BSA/AML Investigator, Assoc II (Alert Investigations Unit)

BSA/AML Investigator, Assoc II (Alert Investigations Unit)DescriptionAt Bank of the West, our people are having a positive impacton the world. We’re investing where we feel we can make the most impact, likeadvancing diversity and women entrepreneurship programs, financing for moresmall businesses, and promoting programs for sustainable energy. From ourlocations across the U.S., Bank of the West is taking action to help protectthe planet, improve people’s lives, and strengthen communities. We are part ofBNP Paribas, a global leader supporting the UN Sustainable Development Goals(SDGs). Yes, we’re a bank, but as the bank for a changing world, we arecontinually seeking to improve the ways we help our customers, whilecontributing to more sustainable and equitable growth.Who we are: The Alert Investigations Unit isresponsible for the investigation of suspicious activity alerts from the firm’ssuspicious activity monitoring system, Actimize, and serves as the first lineof defense for the Financial Intelligence Unit (FIU) for Bank of the West.Alert Investigations is responsible for ensuring Bank of the West complies withthe Bank Secrecy Act (BSA) and the USA PATRIOT Act by monitoring transactionalactivity that flows through the Bank to determine whether a case is needed todetermine if a suspicious activity report (SAR) is warranted to be filed withthe Financial Crimes Enforcement Network (FinCEN).Position SummaryResponsible for investigating alerts of potentiallysuspicious activity from multiple sources, including system generated alerts(Actimize), referrals from other business units and branches, law enforcementrequests and request from BNP Paribas, for money laundering and terroristfinancing. Making determinations as towhether alerted activity makes reasonable sense for thecustomer/business type (non-referral) or if further research is needed (Casereferral) and a suspicious activity report (SAR) filing is warranted on FinCENreportable items in compliance with the Bank Secrecy Act and USA PATRIOT Act. Ensureall reporting requirements are met in compliance with government regulationsand bank BSA/AML policies and procedures. Responsible for meeting performanceand quality KPI standards while working in a professional productionenvironment.Position AccountabilitiesResearch,analyze, and investigate customer activity for potential Anti-Money Laundering/CounterTerrorist Financing (AML/CTF) -related suspicious activity from automatedmonitoring system and referred by Bank personnel for potential AML/CTFrelated activity and make recommendation for further review (Case) for possibleSAR filing with FinCEN.

Maintainproduction and performance standards when reviewing and analyzing automatedalerts for potential suspicious activity

Prepareand thoroughly document factual and impartial findings in an accurate andtimely manner for non-referred and referred alerts.

Communicatewith branch and department managers, as necessary, in researching andinvestigating alerts

Documentresults of alert investigations in the case management system and meetreporting requirements of both internal and external entities.Substantiate non-referral and referral decisions with documentation.

Compiledata, and maintain necessary records and files to assure efficient andconsistent reporting of alert investigations.

Maintaina good understanding of BSA/AML regulations and FinCEN guidelines relativeto Suspicious Activity Monitoring and Reporting as well as current moneylaundering/terrorist financing schemes and risk typologies, andinvestigative techniques required to detect such schemes and typologies.

ProcessUSA PATRIOT Act Section 314(a) requests, searching bank systems formatches and providing responses to FinCEN via the BSA online portal

Researchand respond appropriately to requests from information from the parentcompany, BNP Paribas

Maintainthorough knowledge of the Bank's systems used to conduct research ofcustomer transaction activity.

Performother duties as assigned or requested.

QualificationsRequired Education or EquivalentExperienceBachelor'sdegree or equivalent work experience required

Requiredlicense(s) or certification(s) CAMS or CFE preferred

FINRAregistrations a plus

Required ExperienceMinimumof 3 years with BSA/AML compliance, and conducting and managing financialinvestigations and/or research such as in bank/brokerage operations, security,compliance, and legal areas including criminal and/or civil litigation,researching, comprehensive reporting & documentation, and patternrecognition.Alternative: Combination of education and experience thatequates to these requirements.Field of ExperienceGoodknowledge of banking operations, policies and procedures, systems andoperating rules.

Goodknowledge of Branch or back-office operations; Branch Customer ServiceManager or another financial institution preferred

BSA/AMLexperience at another financial institution preferred.

Goodknowledge of BSA/AML regulations pertaining to suspicious BSA/AML-relatedcustomer activity.

Goodknowledge of Bank's host systems and eVision, as well as the BSA-relatedsuspicious activity detection systems used by the Bank.

Knowledgeof investigative techniques including transaction analysis, evidencegathering and demonstrated research and/or pattern recognition skills,including use of online research tools and report writing

Experiencewith Actimize a plus

Administrative/Technical SkillsStrongwritten and verbal communications skills

Stronginterpersonal skills

Strongattention to detail

Analyticaland multi-tasking skills

PCSkills - Windows, Word, Excel, LAN,

Abilityto follow specific goals and meet required deadlines

Abilityto work independently and display initiative

Detailedplanning and organizing skills

Job: Bank Secrecy Act / Anti Money LaunderingLocation: United States-Wisconsin-General WIOther Locations: United States-Nebraska-OmahaRequisition ID: 059257