BSA Investigations Analyst II

Stride Bank, N.A.; Tulsa (OK); On-site; USD 55,000 - 75,000; Full time

Job summary

Stride Bank, N.A. is seeking a BSA Investigations Analyst II to research customer and transactional data, document findings, and report to applicable governmental agencies.

The role involves evaluating referrals, conducting research from various sources, and preparing investigative reports with timely SAR/CTR filings. The position requires strong analytical abilities, confidentiality, and the capacity to determine appropriate actions in line with bank regulations.

Qualifications

• Strong analytical and conceptual thinking, able to solve problems using data.
• Ability to organize thoughts and express ideas clearly.
• Thorough and detail-oriented approach to investigations.

Responsibilities

• Performs daily review and analysis of reports, referrals, and escalations to detect suspicious activity.
• Conducts research using public and private sources and makes informed decisions based on findings.
• Requests information from third parties and 314(b) participating institutions as needed.
• Maintains confidentiality when compiling investigative information and interacting with resources.
• Recommends actions such as account closure or SAR/CTR filing when warranted and coordinates with stakeholders.
• Creates case files, writes summaries, and files SARs and CTRs within required timeframes.
• Evaluates new trends and threats and escalates to management as appropriate.
• Assists with regulatory form reviews to ensure accuracy before filing with agencies.
• Performs enhanced due diligence reviews on high-risk accounts and maintains related CDD and risk ratings.
• Responds to 314(b) information requests and serves as escalation point for Investigations team.
• Trains and mentors new team members and collaborates across business lines.

Skills

Analytical thinking

Organizational skills

Detail-oriented

Education

High School Diploma or equivalent

Job description

The BSA Investigations Analyst II is responsible for the research and investigation of customer and transactional data, as well as reporting to applicable governmental agencies and law enforcement. Investigations involve the collection, analysis, and evaluation of information from various sources, the documentation of research findings, and the completion of reports as required by bank regulations.

Principal Duties And Responsibilities

• Performs daily review and analysis of various reports, referrals, and escalations to effectively determine if money laundering, cyber-crime, identity theft, terrorist financing, human trafficking, fraud, or other types of suspicious activity are occurring.
• Conducts research utilizing various public and non-public sources and make final decisions based on research findings.
• Identifies the information needed to clarify situations and make appropriate requests from third-party service providers and/or 314(b) participating institutions.
• Maintains a high level of sensitivity and confidentiality when compiling investigative information, and in interacting with internal and external resources.
• Recommends account closure, customer termination, and/or Suspicious Activity Report (SAR) filing as warranted, and ensures necessary actions are completed by all responsible parties.
• Creates and maintains case files, writes qualitative summaries of each investigation, and prepares and files Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) within required timeframes.
• Ensures new trends and potential threats are evaluated, documented, and escalated to management.
• Assists with the secondary review of regulatory forms, to ensure quality and accuracy before filing with governmental agencies.
• Performs enhanced due diligence (EDD) reviews on high-risk accounts and services, and maintain related customer due diligence (CDD) and risk rating processes and documentation.
• Takes appropriate action on all internal and external notifications and requests, including responses to 314(b) information requests.
• Serves as an escalation point and subject matter expert for all functions of the Investigations Analyst I role, which includes an in-depth understanding of all systems, programs, and product offerings involved.
• Trains, mentors, and assists new members of the Investigations team, and foster strong collaboration between team members and the supported business lines.
• Assists with special projects and initiatives as assigned.

Non-Essential Functions: Performs other duties as assigned.

Qualifications

EDUCATION AND/OR EXPERIENCE

• High School Diploma or equivalent, required.
• 1-2 years’ experience in BSA/AML, fraud, analysis, or case investigation required.

Knowledge, Skills, And Abilities

• Strong analytical and conceptual thinking skills, with the ability to independently solve problems and make decisions using data.
• Ability to organize thoughts and express ideas clearly.
• Thorough and detail-oriented.