Veterans and Individuals with DisabilitiesIf you are a California resident, you may be entitled to certain rights regarding your personal information. Additional information about our data collection practices and location specific notices is available on our privacy policy. Click here to read more.The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more.