AML and Fraud Financial Intelligence Unit Investigator

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Based in New York, the AML and Fraud Financial Intelligence Unit Investigator works under the Financial Intelligence Unit (FIU) Investigations Team Leads and in close conjunction with the Compliance Quality Assurance Officers. Primary responsibility will be to conduct thorough AML / Fraud investigations of customer transactions and present and prepare SARs in order to ensure that the Bank is in compliance with BSA/AML regulatory requirements.

This individual must have a strong understanding of banking transactions as well as the implications on complying with all laws and regulations relating to money laundering including the Bank Secrecy Act, USA PATRIOT Act, KYC, OFAC, SARs and CTRs.

The AML and Fraud FIU Investigator is responsible for reviewing AML alerts for potentially suspicious activity while conducting due diligence through various sources, both internal and external, documenting investigations and its results and providing initial recommendations and dispositions with supporting reasons. The AML and Fraud FIU Investigator manages all alerts vertically through disposition/conclusion, which may include presenting the recommendation to the SAR Committee and preparing SARs, while ensuring that the entire process is handled in a timely manner.  The AML and Fraud FIU Investigator is expected to become knowledgeable in currency regulations of the various countries in which the Bank has presence.  The AML and Fraud FIU Investigator is also expected to multi-task ad hoc/special projects when requested by management together with the Investigator’s regular responsibilities.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
•  Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Qualifications

Minimum Requirements

The individual must have a solid knowledge of banking transactions, AML investigative processes and AML reporting requirements within the financial services industry. An Associates or Bachelor’s degree or equivalent work experience is required. The individual must be able to communicate effectively to management both orally and in writing. The individual must possess strong analytical skills; excellent follow through and attention to detail, consistent sound judgment, strong organizational skills and excellent time management. Individuals must be able to work independently and with minimal supervision while performing multiple tasks and meeting challenging deadlines.  Excellent working knowledge of MS Word and Excel.

Desired Qualifications

Bachelor’s degree in finance, economics, criminology, or other related fields