WHAT IS NEEDED TO BE SUCCESSFUL IN THIS ROLE?

• Bachelor’s degree in Criminal Justice, Economic Crime, or related field strongly preferred. Equivalent combination of education and experience will be considered.
• Previous retail banking experience, or related field, required.
• A minimum of 3 - 5 years’ experience in related positions is preferred.
• Specialized regulatory compliance and risk management education and training preferred.
• Extensive working knowledge with BSA/AML compliance and investigations, fraud prevention and detection, and/or sanctions compliance strongly preferred.
• Industry certification such as CAMS, CAFP, CFE preferred.

The Financial Crimes Analyst will work with other members of the Financial Crimes team to support Canandaigua National Bank’s enterprise wide BSA and Fraud Program. The Financial Crimes Analyst will be responsible for investigating, researching, and resolving BSA/AML/Fraud/OFAC transaction monitoring alerts and regulatory reports, in addition to internal and external customer fraud inquiries for various types of fraud. This may include providing a thorough review and timely analysis of accounts that appear suspicious or unusual related to potential money laundering, terrorist financing, drug trafficking, and tax evasion. Additional responsibilities may include performing various risk functions which support compliance with laws, rules and regulations associated with the Bank Secrecy Act, Anti-Money Laundering (AML) regulations, the USA PATRIOT ACT, Customer Identification Program, and Office of Foreign Asset Control (OFAC).

• Performs daily Office of Foreign Assets Control (OFAC) processing.
• Responsible for the timely review of processes and reporting for Currency Transaction Reports.
• Monitor compliance with BSA/AML and/or Fraud risk management policies and procedures.
• Responsible for investigating, researching, and escalating or clearing BSA/AML/Fraud/OFAC transaction monitoring alerts.
• Work with bank personnel to freeze funds or restrict accounts as needed to protect the bank from fraud losses.
• Contact customers as required to discuss potentially fraudulent transactions and remediation.
• Collaborate with cross-functional teams to ensure a consistent and coordinated approach to financial crimes risk management.
• Develop and maintain excellent professional work relationships with local, state, and federal agencies.
• Participate in the development, testing, and implementation of systems, work processes, and procedures to improve department efficiency and effectiveness.
• Handles incoming phone calls from Branch staff and other business units related to fraud investigations or potentially fraudulent activities.
• Identify new and emerging fraud trends and patterns and report findings to the Financial Crimes Operations Manager.
• Coordinate with other financial institutions to return and recover funds as required