FCRM Investigations and Reporting Analyst II (Hybrid)
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Job Location:
Wilmington, DE - USA
Monthly Salary:
Not Disclosed
Posted on:
9 hours ago
Vacancies:
1 Vacancy
Job Summary
Overview
Work Arrangement:
***After the initial training period this is a hybrid role working onsite in our Wilmington DE office.***
Investigates and analyzes more complex potential anti-money laundering and fraudulent transactions and document findings up to and including filing Suspicious Activity Reports and escalating cases to the proper government enforcement authorities.
Responsibilities
Essential Functions
- Conducts financial forensic investigations on AML (Anti-Money Laundering) cases involving complex transaction patterns including those derived from internal escalations referrals from business lines law enforcement requests and department intelligence.
- Determines and pursues the best investigative approach for each unique case ensuring material risk factors are addressed in compliance with AML department policies and regulatory expectations.
- Writes and prepares Suspicious Activity Reports (SAR) following established regulatory guidelines and time frames.
- Documents steps taken through the investigation escalation process through supporting research and data.
- Communicates findings status open issues and other AML-related items to management regularly.
- Interfaces with internal and external partners to obtain information as needed on questionable transaction activity.
- Escalates and coordinates cases with law enforcement as applicable. Obtains information and assistance from law enforcement agencies peer banks and other external groups on AML issues and cases.
- Works closely with internal groups to ensure understanding of SAR and investigative requirements.
- Provides feedback input and suggestions on and Know Your Customer (KYC) issues acting as a subject matter expert on the operations and processes to streamline and improve function effectiveness.
- Performs other duties as assigned.
Qualifications
Education/Experience Requirements
- Undergraduate degree in a related field preferred. Otherwise a non-related undergraduate degree and combination of training and experience will be considered.
- 5 years of transaction monitoring KYC sanctions fraud or investigative experience in BSA/AML.
- Experience in writing and preparing Suspicious Activity Reports (SARs) in accordance with applicable regulatory requirements.
Preferred Requirements
- Extensive working knowledge of BSA/AML and KYC rules and regulations with exposure to SARs documentation.
- Excellent verbal written and interpersonal communication skills.
- A team player able to work effectively in a team fostered multi-tasking environment.
- Proficient in Microsoft Office suite e.g. Excel PowerPoint Word Outlook.
- No travel required.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Working at The Bancorp Bank N.A. and Benefits Information: Culture & Background Screening Employment with The Bancorp Bank N.A. includes successfully passing a background check including credit criminal education employment OFAC and social media background history. #LI-PJ1
#LI-Hybrid
Required Experience:
IC
Key Skills
- Cognos
- Microsoft Access
- SQL
- Crystal Reports
- Financial Report Writing
- Power BI
- Pivot tables
- ssrs
- Tableau
- Regulatory Reporting
- SAS
- Data Analysis Skills
About Company
For over 20 years, The Bancorp has been providing nonbank companies with the people, processes and banking technology that are essential in meeting their individual needs
