- Bachelor's Degree
- Master's Degree
- Project Management
- Analysis Skills
- Microsoft Office
- Data Mining
- Law Enforcement
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Regular or Temporary:
Language Fluency: English (Required)
1st shift (United States of America)
Please review the following job description:
Responsible for end-to-end suspicious activity investigation and reporting process which entails timely monitoring, identification, investigation, and when appropriate; reporting of suspicious financial and/or fraudulent activity, to include money laundering, terrorist financing, fraud and/or any other financial risk or crime. As part of this process, the Financial Intelligence Unit (FIU) develops and implements automated transaction monitoring rules, reports and other processes designed to identify activity potentially indicative of criminal behavior; investigates potentially suspicious financial activity; and when appropriate files suspicious activity reports (SARs) with Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of Treasury and/or refers matters to BB&T’s Financial Crimes Program Management for review and reporting, as necessary. The FIU performs a critical role in ensuring that BB&T complies with the Bank Secrecy and USA PATRIOT Acts as well as regulations set forth by Treasury’s Office of Foreign Assets Control (OFAC) and provides law enforcement with key information for the investigation and prosecution of money laundering, terrorist financing and other criminal activity. A “Special” investigator/analyst in the FIU performs critical functions in the enterprise-wide suspicious activity monitoring, identification, investigation, and reporting process and will be a critical touch point within the entire BSA/AML functions of the FIU.
Essential Duties and Responsibilities:
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Receives escalation from AML Monitoring and AML Investigations units, the Special Investigations Unit Investigator/Analyst will handle the most sensitive, most complex and difficult investigations for the FIU. These will include terrorist financing, National Security Letters, grand jury investigations, Politically Exposed Person (PEP) cases, and joint case investigations with federal law enforcement.
2. Conduct timely, special and complex investigations; enhanced due diligence research; real-time notification or reporting; transaction monitoring.
3. Collaborate with law enforcement and other financial institutions to address large scale or sensitive financial crimes including terrorist financing and money laundering.
4. Conduct SAR drafting, surveillance testing, link analysis, data mining and analytics.
5. Utilize a wide variety of research and transaction monitoring tools.
6. Provide information for various regulatory and analytical reports.
7. Maintain strong knowledge of all applicable current and proposed Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) laws and regulations, specifically as they apply to money laundering, terrorist financing and OFAC.
8. Participate in BSA/AML training that may include webinars, periodicals and self -study in order to stay abreast of the BSA/AML laws and regulations.
9. Maintain awareness of national and world events and industry trends through press releases, real-time monitoring, and collaborative relationships with law enforcement, internal or external watch lists or other relevant sources to mitigate the company’s reputation or regulatory risk.
Required Skills and Competencies:
The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree or equivalent education and related training
2. Federal Law Enforcement experience in the investigation, research, and documentation of money laundering or terrorist financing or 10 years of BSA/AML experience
3. Strong knowledge and experience with BSA regulations and related compliance requirements (including reporting and record retention requirements), and understanding of how changes in those regulations or compliance requirements affect FIU management and other lines of business (LOBs) or subsidiaries within BB&T
4. Thorough working knowledge of the risk indicator trends in money laundering, terrorist financing or other related financial crime and the ability to position our processes to ensure we are able to mitigate those risks at BB&T
5. Strong analytical, investigative research and documentation skills
6. Ability to communicate effectively, both verbally and in writing
7. Excellent verbal and written communication skills; ability to communicate effectively with senior leadership, LOB managers and external entities (e.g. federal examiners)
8. Ability to work in a high stress, fast paced, and rapidly changing environment, with time-critical situations
9. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
10. Ability to work independently
11. Ability to travel, occasionally overnight
1. Master’s degree in Business or related field, or a graduate of BB&T Banking School or other widely-recognized banking school
2. Two years of project management and problem management processes
3. Experience with BSA transaction monitoring or case management applications
4. Knowledge of SAR filing requirements
5. Strong practical or management experience in investigative functions as it relates to current and proposed BSA/AML, USA PATRIOT Act laws and regulations, specifically as they apply to money laundering, terrorist financing and OFAC