Account Risk Analyst III

First Internet Bank; Fishers (IN); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental, and Vision Insurance

401(k) Retirement Plan

Professional Development Reimbursement

At Least 3 Weeks Paid Vacation

Eleven Paid Holidays

Paid Volunteer Time

Annual merchandise allowance

Job summary

A leading digital bank based in Fishers, Indiana, is looking for an Account Risk Analyst III to manage risk analysis and compliance with AML/CFT regulations. You will conduct thorough investigations and provide subject matter expertise to support the bank's compliance program. Ideal candidates should have at least five years of experience in risk analysis and AML compliance along with strong data analysis skills. The role offers a collaborative work environment and an attractive benefits package.

Qualifications

• Minimum of five years of customer account risk analysis.
• Three years of experience in AML/CFT/OFAC compliance.
• Ability to complete work in a timely, accurate manner.
• Self-starter with independent and team work capability.

Responsibilities

• Investigate and document cases for potential suspicious activity.
• Conduct fraud investigations by reviewing fraudulent activity.
• Present case investigation outcomes to the SAR Committee.
• Perform Enhanced Due Diligence (EDD) reviews on customer accounts.
• Assist with identifying automation and process improvements.

Skills

Customer account risk analysis

AML/CFT investigations

Data analysis

Problem solving

Investigative skills

Microsoft Office

Education

Bachelor’s degree

CAMS certification

CFE certification

CFCS certification

CAFP certification

Job description

About The Position

As the Account Risk Analyst III, you will be responsible for reviewing data utilizing a broad range of technical skill sets combined with AML/CFT 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 complete thorough Case Investigations and Enhanced Due Diligence reviews in the Bank’s AML/CFT and Sanctions monitoring software system(s) to identify potentially suspicious and fraudulent activity. You will provide AML/CFT and Sanctions subject matter expertise support for the anti-money laundering and OFAC compliance program of First Internet Bank of Indiana and its FinTech Partners. You will also perform process analysis to identify changes in regulations, operational processes, or systems and make recommendations for procedural and process changes.

What You Will Do

• Thoroughly and timely investigate and document cases for potential suspicious activity, including money laundering, BSA violations, and terrorist financing
• Conduct fraud investigations by reviewing and investigating potentially fraudulent activity
• Present the outcome of their case investigations to the SAR Committee
• Ensure SARs approved by the SAR Committee are timely prepared, complete, and accurate
• Contribute 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
• Responsible for higher risk customer account reviews, ensuring compliance with CIP, CDD and Beneficial Ownership regulations
• Perform Enhanced Due Diligence (EDD) reviews on designated customer account relationships, including FinTech Partners
• Provide AML/CFT/OFAC subject matter expertise to internal departments as required
• Perform other duties as assigned

What We’re Looking For

• A minimum of five years of customer account risk analysis, or equivalent, along with at least three years of specialized experience in AML/CFT/OFAC compliance in the financial services industry
• Experience in analyzing data, conducting fraud and AML/CFT investigations, and summarizing conclusions, including problem solving and investigative skillset
• Solid understanding of AML/CFT/OFAC regulation and financial crime trends and issues
• Bachelor’s degree and/or industry certification such as CAMS, CFE, CFCS, or CAFP preferred
• Demonstrated ability to complete work in a timely, efficient manner with impeccable accuracy
• Self-starter that is able to work independently and as part of a team
• Demonstrated success at teaching various skills to other Account Risk Analysts including system and computer applications and standard operating procedures
• Microsoft Office experience required

Working Conditions/Demands

• Professional office setting.
• Primarily sedentary position requiring long periods of time working at a computer.
• Must be able to move throughout the office and buildings to obtain or relay information.
• Must be able to perform the essential functions of the position with or without reasonable accommodation.

Who 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 what you see.

More About First Internet Bank

Our success has been driven, in part, by four core competencies – customer focus, teamwork, adaptability and initiative. Collectively they define our actions and are at the heart of all we do. As a result, we’ve been fortunate to have been named numerous times as an Indianapolis Star Top Workplace and one of the Best Banks to Work For! Headquartered in downtown Fishers, our newly‑built, state‑of‑the‑art 175,000 square foot facility headquarters was designed with our team in mind and features an 18,000 square foot open‑air deck named “The Backyard”, with fire pits, covered pergola, waterfall and foliage to create a momentary escape from the work day. Beyond that, the onsite fitness center with the latest equipment and ergonomically‑designed workstations help promote health and wellness. Have we mentioned free snacks, soft drinks and beer available on tap? Want more? How about unlimited volunteer time off and social events to bring us all together to have some more. Why just imagine more, take the “first” step and apply today.

Our Benefits Package Includes the Following

• Medical, Dental, and Vision Insurance for Full‑Time employees - Eligibility begins on day one of employment
• 401(k) Retirement Plan with Generous Match for Full‑Time and Part‑Time employees - Eligibility begins on day one of employment
• Professional Development Reimbursement
• At Least 3 Weeks Paid Vacation Annually - For New Employees, Paid Vacation is Adjusted Based on Start Date
• Eleven Paid Holidays
• Paid Volunteer Time
• Annual First Internet Bank‑branded merchandise allowance

Equal Opportunity Employer – Women, Minorities, Veterans and Individuals with Disabilities

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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.