BSA Investigator I

Location

Job Description:

The BSA Investigator is responsible for ensuring the requirements of the BSA/AML/OFAC Program are maintained at a level commensurate with regulatory examinations. The role is responsible for performing suspicious activity monitoring to identify customers which pose a risk for money laundering and terrorist financing. This role also is responsible for conducting high risk customer investigations, regulatory screening reviews, transaction reporting, and suspicious activity reporting. The BSA compiles, analyzes, and documents applicable activities in compliance with BSA/AML/OFAC procedures and regulatory requirements.

This position is remote capable, however hybrid is preferred.

ESSENTIAL FUNCTIONS:

• Independently researches, analyzes, and decisions customer activity for potential money laundering, terrorist financing, or suspicious activity.

• Compiles data and maintains necessary records and files to assure efficient and consistent reporting of alerts and investigations.

• Reviews and analyzes automated alerts for potential suspicious activity maintaining production and performance standards.

• Develops, maintains, and as necessary facilitates contact with federal and state law enforcement agencies to facilitate investigations.

• Communicate with customers and other departments to further gather evidence for investigations and provide coaching and interviews related to BSA topics.

• Perform periodic file reviews ensuring activities are reviewed in a holistic manner across the spectrum of products and services used by the customer.

• Performing customer due diligence (CDD) and enhanced due diligence (EDD) on heightened-risk customers.

• Investigate potentially suspicious activity, make risk-based SAR recommendations and prepare SARs.

• Serve as a resource on suspicious activity monitoring to Line of Business by communicating BSA/AML/OFAC requirements and implications to their operations.

• Maintain a current thorough understanding of money laundering and terrorist financing including policies, procedures, regulations, industry best practices, criminal activities, and developing trends

• Strong knowledge and understanding of BSA/AML/OFAC.

• Sound analytical, problem solving and organizations skills

• Sound oral and written communication skills

Other:

• Provide a "Wow" customer service experience for team members and customers.

• Develop and maintain productive relationships with team members, leaders, customers, and vendors.

• Prompt and reliable attendance is essential in order to provide expected levels of service.

• Must comply with all Gate City Bank policies, procedures, and applicable laws and regulations.

• Must be detailed-oriented and maintain high degree of accuracy.

• Ability to make decisions in a fast-paced environment.

EDUCATION AND EXPERIENCE:

Associates or bachelor's degree in criminal justice or related field, or equivalent work or educational experience required, or related field desired; minimum of 3 years of BSA/AML/OFAC, Fraud or Compliance experience required or equivalent combination of education and experience. Preferred to maintain or pursue the Certified Anti-Money Laundering Specialist (CAMS) certification and/or Certified Fraud Examiner (CFE).

EOE/including Disability/Vets

Member FDIC