- Analyzes accounts having activity that appears unusual, including but not limited to the following sources: (Verafin) AML monitoring system, Reports of Suspicious Activity (SARs) and CTR activity- Performs an analysis of the accounts identified by (Verafin) the AML Monitoring software system. The analysis may include, but is not limited to: (I) research through the various in-house systems available, to retrieve appropriate files (e.g., statements, copies of deposits, checks paid, etc.); (II) utilizing the Internet and other public sources to gather information on business entities; and, (III) discussions with appropriate Bank associates to reasonably determine if the activity is commensurate with the account type or a probable basis for such unusual activity can be established.- Detects suspicious activity and then takes appropriate actions- Recommends a course of action to management based on an analysis of the findings- Monitors the activity of accounts identified as having unusual activity or activity that follows patterns or trends on an ongoing basis- Monitors accounts, which related SAR???s have been filed but the account was not closed, within 90 days of SAR filing- Reviews OFAC, Watch List, and Other Lists for screening matches and clears items that are false positives or escalates true matches to the BSA Officer- Completes the review of daily and weekly alerts within the BSA software, Verafin- Completes the review of daily wire alerts in Verafin- Performs daily review of risk rating sheets completed for new customers and follow-up on any exceptions noted- Completes Currency Transaction Reports to be reviewed by the BSA Officer- Completes monthly Monetary Instrument Log reviews- Completes various case reviews within the Verafin software- Remains current and adheres to bank and departmental policies and procedures- Consistently renders excellent customer service internally and externally- Position specific compliance and other trainings as required
- Associates degree, two plus years BSA related experience. - Proficient in Assisted AML software program In Bank (Verafin).
- High school diploma or equivalent plus four years overall banking experience or two-three years of experience directly related to BSA - Proficient in Microsoft Outlook, Excel and Word- Compliance with and successful completion of all trainings related to Bank Secrecy Act laws/regulations
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