Financial Crimes Specialist at First Bank

Cary, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

22 Jan, 26

Salary

0.0

Posted On

24 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

BSA/AML Compliance, OFAC Compliance, Financial Analysis, Research Skills, Documentation, Case Management, Organizational Skills, Time Management, Communication Skills, Teamwork, Attention to Detail, Decision Making, Problem Solving, Computer Skills, Bank Operations Knowledge, Risk Identification

Industry

Banking

Description

SUMMARY: The position of a Financial Crimes Specialist maintains the responsibility of assisting in the financial crimes area of BSA/AML and OFAC compliance. The Associate is responsible for reviewing, resolving or escalating discrepancies related to suspicious activity identified in accounts, transactions, loans, or other business activities. The Associate will maintain a strong knowledge of Bank operations, systems, and regulations in order to identify risks. The Associate may perform other specific duties as assigned by the Financial Crimes Manager. This individual is expected to gain general knowledge and skill in all areas of BSA as directed. ESSENTIAL FUNCTIONS: * Review and analyze system activity and generated daily suspicious activity monitoring alerts and reports * Ability to analyze financial crimes related triggers and patterns related to risk activity * Perform research using internal and external tools to determine if activity requires further review * Decision and document reasoning for closing alerts according to procedures * Prepares documentation and creates cases for further investigation * Reviews and creates cases for questionable activity reports (QARs), subpoenas and other referrals received * Maintain procedures for reviewing alerts and reports * Appropriately escalates matters associated with financial crimes activity that warrants engagement from management GENERAL QUALIFICATIONS: Knowledge & Experience: These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. Individual abilities may result in some deviation from these guidelines. * High school diploma or general education degree (GED) with 3 years BSA/AML/OFAC Compliance, Banking Experience, or the equivalent combination of education and experience. * Work related experience should consist of duties in a business environment. * Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related. * Intermediate knowledge of Bank operations and other Bank operational policies and procedures. * Excellent organizational and time management skills – ability to work with minimal supervision. * Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs. * Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct personnel. Physical Demands/Work Environment: Vision, hearing, speech, dexterity, visual concentration. A valid driver’s license is required. Must have the ability to stand, walk, sit and use hands and fingers. Must have the ability to work the hours and days required to complete the essential functions of the position, as scheduled. The environment is a professional office with standard office equipment. Cognitive Requirements: Learning, thinking, concentration, ability to exercise self-control, ability to work in a customer relations’ environment. Must be able to pay close attention to detail and be able to work as a member of a team. Must have the ability to interact effectively with co-workers and customers, and exercise self-control and diplomacy in customer and employee relations’ situations. Must have the ability to exercise discretion as well as appropriate judgments when necessary. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Responsibilities

The Financial Crimes Specialist is responsible for reviewing and resolving discrepancies related to suspicious activity in accounts and transactions. This role involves analyzing alerts, preparing documentation for investigations, and escalating significant matters to management.