BSA Specialist III - Investigator

Wintrust Financial Corporation; Rosemont (IL); On-site; USD 59,000 - 77,000; Full time

Benefits offered by this job

Medical Insurance

Dental

Vision

Life insurance

Disability Insurance

Parental Leave

401(k) with company match

FSA

Employee Stock Purchase Plan

Critical Illness Insurance

Accident Insurance

Transportation and Commuting Benefits

Banking Benefits

Pet Insurance

Job summary

Wintrust Financial Corporation in Rosemont, IL is seeking a Specialist III - Investigator to conduct in-depth reviews of accountholders and transactions for unusual or suspicious activity, under BSA/AML guidelines.

You will document findings, prepare SARs, coordinate with lines of business, and support OFAC compliance, with a focus on confidentiality and adherence to laws. Bachelor’s degree preferred; 1–3 years’ experience required; Actimize experience a plus.

Qualifications

• One to three years plus in Bank Secrecy, Anti Money Laundering and OFAC Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC Experience filing SARs required.
• Must possess critical thinking and problem-solving skills
• Experience with automated anti-money laundering software preferred specifically Actimize

Responsibilities

• Identify and analyze high-risk customers and other identified accounts for unusual and suspicious activity
• Provide accurate documentation of the suspicious activity and recommends appropriate actions
• Prepare and file Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow-up steps as outlined in Bank's BSA/AML Program
• Maintains confidentiality of reports and documentation as required by law
• Review legal requests and conduct account reviews from a BSA/AML/USA Patriot Act perspective
• Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure
• Provide other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank's BSA/AML and OFAC Compliance Program

Skills

Critical thinking

Problem solving

BSA/AML knowledge

SAR filing

Actimize

Education

Bachelor's degree preferred

Tools

Actimize

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”

Why join us?

An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years). Competitive pay and discretionary or incentive bonus eligible. Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few Promote from within culture

Why join this team?

An entrepreneurial culture with opportunity for growth Play an important role supporting Wintrust’s BSA compliance efforts

Position Summary

The Specialist III - Investigator position is responsible for in-depth investigations that are escalated from the alerting and monitoring processes and from enterprise-wide referrals. Coverage includes enterprise-wide review of our accountholders and their transactions: looking for unusual or suspicious activity; investigating potential suspects and provide adequate documentation of identified cases; and is responsible for the completion of filing of suspicious activity reports when appropriate. The position supports the overall BSA compliance efforts as required under the Bank Secrecy Act and the Bank's BSA/AML/ USA Patriot Act and OFAC Compliance Program and Procedures.

What You’ll Do

• Identify and analyze high-risk customers and other identified accounts for unusual and suspicious activity
• Provide accurate documentation of the suspicious activity and recommends appropriate actions
• Prepare and file Suspicious Activity Reports (SARs) and follow appropriate review, documentation and follow-up steps as outlined in Bank's BSA/AML Program
• Maintains confidentiality of reports and documentation as required by law
• Review legal requests and conduct account reviews from a BSA/AML/USA Patriot Act perspective
• Communicate internally to all lines of business to obtain additional information and further documentation to complete analysis of identified accounts, and provide recommendations for case resolution, including account closure
• Provide other assistance as requested to the BSA/AML Officers in the daily responsibilities of managing the Bank's BSA/AML and OFAC Compliance Program

Qualifications

• One to three years plus in Bank Secrecy, Anti Money Laundering and OFAC Working knowledge of various laws, regulations and guidance as it relates to BSA, AML and OFAC Experience filing SARs required.
• Must possess critical thinking and problem-solving skills
• Experience with automated anti-money laundering software preferred specifically Actimize
• Bachelor's degree preferred

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance Compensation

The estimated hourly rate for this role is $28.37-$37.02, along with eligibility to earn an annual bonus. Actual pay rate may vary based on several factors, such as a candidate’s qualifications, skills and experience.

#LI-ONSITE

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success.

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

Wintrust provides community and commercial banking, specialty finance and wealth management services, delivering the sophisticated solutions of a large bank through a relationship-focused approach built from our community banking roots.

Wintrust may collect personal information from you in connection with the application process. Wintrust complies with the California Consumer Privacy Act of 2018, and its policy may be found here Click here for Equal Opportunities.