FCRM Investigations and Reporting Analyst III (Hybrid)

Bancorp Bank; Sioux Falls (SD); Hybrid; USD 60,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented investigator for a hybrid role focused on anti-money laundering (AML) and fraud detection. This position involves conducting complex financial investigations, preparing Suspicious Activity Reports (SARs), and ensuring compliance with regulatory standards. The ideal candidate will have substantial experience in transaction monitoring and KYC processes, along with excellent communication and teamwork skills. Join a dynamic team where your expertise will contribute to safeguarding the financial system and enhancing operational effectiveness in a collaborative environment.

Qualifications

• 6 years of experience in BSA/AML, KYC, or fraud investigation.
• Undergraduate degree preferred; training and experience considered.

Responsibilities

• Conducts financial forensic investigations on AML cases.
• Prepares Suspicious Activity Reports in compliance with regulations.
• Communicates findings and escalates cases to law enforcement.

Skills

Transaction Monitoring

KYC (Know Your Customer)

Fraud Investigation

Communication Skills

Team Collaboration

Education

Undergraduate Degree in a Related Field

Combination of Training and Experience

Tools

Microsoft Office Suite

Job description

Overview

Work Arrangement:

After the initial training period, this is a hybrid role, working onsite in our Sioux Falls, SD office.

Investigates and analyzes the most complex potential anti-money laundering and fraudulent transactions and document findings up to and including filing Suspicious Activity Reports and escalating cases to the proper government enforcement authorities. Cross trains in other FCRM functions.

Responsibilities

Essential Functions

1. Conducts financial forensic investigations on AML cases involving complex transaction patterns. Case sources include internal applications, referrals from business lines, law enforcement and department intelligence.
2. Determines and pursues the best investigative approach for each unique case, ensuring that key questions are addressed, and that compliance AML department policies and regulatory expectations are satisfied.
3. Assesses risk represented by the customer and/or the activity in which the customer has engaged.
4. Prepares Suspicious Activity Reports (SAR) in compliance with established regulatory guidelines and time frames.
5. Communicates findings, status, open issues, and other AML-related items to management regularly.
6. Interfaces with internal stakeholders to obtain information related to their client’s transaction activity.
7. Sends requests for information during the investigative and fact-finding processes, as needed.
8. Escalates and coordinates cases with law enforcement as applicable. Effectively obtains information and assistance from appropriate law enforcement agencies, peer banks, and other external groups on AML issues and cases.
9. Works closely with internal groups to ensure understanding of SAR and investigative requirements.
10. Trains and works across FCRM departments as needed including one or more of the following areas: Sanctions, KYC, or Surveillance and Monitoring.
11. Provides feedback, inputs and suggestions on AML (Anti-Money Laundering) and Know Your Customer (KYC) issues, acting as a subject matter expert on the operations and processes to streamline and improve function effectiveness.
12. Performs other duties as assigned.

Qualifications

Education/Experience Requirements

• Undergraduate degree in a related field preferred. Otherwise, a non-related undergraduate degree and combination of training and experience will be considered.
• 6 years of transaction monitoring, KYC, sanctions, fraud, or investigative experience in BSA/AML.

Preferred Requirements

• Extensive experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements preferred.
• Extensive working knowledge of BSA/AML and KYC rules and regulations with exposure to SARs documentation.
• Experience in training, coaching, and/or mentoring others.
• Excellent verbal, written, and interpersonal communication skills.
• A team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g., Excel, PowerPoint, Word, Outlook.